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Melrose village, WI

ZIP 54642 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 54642

Median Home Value
$195,600
Median Rent
$590
Affordability Snapshot
$54,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,256/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

27.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 54642 in Melrose village, WI, a household would need roughly $54,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,256. That sits below the local median household income ($71,007), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
84.8%+30% vs US avg
x
Vacancy Rate
9.0%-13% vs US avg
x
Broadband Access
82.1%-6% vs US avg
x
4+ Bedrooms
8.1%-45% vs US avg
x
Built Pre-1939
4.4%-66% vs US avg
x
Built Post-2014
1.8%-74% vs US avg
x
Rent Burden >30%
20.8%-58% vs US avg
x
Mortgage-Free
40.2%+5% vs US avg
x
$195,600
Home Value
$590
Rent
1974
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached85.4%
  • 1-unit attached1.6%
  • 2-9 units3.2%
  • 10+ units0.0%
  • Mobile home & other9.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$195,600
Median rent$590
Owner-occupied84.8%
Vacant9.0%
Price-to-income2.8x
Est. income to buy$54,000