Living in Melrose, OH
Melrose, OH, is a lovely suburban area known for its friendly atmosphere and scenic parks. This community combines peaceful living with easy access to urban conveniences, making it ideal for families and young professionals. With a range of amenities and educational institutions, Melrose is an attractive investment opportunity.
Current Market Conditions in Melrose, OH
The real estate market in Melrose, OH, is currently experiencing a steady demand due to the area's appealing lifestyle and family-friendly environment. Home prices have seen consistent growth over the past few years, positioning Melrose as a desirable location for real estate investors.
With an increasing population and a limited supply of available homes, the demand is expected to continue rising. Investors can benefit from promising rental yields and the potential for long-term appreciation as the area remains popular among homebuyers.
Home Value Estimator For Melrose, OH
There are currently 68 real estate properties
in Melrose, OH,
with a median automated valuation model (AVM) price
of $81,732.00. 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 $94,648.00, with the most expensive house
in Melrose, OH, topping out
at $256,875.00 and the cheapest home
in Melrose, OH,
clocking in at $12,009.00. 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.
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