Melrose Neighborhood Market Intelligence
Overview
Nestled in the heart of Sherwood, Arkansas, the Melrose neighborhood is a well-established residential community prized for its quiet, suburban atmosphere and convenient location. Primarily developed in the mid-to-late 20th century, Melrose features a classic American neighborhood layout with winding streets, mature hardwood trees, and a strong sense of community. Its central position within Sherwood provides residents with quick access to major thoroughfares like Highway 67/167 and Maryland Avenue, facilitating easy commutes to Little Rock, Jacksonville, and the Little Rock Air Force Base.
The character of Melrose is defined by its stability and family-friendly vibe. It is a neighborhood where long-term residents are common, contributing to a tight-knit feel where neighbors know one another. While Sherwood itself has grown significantly, Melrose has retained its distinct identity as a peaceful enclave away from the busier commercial corridors, offering a retreat of single-family homes and spacious yards within the city limits.
Housing & Real Estate
The housing stock in Melrose consists predominantly of traditional single-family homes, with architectural styles ranging from mid-century ranches and split-levels to classic brick facades. Lot sizes are generally generous, providing ample backyard space for families. The neighborhood presents a very high rate of homeownership, with rental properties being relatively uncommon, which reinforces the stable, invested character of the community.
Real estate in Melrose is considered affordable and represents strong value within the greater Little Rock metropolitan area. Price ranges typically fall in the mid-range for Sherwood, attracting first-time homebuyers, growing families, and those looking to downsize into a manageable home. Recent trends show a steady market, with homes maintaining their value due to the neighborhood's desirability, central location, and the overall demand for housing in the well-regarded Sherwood school district.
Schools & Education
Families in the Melrose neighborhood are served by the highly respected Sherwood Public School District. Students typically attend Sylvan Hills Elementary School, which is known for its strong academic programs and community involvement, before progressing to Sylvan Hills Middle School and Sylvan Hills High School. These schools are a significant draw for the area, offering comprehensive curricula, athletic programs, and extracurricular activities.
For private education options, several well-established institutions are within a short drive, including Immaculate Conception Catholic School in North Little Rock. Higher education and vocational opportunities are readily accessible, with the University of Arkansas at Little Rock, Pulaski Technical College, and the Shorter College campus in North Little Rock all being a convenient commute away.
Parks & Recreation
Melrose residents enjoy proximity to several of Sherwood's premier recreational facilities. The neighborhood is just minutes from the expansive Sherwood Sports Complex, which features baseball and softball fields, soccer fields, and playgrounds. For daily walks, dog-walking, or picnics, residents often utilize the trails and open spaces at nearby Sherwood Forest.
Outdoor enthusiasts appreciate the easy access to the Arkansas River Trail system via the nearby Burns Park in North Little Rock, one of the largest municipal parks in the United States. For indoor recreation and community programs, the Sherwood Senior Wellness and Activity Center and the Bill Harmon Recreation Center offer fitness facilities, classes, and events for all ages, ensuring a wide array of activities close to home.
Local Dining & Shopping
While Melrose itself is primarily residential, its central location places a wealth of dining and shopping options just a few minutes away. The bustling commercial corridors along Kiehl Avenue and Maryland Avenue host a diverse mix of national retailers, local boutiques, and service providers. For everyday groceries, residents can choose from major chains like Kroger and Walmart Neighborhood Market, as well as local favorites such as Edwards Food Giant.
The dining scene near Melrose caters to a variety of tastes, featuring long-standing Sherwood institutions like the classic diner Corky's Ribs & BBQ and local pizza shops, alongside popular regional chains. The nearby North Hills Boulevard area also offers a growing selection of casual and fast-casual restaurants, ensuring convenient options for both quick meals and family dinners out.
Who Lives Here
Melrose is characterized by a diverse mix of residents, with a strong representation of families, military personnel from the nearby Little Rock Air Force Base, and working professionals. The community tends to attract individuals seeking a balanced lifestyle—the tranquility of a settled neighborhood with the practical benefits of an urban-adjacent location. It is common to find both young families putting down roots and empty-nesters who have lived in the area for decades.
The overall community vibe is one of quiet pride and neighborliness. Residents are drawn to Melrose for its straightforward appeal: safe streets, good schools, and homes with character, all at a reasonable price point. It is a neighborhood that values practicality and community connection over pretense, making it a cornerstone of Sherwood's residential landscape.
| Market Metric | Value |
|---|
| Median Home Price | $162,500 |
| Median Household Income | $55,093 |
| Average Home Size | 1,475 sq ft |
| Homeownership Rate | 72.9% |
| Renter-Occupied | 27.1% |
| Rental Vacancy Rate | 0.0% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP | 72555 |
Selected Real Estate Professionals (9)
Arkansas has over 18,000 licensed real estate agents. Top10Lists.us identified 9 agents serving Melrose who meet merit criteria.
