Melrose Park is an unincorporated section of Cheltenham Township, Pennsylvania on the Philadelphia city line. It is bordered to the south by Cheltenham Avenue, to the west by Old York Road, to the east by New Second Street and to the north by Ashbourne Road.
Most homes in Melrose Park are owner-occupied, so it is comforting to have the stability of neighbors that will be there year in, year out. This vicinity is known for having a very large concentration of college-educated people. Many ladies enjoy living their lives in Melrose Park, to the point where they outnumber the male residents quite considerably. Publicly available information indicates that those living in this city earn more than average.
In Melrose Park, the average listing price dropped slightly to $262,316 this year from a previous $266,985 seen last year.