What is the Best Neighborhoods USA ranking for Melrose?
Melrose is ranked #21 of 27 eligible neighborhoods in Iowa City; #83 of 165 eligible neighborhoods in IA; and #7,634 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Melrose
Iowa City, IA | Johnson County
Scored premium profile
Best Neighborhoods USA Index
50.0
Stability and Strength
47.6
Value Opportunity
36.6
Momentum
72.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Iowa City, IA |
| County | Johnson County |
| National rank | #7,634 of 14,967 |
| State rank | #83 of 165 |
| City rank | #21 of 27 |
| County rank | #21 of 27 |
| National percentile | 49.0 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $413,973 |
| Year-over-year home value change | 7.1% |
| Month-over-month home value change | -0.25% |
| Home value to income ratio | 11.67 |
| Median household income | $35,460 |
| Bachelor's degree or higher | 64.0% |
| Civilian unemployment rate | 0.0% |
| Homeownership rate | 15.5% |
| Housing vacancy rate | 10.6% |
| Rent burden 30% or higher | 46.7% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Melrose
Is Melrose one of the best neighborhoods in Iowa City?
Melrose has a Best Neighborhoods USA Index of 50.0 and a city ranking of #21 of 27 eligible neighborhoods in Iowa City.
How much are homes worth in Melrose?
The current Zillow Home Value Index for Melrose is approximately $413,973.
Are home values rising or falling in Melrose?
Zillow neighborhood values changed 7.1% year over year and -0.25% month over month.
What is the Neighborhood Momentum Score for Melrose?
Melrose has a Neighborhood Momentum Score of 72.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Melrose?
The NDS-derived neighborhood median household income is approximately $35,460.
How affordable is Melrose relative to household income?
The current Zillow home-value-to-household-income ratio is 11.67. Price-to-income affordability is a major Value Opportunity input.
Is Melrose primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 15.5%.
What is the unemployment rate in Melrose?
The NDS-derived civilian unemployment rate is approximately 0.0%.
How educated are residents of Melrose?
Approximately 64.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Melrose face high rent burden?
Approximately 46.7% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Melrose?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications8
Estimated originations6
Home-purchase applications5
Origination rate74.1%
Home-purchase share59.3%
Average application loan$261,349
Total application loan amount$2,110,561
National application rank#12,961 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -3.5% YoY; originations -25.9% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.