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Median Home Price in Melrose Park, IL

The median home value in Melrose Park, IL is $324,615 as of 2026-06-30, up 4.98% from a year earlier.

Median Home Value

$324,615

Year-over-Year

+4.98%

Population

23,327

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 $318,423. It sits in Cook County, where the county-wide median is $343,350.

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

How much does a house cost in Melrose Park, IL?

The median home value in Melrose Park is $324,615. That's up 4.98% from a year earlier. That is about 1.9% above the typical county in Illinois.

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 $343,350 — 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.