Median home value: $295K (+1.8% YoY). Part of Chicago-Naperville-Elgin, IL-IN-WI.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Chicago-Naperville-Elgin, IL-IN-WI metro page.
Home Value$295,350
+1.8%
AFFORDABILITY6.00% 30yr, 20% down, county tax + IL ins. 28% per HUD.
Enter your income for Melrose Park.
$59,070 on $295,350
Stretch — 33.8% of income
Above 28% but manageable with cuts.
PITI$2,115
P/I33.8%
Afford$244K
Gap-$51K
P&I $1,417Tax $549Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing