Melrose, Los Angeles, CA—90048
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Melrose, Los Angeles, CA
As of Oct '25, the median home price in Melrose, Los Angeles, CA is $1,672,000, with a year-over-year change of -2.6%. This indicates that home prices in Melrose, Los Angeles, CA are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,672,000 | -2.7% |
| Single Family | $2,017,000 | -3.6% |
| Condos | $963,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $592,000 | -5.6% |
2 Bed | $1,196,000 | -3.3% |
3 Bed | $1,839,000 | -3.7% |
4 Bed | $2,548,000 | -3.2% |
| 5 Bed | $3,297,000 | -3.7% |
% of Housing Stock
Rental Trends — Melrose, Los Angeles, CA
As of July '25, Rentcast reports the average rent in Melrose, Los Angeles, CA is $4,210, with a year-over-year rent change of -6.7%. Per bedroom, the median rent as of July '25 in Melrose, Los Angeles, CA is studios: $2,040, 1-bedrooms: $3,090, 2-bedrooms: $4,490, 3-bedrooms: $5,540, 4-bedrooms: $7,010. The most common rental property sizes in Melrose, Los Angeles, CA are 1-bedroom and 2-bedroom, accounting for 48.1% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,850 | $4,210 |
| Studio Rent | $2,000 | $2,040 |
| 1 Bed Rent | $2,800 | $3,090 |
| 2 Bed Rent | $4,100 | $4,490 |
| 3 Bed Rent | $5,100 | $5,540 |
| 4 Bed Rent | $5,700 | $7,010 |
% of Rental Stock
Property Listings — Melrose, Los Angeles, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Melrose, Los Angeles, CA is 55. This is a increase of 12.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,290,000 | -12.0% |
Listing Count | 128 | 2.0% |
| Listings as % of Homes | 0.6% | 2.0% |
Days on Market | 55 | 12.0% |
Demographics — Melrose, Los Angeles, CA
As of the latest ACS Survey released in 2023, Melrose, Los Angeles, CA has a population of 20,800, which has decreased by -9.2% over the past 5 years. Melrose, Los Angeles, CA is a less popular place for families, as children make up 9.0% of the population. The area has a highly educated workforce, with 69.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,800 | -9.2% |
% Under 18 | 9.0% | -15.1% |
% Seniors | 19.7% | 24.7% |
% WFH | 29.7% | 116.8% |
% w/ College Degree | 69.2% | 0.7% |
As of the latest ACS Survey released in 2023, Melrose, Los Angeles, CA is a predominantly white area, with 73.1% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Melrose, Los Angeles, CA is asian, making up 7.7% of the population. Foreign-born residents account for 27.3% of the population in Melrose, Los Angeles, CA, and this percentage has increased by 15.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.1% | -3.4% |
% Black | 4.6% | 31.4% |
% Hispanic | 7.6% | -6.2% |
% Asian | 7.7% | 6.9% |
% Foreign Born | 27.3% | 15.7% |
Mortgage and Risk — Melrose, Los Angeles, CA
According to HUD data as of 2023, there were 167 mortgage originations in Melrose, Los Angeles, CA, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Melrose, Los Angeles, CA. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 167 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 4.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Melrose, Los Angeles, CA
As of 2024, the percent of homes in Melrose, Los Angeles, CA under the Section 8 program is 0.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Melrose, Los Angeles, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 70 |
Total Units Section 8 | 70 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $2,800 | $2,760 |
| 2 Bedroom | -$620 | $4,100 | $3,480 |
| 3 Bedroom | -$680 | $5,100 | $4,420 |
| 4 Bedroom | -$800 | $5,700 | $4,900 |
Affordability — Melrose, Los Angeles, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 17.9 |
| Median Home Price | $1,672,000 |
| Median Household Income | $104,000 |