Home values, rents and more in Melrose Park, IL
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open Melrose Park in ProMap- Under $280k
- $280k–$300k
- $300k–$320k
- $320k–$340k
- $340k+
- No data
How Melrose Park compares
The typical home in Melrose Park, IL is worth about $322,000, according to the Zillow Home Value Index for September 2026. Home values in Melrose Park are 10% below the typical value in the Chicago metro area ($356,000) and 12% below the U.S. typical value ($366,000).
Over the past year, home values in Melrose Park rose 6.4%, compared with +5.0% in the Chicago metro area and +1.2% nationally.
Typical rent is $1,475 a month (Zillow Observed Rent Index), 32% below the Chicago metro area ($2,163) and 24% below the U.S. ($1,932).
The median household income is $66,189, against $90,887 in the Chicago metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 24,549 people live in Melrose Park (American Community Survey 2020–24).
Melrose Park has the 130th-lowest typical home value of the 326 cities in the Chicago metro area and the 205th-highest of 1,005 in Illinois with Zillow figures.
Part of: Cook County, IL · Chicago metro area · Illinois
More for Melrose Park in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Crime rates
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby cities
ZIP codes in Melrose Park, IL
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.