Melrose Park: Housing & Real Estate
Melrose Park homes sell at a median $465,200, with median rent $1,772 (1.2× higher than Montgomery County median $1,514; 1.6× higher than Pennsylvania median $1,118). Homeownership rate: 82.4%. That's 1.2× higher than the Montgomery County median ($382,300); 2.0× higher than the Pennsylvania median ($237,023).
- 2.8× annual income — home value vs. household income (vs Pennsylvania 2.9×).
- 21.9 years to break even renting at the median (vs Pennsylvania 18y).
Home Values & Rent
Median home value $465,200 — 2.0× the Pennsylvania median ($237,022). Median rent $1,772/month. homeownership rate 82.4% — above the U.S. share of ~65%.
| Median Home Value | $465,200 (vs Pennsylvania $237,023) |
|---|---|
| Median Rent | $1,772 (vs Pennsylvania $1,118) |
Other
| Homeownership Rate | 82.4% |
|---|---|
| Median Year Built | 1938 |