Melrose, IA Real Estate
According to census data in the year 2000 there were 64 housing units in Melrose.
This represents a 22% decline from 82 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 64 were located in what is classified as a rural area.
Homeownership rate in Melrose is about 83.3%.
Melrose's vacancy rate, including seasonal lodging, is about 15.6%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Melrose were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0% |
| Two Bedrooms | 32.80% |
| Three Bedrooms | 35.90% |
| Four Bedrooms | 29.70% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $39,000 |
| Median Price asked for vacant units | $9,999 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.89 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 21.40% |
| Home Equity Loan | 0% |
| Simple Mortgage | 25% |
| Debt Free | 53.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 10% |
