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Melrose, NB

Updated: May 2015
House
Median price $129,900
Monthly growth 0.00 %
Quarterly trend
Stock on market 0.17%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Melrose Home Price

Melrose was Canada’s 4351th most expensive suburb by listed median house price this month.

In May the median listed house price of $129,900 in Melrose was a below average compared to the rest of New Brunswick.

Across New Brunswick Melrose has the 290th most properties on offer with 416.

When we look at the data we have, it can help with trying to establish whether or not Melrose is a good investment target.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Melrose there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Will prices rise across the next year in in Melrose? There are a number of real estate indicators to consider.

In Melrose, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Find a mortgage broker in Melrose, NB
Demographics
  • Population in 20111074
  • Population in 20061203
  • 2006 to 2011 population change (%)-10.7
  • Total private dwellings1160
  • Private dwellings occupied by usual residents490
  • Population density per square kilometre3.5
  • Land area (square km)304

Age Characteristics

Total population by age groups 1075
0 to 4 years 30
5 to 9 years 35
10 to 14 years 45
15 to 19 years 60
15 years 0
16 years 15
17 years 20
18 years 20
19 years 10
20 to 24 years 60
25 to 29 years 35
30 to 34 years 20
35 to 39 years 35
40 to 44 years 45
45 to 49 years 100
50 to 54 years 100
55 to 59 years 100
60 to 64 years 115
65 to 69 years 85
70 to 74 years 95
75 to 79 years 55
80 to 84 years 25
85 years and over 25
Median age of the population 53.7
% of the population aged 15 and over 89.6

Marital Status

Total population 15 years and over by marital status 965
Married or living with a common-law partner 630
Married (and not separated) 545
Living common-law 80
Not married and not living with a common-law partner 340
Single (never legally married) 190
Separated 25
Divorced 55
Widowed 70

Family Characteristics

Total number of census families in private households 350
Size of census family: 2 persons 235
Size of census family: 3 persons 60
Size of census family: 4 persons 40
Size of census family: 5 or more persons 15
Total number of census families in private households 355
Total couple families by family structure and number of children 315
Married couples 275
Without children at home 185
With children at home 85
1 child 40
2 children 30
3 or more children 10
Common-law couples 40
Without children at home 25
With children at home 20
1 child 10
2 children 5
3 or more children 0
Total lone-parent families by sex of parent and number of children 45
Female parent 30
1 child 20
2 children 10
3 or more children 0
Male parent 15
1 child 10
2 children 0
3 or more children 0
Total children in census families in private households 230
Under six years of age 40
6 to 14 years 65
15 to 17 years 30
18 to 24 years 65
25 years and over 25
Average number of children at home per census family 0.6

Household And Dwelling Characteristics

Total number of persons in private households 1070
Number of persons not in census families 180
Living with relatives 25
Living with non-relatives only 25
Living alone 130
Number of census family persons 890
Average number of persons per census family 2.5
Total number of persons 65 years and over in private households 285
Number of persons not in census families aged 65 years and over 85
Living with relatives 10
Living with non-relatives only 10
Living alone 70
Number of census family persons aged 65 years and over 200
Total number of private households by household type 490
Census-family households 350
One-family-only households 330
Couple-family households 295
Without children 195
With children 100
Lone-parent-family households 35
Other family households 20
One-family households with persons not in a census family 15
Couple-family households 10
Without children 5
With children 5
Lone-parent-family households 0
Two-or-more-family households 5
Non-census-family households 140
One-person households 130
Two-or-more-person households 15
Total number of occupied private dwellings by structural type of dwelling 490
Single-detached house 485
Apartment, building that has five or more storeys 0
Movable dwelling 5
Other dwelling 0
Semi-detached house 0
Row house 0
Apartment, duplex 5
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 490
1 person 130
2 persons 230
3 persons 65
4 persons 45
5 persons 15
6 or more persons 5
Number of persons in private households 1075
Average number of persons in private households 2.2

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