HomeIllinoisCook CountyMelrose Park village
Melrose Park village, Illinois: commercial real estate data.
Melrose Park village 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.
82 sourced place values · tier FULL · 9 sections · 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$1,738,000
- Largest approval$3,500,000
- Jobs supported532
- Jobs per approval9.3
- Loans with a final outcome10
- Paid in full10
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- 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
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$558,000
- Largest approval$1,461,000
- Jobs supported228
- Loans with a final outcome5
- Charged off1
- Median term240 months
- Distinct CDCs4
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
- Listed NFIP communities1
- Of those, participating1
- Best Community Rating System classClass 7
- NFIP community number170125
- Currently effective map date08/19/08
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Cook County, not Melrose Park
Cook County context, not Melrose Park figures
These are Cook County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Melrose Park measurements.
- Establishments in Cook County134,513
- Employment at those establishments, Cook County2,492,328
- Covered employment, Cook County2,565,567
- Average annual pay, Cook County$86,931
- Average weekly wage, Cook County$1,672
- Housing units permitted, Cook County6,507
- Of those, single family, Cook County1,142
- County product, 2024, Cook County$546,440,623,000
- County product change over the prior year, Cook County4.6 percent
- Average income of an arriving household, Cook County$91,691
Every figure in this section is published for Cook County as a whole and is not a measurement of Melrose Park. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $24.9 m, across 24 lenders, median approval $150,000, plus 26 504 approvals worth $16.5 m. 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?
Of the 10 loans that have reached a final outcome, 10 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Melrose Park in the National Flood Insurance Program?
Yes. Melrose Park appears in the FEMA Community Status Book as community 170125, carrying Community Rating System class 7, which is a premium discount for exceeding the programme 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 labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.