Housing & Real Estate — Melrose, Minnesota

Overview

Total Housing Units1,655
Occupied1,552
Vacant103
Owner-Occupied1,115
Renter-Occupied437
Median Home Value (Census)$207,200
Estimated 2026~$230,000
Median Rent$1,061/mo
Median Property Tax$1,868/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilitymoderate
Rent as % of Income21.3%
Severely Rent-Burdened44.1%

Housing Age

Built 2010 or later48
Built 2000-2009234
Built 1990-199981
Built before 1960572
Median Year Built1967
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.