Why Live in Melrose
Melrose, a small community of about 3,600 residents in Stearns County, offers a blend of small-town living and countryside charm. The neighborhood features a quaint downtown area with local businesses, parks, and annual events that foster community engagement. The local economy is supported by two major factories: a Land O’ Lakes cheese manufacturing facility and a Jennie-O turkey processing plant. Housing options range from century-old bungalows and Victorians to mid-20th-century ranch-style and split-level homes, as well as new Traditional houses built from the early 2000s to today. Downtown’s Main Street is home to essential services and shops, including Coborn’s grocery store, Melrose Meat Shoppe, and Martinez Meat & Grocery. Dining options are limited but include JD’s Taphouse and True North Marketplace.
Recreational activities are abundant with three municipal parks: Sauke River Park, Jaycee Park, and Meadowlark Park, offering amenities like fishing, kayaking, playgrounds, and sports facilities. The 65-mile Lake Wobegon Trail, which runs through Melrose, is popular for biking and snowmobiling. Meadowlark Country Club provides a nine-hole golf course. Community events such as the Melrose Riverfest and the Holiday Kick Off bring residents together for festivities and celebrations. Melrose High School offers concurrent enrollment for college credit, providing educational opportunities for its students. Convenient access to Interstate 94 allows for easy commutes to Alexandria (35 miles), St. Cloud (35 miles), and Minneapolis (100 miles).
Frequently Asked Questions
What is the average home price in Melrose, MN?
Homes for sale in Melrose, MN have an average home price of $276,480.
Are home prices dropping in Melrose?
Yes, home prices in Melrose are down 2% in the last 12 months.
How many homes have sold over the last 12 months in Melrose, MN?
47 homes have sold in Melrose, MN over the last 12 months.
What are the most popular zip codes in Melrose, MN?
How much do you need to make to afford a house in Melrose?
The median home price in Melrose is $257,500. If you put a 20% down payment of $51,500 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,340 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $57K a year to afford the median home price in Melrose.
How are the schools in Melrose, MN?
Home Trends in Melrose, MN
On average, homes in Melrose, MN sell after 43 days on the market compared to the national average of 50 days. The median sale price for homes in Melrose, MN over the last 12 months is $247,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$247,000
Median Single Family Sale Price
$258,750
Median Townhouse Sale Price
$153,450
Average Price Per Sq Ft
$143
Number of Homes for Sale
6
Last 12 months Home Sales
47
Median List Price
$257,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%