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Melrose

NeighborhoodThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Iowa
$340K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
-20.5%
1-yr changeHow much prices and sales counts changed since the same time last year, using a 3-month average to smooth out noise. Above the dashed line means growth.
2
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$413K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Jul 2026 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Market Trends

Sale pricesThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.MedianSales
20172018201920202022202320252026
Growth (year over year)How much prices and sales counts changed since the same time last year, using a 3-month average to smooth out noise. Above the dashed line means growth.PriceSales
20172018201920202022202320252026
Price per square footThe middle price per square foot, for sales where the size is known. It adjusts for homes being different sizes.$/ft²
20172018201920202022202320252026
Sale premium vs estimated valueHow sale prices compare with our estimated values at the time of sale. Above the dashed line, homes sold for more than the models expected — a sign of competitive bidding. Below it, buyers paid under model value.Premium
20172018201920202022202320252026
Annual turnover (share of homes sold)The share of all homes here that sold in the trailing 12 months. Higher turnover means a more liquid market where homes trade hands more often.Turnover
20172018201920202022202320252026
Buyer mixWho is buying. Cash means no mortgage was recorded, investor means the buyer looked like an investor, and flip means the home resold within a year.CashInvestorFlip resale
20172018201920202022202320252026
Financing (share of purchase price)For buyers who borrowed: the middle share of the price they financed, and the middle share they paid up front.Loan (LTV)Down payment
20172018201920202022202320252026
Sellers who sold at a gainThe share of sellers each month who sold for more than they originally paid.Sold at gain
20172018201920202022202320252026
Typical hold before sellingThe middle number of years sellers owned their home before selling.Median hold
20172018201920202022202320252026
Median annualized return at resaleThe middle yearly gain sellers earned, spread across the years they owned the home. Only counts homes held at least a year.Annualized gain
20172018201920202022202320252026

Housing Stock

HomesHow many homes we have records for in this area.138
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$413K
Median sizeThe middle home size here, measured in square feet.1,498 ft²
Median bedroomsThe middle bedroom count for homes here.3
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1940
Single familyThe share of homes here that are single-family houses.96%
CondosThe share of homes here that are condos.1.4%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.57%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.8.3%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.23%
Company ownedThe share of homes owned by a company or trust instead of a person.75%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.46%
Typical ownership tenureHow long the typical owner here has held their home.12.9 yrs

CommunityThese 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.189
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.89
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.21

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.91%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.35%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.36%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.611
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,043 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$34K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$48K
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.37 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.61%

Market metrics are derived from recorded arms-length deeds and refreshed nightly. Temperature blends price momentum, sales velocity, turnover and resale outcomes, ranked against all neighborhoods nationally.

How Melrose compares

By median home value, Melrose is the 6th most expensive of 34 neighborhoods in Johnson County, and its typical home is worth more than 68% of all homes in Johnson County.

Home values in Melrose

Share of homes at each estimated value.

Median
$256K$750K
neighborhoods in Johnson County ranked by median home value
#Johnson CountyMedian valueHomes
1Walnut Ridge$931K116
2Manville Heights$604K456
3Windsor Ridge$475K420
4Galway Hills$473K207
5Southwest Estates$459K114
6Melrose$413K138
7Bryn Mawr Heights$383K171
8Central Crossing$377K171
9Normandy$359K101
10South Pointe$343K142
11College Green$335K557
12Morningside Glendale$334K593
13Shimek$328K623
14Bluffwood$324K344
15Peninsula Area$319K784
16Longfellow$316K1,061
17Downtown$315K507
18Washington Hills$312K1,367
19Pepperwood$312K237
20Eastside$291K1,949
21Goose Town$288K1,032
22Wetherby$264K541
23Oak Grove$263K201
24Creekside$245K605

34 neighborhoods in Johnson County are ranked; the most valuable are listed here.

About the Melrose market

What is the median home price in Melrose, IA?

The median sale price in Melrose, IA is $340,000 (data through July 2026), based on deeds recorded with the county. That is down 20.5% from a year earlier.

How many homes sell in Melrose, IA each year?

2 homes sold in Melrose, IA over the last 12 months (data through July 2026). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Melrose, IA?

Melrose, IA contains 138 residential properties, with a median of 1,498 square feet, 3 bedrooms, built around 1940. The median TopHap Estimate is $413K.

How does Melrose, IA compare to the rest of Johnson County?

By median home value, Melrose, IA is the 6th most expensive of 34 neighborhoods in Johnson County. Its typical home is worth more than 68% of all homes in Johnson County. Southwest Estates ranks just above it and Bryn Mawr Heights just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Melrose, IA?

23% of homes in Melrose, IA are owner-occupied. 75% are held by a company rather than an individual.

How much equity do owners in Melrose, IA hold?

57% of mortgaged homes in Melrose, IA are equity-rich, meaning the loan balance is under half the home's value. 8.3% owe more than the home is worth.

Nearby markets

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