HomeIllinoisCook CountyMelrose Park
Melrose Park, Illinois: commercial real estate data.
Melrose Park is a Census village of 24,549 people across 4.35 square miles of land, in Cook County. Median household income is $66,189, 56.7 percent of occupied homes are owned, and the SBA record carries 57 7(a) approvals to borrowers here worth $24.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Melrose Park
What Melrose Park is
- Census place typevillage
- Land area4.35 sq mi
- Water area0 sq mi
- Population per square mile of land5,639
- County holding the largest share of its areaCook County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melrose Park
How many people live in Melrose Park
- Population24,549
- Median age37.3
- Population under 185,552
- Share under 1822.6 percent
- Population 65 and over3,138
- Share 65 and over12.8 percent
- Households8,463
- Family households5,677
- Share of households that are families67.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melrose Park
Income and work in Melrose Park
- Median household income$66,189
- Per capita income$29,979
- Civilian labor force12,823
- Employed12,097
- Unemployed726 plus or minus 188
- Unemployment rate5.7 percent plus or minus 1.4
- Adults 25 and over16,238
- Adults 25 and over with a high school diploma or higher69.7 percent
- Adults 25 and over with a bachelor degree or higher15.0 percent
- Adults 25 and over with a graduate degree5.5 percent plus or minus 1.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melrose Park
Housing in Melrose Park
- Housing units9,072
- Occupied units8,463
- Vacant units609 plus or minus 228
- Vacancy rate6.7 percent plus or minus 2.5
- Owner occupied4,795
- Renter occupied3,668
- Ownership rate56.7 percent
- Median owner-occupied home value$275,800
- Median gross rent, monthly$1,176
- Annual rent as a share of median income21.3 percent
- Single family units3,950
- Share single family43.5 percent
- Units in buildings of two or more4,533
- Share in buildings of two or more50.0 percent
- Mobile homes589 plus or minus 180
- Median year structure built1956
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melrose Park
How Melrose Park gets to work
- Workers 16 and over who commute11,103
- Commuting under 15 minutes2,348
- Share commuting under 15 minutes21.1 percent
- Commuting 30 minutes or more4,988
- Share commuting 30 minutes or more44.9 percent
- Drove alone72.1 percent
- Carpooled14.9 percent plus or minus 4.4
- Public transport3.1 percent plus or minus 1.3
- Walked2.8 percent plus or minus 1.4
- Worked from home5.9 percent plus or minus 1.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melrose Park
SBA loans in Melrose Park (7(a))
- Approvals57
- Gross approval$24,899,700
- Average approval$436,837
- Median approval$150,000
- Ninetieth percentile approval$1,613,200
- Largest approval$3,500,000
- Jobs supported532
- Jobs per approval9.3
- Loans with a final outcome10
- Paid in full10
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more12.3 percent
- Share to franchises12.3 percent
- Distinct lenders24
- Distinct industries by NAICS34
Counted by borrower city: approvals to borrowers whose address is in Melrose Park, in any county, FY2020 to FY2026. Only 10 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Melrose Park
SBA loans in Melrose Park (504)
- Approvals26
- Gross approval$16,524,000
- Average approval$635,538
- Median approval$537,500
- Largest approval$1,461,000
- Jobs supported228
- Loans with a final outcome5
- Charged off1
- Median term240 months
- Distinct CDCs4
Counted by borrower city: approvals to borrowers whose address is in Melrose Park, in any county, FY2010 to FY2026. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Melrose Park
Flood risk in Melrose Park
- NFIP communityVillage of Melrose Park
- NFIP community number170125
- Participating in the NFIPYes
- Community Rating System classClass 7
- Currently effective map date08/19/08
The Village of Melrose Park participates in the National Flood Insurance Program as community 170125 and carries Community Rating System class 7, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Cook County, not Melrose Park
Cook County context, not Melrose Park figures
- Establishments in Cook County134,513
- Covered employment, Cook County2,565,567
- Average annual pay, Cook County$86,931
- Housing units permitted, Cook County6,507
Every figure in this section is published for Cook County as a whole and is not a measurement of Melrose Park.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Melrose Park questions, answered from the record.
How many people live in Melrose Park, Illinois?
24,549, in 8,463 households. Melrose Park village covers 4.35 square miles of land, which is 5,639 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Melrose Park in?
Cook County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Melrose Park?
$66,189. The median owner-occupied home is valued at $275,800. Median gross rent is $1,176 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Melrose Park businesses?
57 7(a) approvals totaling $24.9 m since FY2020, across 24 lenders, median approval $150,000, plus 26 504 approvals worth $16.5 m since FY2010. These count approvals to borrowers whose address is in Melrose Park, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Melrose Park borrowers get paid back?
No rate is published for Melrose Park. Only 10 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Melrose Park in the National Flood Insurance Program?
Yes. Melrose Park appears in the FEMA Community Status Book as Melrose Park, village of, community 170125, carrying Community Rating System class 7, which is a premium discount for exceeding the program minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Melrose Park figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Cook County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Melrose Park.
Is zoning published for Melrose Park?
No. Nothing on this page presents parcel level zoning.