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Cheap Homes in Melrose, OH

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Melrose, OH Foreclosures

Current Market Conditions in in Melrose, OH As of January 2026?
In the last month, the Melrose real estate market has experienced a slight uptick in listing prices as the demand for homes continues to rise. Several properties have seen increased buyer competition, leading to quicker sales and increasing the average home price. This trend reflects the ongoing popularity of small-town life as more individuals seek out communities like Melrose to escape the hustle and bustle of major urban areas.
How much do homes sell for in Melrose, OH?
The average home price is currently $93,320.
What’s the average rental cost in Melrose, OH?
The average rental price in Melrose is $922.
What is the most expensive home in Melrose?
The most expensive home sold in Melrose had a price of $250,573.
What is currently the cheapest priced home in Melrose, OH?
The cheapest home for sale in Melrose is priced at $12,327.

Living in Melrose, OH

Melrose, OH is a charming small village with a strong sense of community and a peaceful rural setting. It offers various amenities, including shops and parks, making it ideal for families and those looking to enjoy a quiet lifestyle. With access to outdoor activities and nearby larger cities, Melrose balances rural living with inviting opportunities.

Buyer vs Seller Market in Melrose, OH

The real estate market in Melrose has seen a steady increase in demand over the past year, attributed largely to the appeal of rural living amidst rising urban costs. Homes in the area are reasonably priced, making it an attractive option for first-time buyers and families seeking a community-oriented environment.

Potential buyers can expect a mix of modest single-family homes and larger properties with land, with many listings attracting multiple offers. Investment opportunities appear promising as more families discover the benefits of living in Melrose.

Home Value Estimator For Melrose, OH

There are currently 71 real estate properties in Melrose, OH, with a median automated valuation model (AVM) price of $87,708.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melrose, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Melrose, OH, is $93,320.00, with the most expensive house in Melrose, OH, topping out at $250,573.00 and the cheapest home in Melrose, OH, clocking in at $12,327.00. In other words, there’s something for every potential homebuyer or savvy investor in Melrose, OH!

Rent Prices In Melrose, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melrose, OH, is on a rollercoaster ride. The average rent price in Melrose, OH, is $922.00. Indeed, when looking to rent in Melrose, OH, you can expect to pay as little as $600.00 or as much as $1,330.00, with the average rent median estimated to be $920.00. The good news is that finding an affordable and desirable property to rent in Melrose, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Melrose, OH

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