Melrose Park, PA
Full City Profile · Pennsylvania · Philadelphia County County
4.8
/5.0
A+
Excellent
2,273
Population
3,988/sq mi density
$154,946
Median Income
$68,740 per capita
$427,400
Home Value
$400,894 Zillow
$1,661
Median Rent
41.3% income on rent
56°F
Avg Temperature
A+
Overall
4.8 / 5.0
Strong
A
Economy
4.4 / 5.0
$154,946 median income, 5.3% unemployment
A+
Affordability
5.0 / 5.0
$427,400 home value, $1,661/mo rent
A+
Education
5.0 / 5.0
76.5% bachelor's degree or higher
Housing Overview
Median Home Value
$427,400
52% above
US avg: $281,900
Median Rent
$1,661/mo
43% above
US avg: $1,163/mo
Homeownership Rate
77.8%
19% above US avg (65.4%)
Home Value by Source
Census Median
$427,400
Zillow (ZHVI)
$400,894
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
77.8%
Owner-Occupied
22.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$900/mo
1 Bedroom
$996/mo
2 Bedroom
$1,225/mo
3 Bedroom
$1,570/mo
4 Bedroom
$1,744/mo
Census median rent:
$1,661/mo
Affordability & Housing Stock
Rent Burden
41.3%
of renters spending 30%+ of income on housing
33% above US avg (31.0%)
Homeownership Rate
77.8%
Complete Housing Data
Home Values
| Census Median Value | $427,400 |
| Zillow Home Value (ZHVI) | $400,894 |
Rent
| Census Median Rent | $1,661 |
| FMR Studio | $900 |
| FMR 1-Bedroom | $996 |
| FMR 2-Bedroom | $1,225 |
| FMR 3-Bedroom | $1,570 |
| FMR 4-Bedroom | $1,744 |
Market
Ownership & Stock
| Owner-Occupied | 77.8% |
| Renter-Occupied | 22.2% |
| Homeownership Rate | 77.8% |
| Rent Burden | 41.3% |