House Prices

Melrose District Phoenix, AZ House Prices & Home Values 2026


Average Data

average house price$442,613
average size per house1587 ft²
average price per ft²268 $ / ft²

04/05/2026 - The value range (VR) for house prices in Melrose District Phoenix, AZ is $254.6/ sqft to $281.4/ sqft. An average home with 1587 sqft costs approximately $387,081 to $427,826. Phoenix, AZ includes 1 ZIP codes and it is located in Maricopa county. The lowest prices are found in ZIP 85013, while the highest are in ZIP 85013. The average price per sqare feet is $268. Our analysis is based on 23 property listings.

Avergage prices by ZIP codes Melrose District Phoenix

85013258 $ / ft²




Historical development of home values in Melrose District Phoenix

Year Estimated value (USD) Change vs. 2025
2010 $205,557 -53.6%
2011 $197,609 -55.4%
2012 $197,077 -55.5%
2013 $204,443 -53.8%
2014 $214,608 -51.5%
2015 $225,623 -49.0%
2016 $237,398 -46.4%
2017 $250,211 -43.5%
2018 $264,044 -40.3%
2019 $276,287 -37.6%
2020 $290,570 -34.4%
2021 $330,492 -25.3%
2022 $385,279 -13.0%
2023 $406,295 -8.2%
2024 $429,800 -2.9%
2025 $442,613 0.0%

Graph: estimated home values in Melrose District Phoenix over time (USD)



Example: 100% financing house in Melrose District Phoenix

Loan amount: $442,613

Interest rate: 5.75%

Fixed monthly payment: $2,582.41

Breakdown in the 1st month:
Interest portion: $2,120.12  –  Principal portion: $462.29

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $25,292.89 $5,696.00 $436,917.00
2 $24,956.72 $6,032.17 $430,884.84
3 $24,600.71 $6,388.18 $424,496.66
4 $24,223.68 $6,765.20 $417,731.46
5 $23,824.41 $7,164.47 $410,566.99
6 $23,401.57 $7,587.31 $402,979.67
7 $22,953.78 $8,035.11 $394,944.57
8 $22,479.56 $8,509.33 $386,435.24
9 $21,977.35 $9,011.54 $377,423.70
10 $21,445.50 $9,543.39 $367,880.32
11 $20,882.26 $10,106.63 $357,773.69
12 $20,285.78 $10,703.11 $347,070.58
13 $19,654.09 $11,334.79 $335,735.79
14 $18,985.13 $12,003.76 $323,732.04
15 $18,276.68 $12,712.20 $311,019.83
16 $17,526.42 $13,462.46 $297,557.37
17 $16,731.89 $14,257.00 $283,300.38
18 $15,890.46 $15,098.43 $268,201.95
19 $14,999.37 $15,989.52 $252,212.43
20 $14,055.68 $16,933.20 $235,279.23
21 $13,056.31 $17,932.58 $217,346.65
22 $11,997.95 $18,990.93 $198,355.72
23 $10,877.13 $20,111.76 $178,243.96
24 $9,690.16 $21,298.73 $156,945.23
25 $8,433.13 $22,555.75 $134,389.48
26 $7,101.92 $23,886.96 $110,502.52
27 $5,692.14 $25,296.74 $85,205.78
28 $4,199.16 $26,789.72 $58,416.05
29 $2,618.06 $28,370.82 $30,045.23
30 $943.65 $30,045.23 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Melrose District Phoenix, AZ


1500 sqft3900 sqft
Ø selling price$465,991$991,289
Ø fast selling$423,628$892,160
Ø high price sale$508,354$1,090,418

In 2026, houses in Melrose District Phoenix, AZ will be offered at an average price of $268 per square foot. A 1,500 sqft home priced at $465,991 is 22.03% more expensive per square foot than a 3,900 sqft home priced at $991,289. Home prices in Melrose District Phoenix, AZ vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $686,277. Sellers who can wait longer may achieve a higher price of up to $838,783.


Melrose District, Phoenix AZ Neighborhood Guide

Vibe and Location

The Melrose District in Phoenix, AZ is a vibrant Central Phoenix neighborhood centered along 7th Avenue?s famous Melrose Curve. Known for its mid-century modern flair and colorful streetscapes, the area blends historic charm with fresh urban energy.

Shopping and Dining

Shoppers flock to its curated vintage boutiques, retro furniture stores, and eclectic art galleries that define the Melrose brand. Food lovers enjoy independent coffee houses, craft cocktail bars, and locally loved dining spots that line the walkable corridor. Eye-catching murals and neon signage create highly Instagrammable backdrops that showcase Phoenix?s creative scene.

Culture and Homes

The community is proudly LGBTQ+-friendly and hosts the popular Melrose Street Fair, drawing visitors from across the Valley. Distinctive mid-century ranch homes, bungalows, and stylish apartments offer varied housing options close to Downtown and the light rail.

Living and Accessibility

Commuters appreciate easy access to major routes, while cyclists and pedestrians benefit from improved streetscapes and shaded sidewalks. With ongoing small-business growth and revitalization projects, the Melrose District Phoenix remains a hub for local entrepreneurship. Whether you are browsing antiques, grabbing brunch, or exploring nightlife, Melrose delivers an authentic Phoenix neighborhood experience.



FAQ – Home Values in Melrose District Phoenix

What is the median home value in Melrose District Phoenix in 2026?

In 2026, the typical home value in Melrose District Phoenix is about $442,613 for an average home size of 1587 square feet. This corresponds to an average price of roughly $268 per square foot.

What is the average cost per square foot in Melrose District Phoenix?

In 2026, homes in Melrose District Phoenix sell for an average of around $268 per square foot, with a typical range between $254.6 and $281.4 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Melrose District?

The average home size in Melrose District Phoenix is about 1587 square feet, with an estimated 2026 value around $442,613.



Neighborhoods close to Melrose District Phoenix, AZ

Stetson Hills Phoenix, AZ178 $ / ft²
Sunrise Canyon Apache Junction, AZ173 $ / ft²
Acacia Crossings Maricopa, AZ147 $ / ft²
F.Q. Story Historic District Phoenix, AZ264 $ / ft²
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