Housing & Real Estate — Melrose Park, Illinois
Overview
| Total Housing Units | 8,947 |
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| Occupied | 8,321 |
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| Vacant | 626 |
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| Owner-Occupied | 4,768 |
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| Renter-Occupied | 3,553 |
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| Median Home Value (Census) | $275,800 |
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| Estimated 2026 | ~$303,000 |
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| Median Rent | $1,194/mo |
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| Median Property Tax | $5,717/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | moderate |
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| Rent as % of Income | 21.6% |
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| Severely Rent-Burdened | 36.0% |
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Housing Age
| Built 2010 or later | 112 |
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| Built 2000-2009 | 752 |
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| Built 1990-1999 | 454 |
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| Built before 1960 | 5,427 |
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| Median Year Built | 1957 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
