The Most Affordable Neighborhoods in Melcher-Dallas, IA by Home Value

These days, finding an affordable place to live in the Melcher-Dallas area can be challenging. Home prices in Melcher-Dallas are now at a median cost of $110,149, lower than the Iowa average of $226,062.

The average cost of rent is $765/mo in Melcher-Dallas, primarily driven by the current value of real estate in the Melcher-Dallas area. In Melcher-Dallas, 18.36% of households rent, and 46.16% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Melcher-Dallas is $4,996 per month. Households that rent pay about 15.32% of their income on rent here. Melcher-Dallas’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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