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Median Home Price in Melrose Park, IL

The median home value in Melrose Park, IL is $321,643, up 6.43% from a year earlier.

View Melrose Park on the interactive city map →

City housing-data period: September 2026. City source retrieval/check time (UTC) is recorded in the feed's updated field when available, not in the housing-data period.

Checked daily for new monthly Zillow releases, not new daily prices. Income and crime data are updated separately, not by the daily housing-data check. Unavailable means observation dates are missing or invalid.

Median Home Value

$321,643

Year-over-Year

+6.43%

Population

23,327

Home value history

The typical home value increased by 1.0%, from $318,367 in May 2026 to $321,643 in Sep 2026.

Monthly Zillow Home Value Index snapshots retained by HomePriceMap. A short history is shown now and grows automatically as each new monthly release arrives.

Melrose Park, IL monthly home value history
Month	Typical home value	Year-over-year change
May 2026	$318,367	+4.2%
Jun 2026	$324,615	+5.0%
Jul 2026	$326,590	+5.5%
Aug 2026	$323,884	+6.1%
Sep 2026	$321,643	+6.4%

Melrose Park ranks #134 of 279 Illinois cities tracked here by median home value, and sits 1.9% above the state's city median of $315,610. It sits in Cook County, where the county-wide median is $340,258.

Crime in Melrose Park

Melrose Park police recorded a violent crime rate of 304 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 1,770 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Melrose Park

What is the average home price in Melrose Park, IL?

People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Melrose Park, that value is $321,643. That's up 6.43% from a year earlier. It is about 1.9% above the typical Illinois city tracked here.

Is Melrose Park expensive compared to the surrounding area?

Homes in Melrose Park are cheaper than Cook County as a whole, where the median is $340,258 — a difference of about 5.5%.

Is Melrose Park a safe place to live?

Melrose Park police reported 304 violent crimes per 100,000 residents, covering a population of about 23,327. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.