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Single Family ResidenceResidential
$291,814$264 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

881 STATE ROUTE 40

MELROSE, NY 12121
3
Beds
1
Baths
1,104 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
3.25 ac
Lot SizeThe size of the land the home sits on, from county records.
1951
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$292K
$278K low$305K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,836 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$33,500 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$11,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$22,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$33,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$235,253

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.16 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
CountyRENSSELAER
Lot (acres)The size of the land the home sits on, from county records.3.25
HeatingThe type of heating system in the home.Hot Water
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Basement
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Hoosic Valley Elementary SchoolD+
Elementary · Grades KG–6 · 4.5 mi
H
Hoosic Valley Junior Senior High SchoolB-
High · Grades 2–12 · 4.5 mi

District: Hoosic Valley Central School District

Neighborhood · ZIP 12121These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.32
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.86
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.65

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.93%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.17%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.6.4%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.2,415
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.104 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$114,647
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$120,540
Average tempThe average temperature here across a full year.47°F
Annual precipHow much rain and melted snow falls here in a typical year.40 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.52%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

881 State Route 40 measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 67% of homes in Melrose 12121
  • Costs more per square foot than 90% of homes in Melrose 12121
  • Smaller than 87% of homes in Melrose 12121
  • Has a bigger lot than 84% of homes in Rensselaer County
  • Older than 73% of homes in Melrose 12121

What homes are worth in Melrose 12121

Each bar is how many homes fall in that price range. The marker is this home.

This home
$137K$720K

This home is worth more than 33% of homes in Melrose 12121.

How it measures up in Melrose 12121

The dot is this home. The mark in the middle is the typical home in Melrose 12121.

Estimated value$291,814
CheaperTypical $334,174Pricier

Pricier than 33% of homes nearby

Price per ft²$264
CheaperTypical $204Pricier

Pricier than 90% of homes nearby

Living area1,104 ft²
SmallerTypical 1,638 ft²Bigger

Bigger than 13% of homes nearby

Lot size3.25 ac
SmallerTypical 2 acBigger

Bigger than 67% of homes nearby

Year built1951
OlderTypical 1975Newer

Newer than 27% of homes nearby

How 881 State Route 40 ranks against every home in each area.
MeasureThis homeMelrose 12121Rensselaer County
Estimated valuepricier than$291,81433% of homes44% of homes
Price per ft²pricier than$26490% of homes86% of homes
Living areabigger than1,104 ft²13% of homes15% of homes
Lot sizebigger than3.25 ac67% of homes84% of homes
Year builtnewer than195127% of homes44% of homes

About 881 State Route 40

How much is 881 State Route 40, Melrose, NY worth?

The TopHap Estimate for 881 State Route 40, Melrose, NY is $291,814 as of Sep 24, 2026. The likely range is $278,148 to $305,480. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 881 State Route 40, Melrose, NY last sell?

881 State Route 40, Melrose, NY last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 881 State Route 40, Melrose, NY?

881 State Route 40, Melrose, NY has 3 bedrooms, 1 bathrooms, 1,104 square feet of living space and a 3.25-acre lot.

When was 881 State Route 40, Melrose, NY built?

881 State Route 40, Melrose, NY was built in 1951, making it 75 years old. It is a ranch home. The building has 1 story.

What schools serve 881 State Route 40, Melrose, NY?

881 State Route 40, Melrose, NY is assigned to Hoosic Valley Elementary School (elementary), rated D+; Hoosic Valley Junior Senior High School (high), rated B-. All sit in Hoosic Valley Central School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 881 State Route 40, Melrose, NY compare to other homes in Melrose 12121?

Among the 730 homes in Melrose 12121, it is worth more than 33% of them ($291,814 against a typical $334,174), its price per square foot is higher than 90% of them ($264 against a typical $204), it is bigger than 13% of them (1,104 ft² against a typical 1,638 ft²), its lot is bigger than 67% of them (3.25 ac against a typical 2 ac) and it is newer than 27% of them (1951 against a typical 1975). Measured against all of Rensselaer County, it is worth more than 44% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 881 State Route 40, Melrose, NY?

The 2025 property tax bill for 881 State Route 40, Melrose, NY was $3,836. The county assessed it at $33,500.

More homes on State Route 40

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