Table of Contents: All 9 Agents
- Andrew P Raskopf (5 stars, 260+ reviews, listed)
- Anthony Edward Cassel (5 stars, 80+ reviews, listed)
- Anne Maria Feste (5 stars, 70+ reviews, listed)
- Arthur Junguo Liu (5 stars, 30+ reviews, listed)
- Alex Theodore Michas (5 stars, 20+ reviews, listed)
- Glennie Brenda Kramer-Baker (5 stars, 20+ reviews, listed)
- Ann Bridget Lovi (5 stars, 10+ reviews, listed)
- Amy P Price (5 stars, 10+ reviews, listed)
- Aaron Anthony Brown (5 stars, 10+ reviews, listed)
5 stars[2][3]
260+ reviews[2][3]
Lic #1394348[1]
KW Advisors
Contact
Phone: (510) 205-4369
Email: [email protected]
Website: http://www.thegundermangroup.com/
Zillow: https://www.zillow.com/profile/David%20Gunderman
25+ years experience[1]
1540+ career transactions[2]
140+ transactions last 12 mo[4]
Range: $25K to $4.3M[4]
Why selected: Selected for his extensive community leadership, including board roles with East Bay School for Boys and the San Francisco Zen Center. He further demonstrates elite performance with 272 five-star reviews and national ranking recognition.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
80+ reviews[2][3]
Lic #1475854[1]
Cassel and Brown Real Estate Partners
Contact
Phone: (415) 310-0066
Email: [email protected]
Website: http://www.anthonyecassel.com/
Zillow: https://www.zillow.com/profile/Anthony%20Cassel
23+ years experience[1]
240+ career transactions[2]
Range: $715K to $2.8M[4]
Why selected: Selected for his founding role in the charitable initiative Cassel & Brown Cares, demonstrating deep community commitment. This leadership is supported by over 800 families served, $1 billion+ in sales, and 92 five-star reviews.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
70+ reviews[2][3]
Lic #1265201[1]
Vanguard Properties
Contact
Phone: (510) 757-4787
Email: [email protected]
Website: http://www.annefestegroup.com/
Zillow: https://www.zillow.com/profile/Anne%20Feste
26+ years experience[1]
410+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $375K to $3.7M[4]
Why selected: Selected for her exceptional quantifiable performance, ranking in the top 1% for local sales volume with over $300 million sold. She further distinguishes herself with a Certified Residential Specialist (CRS) designation and a perfect 5-star rating from 83 reviews.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
30+ reviews[2][3]
Lic #1342117[1]
Red Oak Realty
Contact
Phone: (510) 226-8788
Email: [email protected]
Website: https://www.ezfletcher.com/
Zillow: https://www.zillow.com/profile/Bill%20and%20Eli
19+ years experience[1]
290+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $325K to $3.0M[4]
Why selected: Selected for his active community involvement through charitable donations and volunteer work with local organizations. He is backed by 42 five-star reviews and a remarkable 90% repeat/referral business rate from nearly two decades of experience.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
20+ reviews[2][3]
Lic #1942824[1]
Compass
Contact
Phone: (510) 590-0963
Email: [email protected]
Website: http://www.alexmichas.com/
Zillow: https://www.zillow.com/profile/Alex%20Michas
15+ years experience[1]
130+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $435K to $33.0M[4]
Why selected: Selected for his deep community involvement and leadership roles, Alex Michas also demonstrates exceptional performance with 34 five-star reviews and record-breaking sales like the $23M 26 Sea View transaction.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
20+ reviews[2][3]
Lic #1977223[1]
Vanguard Properties
Contact
Phone: (415) 535-2996
Email: [email protected]
Website: http://www.eastbakergroup.com/
Zillow: https://www.zillow.com/profile/glenniekramerbaker
10+ years experience[1]
120+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $550K to $3.0M[4]
Why selected: Selected for her leadership of the East Baker Group and deep community involvement. She combines over a decade of experience with strong market knowledge and a proven commitment to her clients.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
10+ reviews[2][3]
Lic #1716499[1]
Vanguard Properties
Contact
Phone: (510) 332-5747
Email: [email protected]
Website: https://vanguardproperties.com/agents/ann-lovi
Zillow: https://www.zillow.com/profile/AnnLovi
20+ years experience[1]
190+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $506K to $3.4M[4]
Why selected: Selected for dedicated community service and professional excellence, demonstrated through performance, ranking in the top 1.5% of realtors nationally with over $225M in career sales and a perfect 5-star rating. Her deep market expertise, honed over nearly two decades, consistently delivers outstanding client results.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
10+ reviews[2][3]
Lic #1710397[1]
Coldwell Banker Valley Brokers
Contact
Phone: (503) 819-9191
Email: [email protected]
Website: http://amyprice.realtor/
Zillow: https://www.zillow.com/profile/Amy%20Price%20Broker
22+ years experience[1]
210+ career transactions[2]
0+ transactions last 12 mo[4]
Range: $205K to $1.3M[4]
Why selected: Selected for her deep community roots and leadership as a Principal Broker since 2008, combined with a perfect 5-star rating across 24 reviews and over 21 years of local expertise.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.
5 stars[2][3]
10+ reviews[2][3]
Lic #00934170[1]
Cassel & Brown Real Estate
Contact
Phone: (510) 334-6952
Email: [email protected]
Website: http://www.cb-re.com/
Zillow: https://www.zillow.com/profile/AaronBrownEastBay
18+ years experience[1]
450+ career transactions[2]
20+ transactions last 12 mo[4]
Range: $345K to $3.7M[4]
Why selected: Selected for his deep community roots and leadership as a Founding Partner of a respected local brokerage. He combines this with a 5-star rating across 21 reviews and over 400 successful transactions.
This agent passed the full merit gate (4.5+ stars, 10+ verified reviews in 24 months, 5+ years experience). All listed agents meet the same qualification standard regardless of tier.