Melrose, OH Real Estate
According to census data in the year 2000 there were 119 housing units in Melrose.
This represents a 9.2% growth from 109 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 119 were located in what is classified as a rural area.
Homeownership rate in Melrose is about 77.6%.
Melrose's vacancy rate, including seasonal lodging, is about 10.1%.
Average household size is 2.77 people.
The majority of houses, apartments or condos in Melrose were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 17.60% |
| Two Bedrooms | 25.20% |
| Three Bedrooms | 41.20% |
| Four Bedrooms | 15.10% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.84 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $39,400 |
| Median Price asked for vacant units | $9,999 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1985 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10.20% |
| Home Equity Loan | 6.80% |
| Simple Mortgage | 45.80% |
| Debt Free | 37.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
