Melrose, WI—54642
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Melrose, WI
Melrose, WI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $237,000 | 3.9% |
| Single Family | $236,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Melrose, WI
As of July '25, Rentcast reports the average rent in Melrose, WI is $750, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Melrose, WI is 1-bedrooms: $750. The most common rental property sizes in Melrose, WI are 2-bedroom and 4-bedroom, accounting for 26.9% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Melrose, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Melrose, WI is 38. This is a increase of 75.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $316,000 | 44.0% |
Listing Count | 8 | 83.0% |
| Listings as % of Homes | 0.3% | 83.0% |
Days on Market | 38 | 75.0% |
Demographics — Melrose, WI
As of the latest ACS Survey released in 2023, Melrose, WI has a population of 2,360, which has increased by 10.6% over the past 5 years. Melrose, WI is a popular place for families, as children make up 27.2% of the population. The area has a poorly educated workforce, with 18.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,360 | 10.6% |
% Under 18 | 27.2% | 16.7% |
% Seniors | 16.1% | 0.0% |
% WFH | 11.5% | -1.7% |
% w/ College Degree | 18.7% | -4.1% |
As of the latest ACS Survey released in 2023, Melrose, WI is a predominantly white area, with 91.4% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Melrose, WI is hispanic, making up 2.9% of the population. Foreign-born residents account for 0.6% of the population in Melrose, WI, and this percentage has decreased by 53.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.4% | -4.2% |
% Black | 0.8% | 700.0% |
% Hispanic | 2.9% | 70.6% |
% Asian | 0.6% | 50.0% |
% Foreign Born | 0.6% | -53.8% |
Mortgage and Risk — Melrose, WI
According to HUD data as of 2023, there were 76 mortgage originations in Melrose, WI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Melrose, WI. Investor activity is low, as 7.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 76 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 7.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Melrose, WI
Melrose, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 6.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $750 | $1,000 |
| 2 Bedroom | N/A | N/A | $1,140 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,750 |
Affordability — Melrose, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $237,000 |
| Median Household Income | $71,000 |