Real Estate Investing in Melrose, Iowa

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1 ZIP codes • Population: 541 • Monroe County

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Should you buy in Melrose, IA? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (84/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
GOOD
4.0 / 5 (71/100)

A balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.

⚠️ Risks to Know
1 flag
  • High vacancy: 48.1% of homes vacant — above national norms.

What’s happening in Melrose, IA?

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4.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.8% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $126,638
Avg Monthly Rent $1,071
ZIP Codes 1

Investing in Melrose Real Estate

With a sizable population across 1 ZIPs, Melrose shows the kind of subdued fundamentals that keep most out-of-state capital on the sidelines.

The investment case for Melrose is difficult to make on screen data alone. a harder case for a 4.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Rent trends and price trends in Melrose are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Iowa.

Distressed-leaning demographics in Melrose — soft income growth, high rent burden, population shifts — are among the reasons the ★★★★☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$126,638
Avg Monthly Rent
$1,071
1% Rule
✗ Below
Landlord Friendly (IA)

ZIP Codes in Melrose, IA

Screen every ZIP in Melrose

Filter Melrose’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Melrose, IA

Is Melrose, IA better for rentals, flips, or BRRRR?

The best-fit strategy in Melrose, IA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

Are there empty rentals in Melrose, IA?

Vacancy risk in Melrose, IA is elevated. That supports reliable cash flow for typical rental holds.

What kind of market is Melrose, IA for investors?

Melrose, IA rates 4.0/5 for investability. With median values at $127K and rents near $1,071/mo, the market offers reasonable fundamentals for rental investors.

Is Melrose, IA good for house hacking?

Melrose, IA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $127K price point reasonable to enter.

What is the median home value in Melrose, IA?

Melrose, IA home values average about $127K. That price point suits investors targeting rentals with $1,071/mo in monthly income.

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