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Affordable
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These days, finding an affordable place to live in the Melcher area can be challenging. Home prices in Melcher are now at a median cost of $317,400, higher than the Iowa average of $226,062.
The average cost of rent is $614/mo in Melcher, primarily driven by the current value of real estate in the Melcher area. In Melcher, 4.20% of households rent, and 65.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melcher is $9,984 per month. Households that rent pay about 6.15% of their income on rent here. Melcher’s most expensive areas are in the central 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.
Nearby Cities
- Melcher-Dallas, IA: less expensive homes
- Dallas, IA: less expensive homes
- Columbia, IA: less expensive homes
- Newbern, IA: less expensive homes
- Williamson, IA: less expensive homes
- Attica, IA: less expensive homes
- Knoxville, IA: less expensive homes
- Lacona, IA: less expensive homes
- Pershing, IA: less expensive homes
- Weller, IA: less expensive homes
Cities with Similar Populations
- Ardoch, ND: less expensive homes
- Barry, MN: less expensive homes
- Yankton, NE: less expensive homes
- Wintersville, PA: less expensive homes
- Zion, IA: less expensive homes
- Ashly, LA: less expensive homes
- Ashland, WV: less expensive homes
- Arnold, IL: less expensive homes
- Arnheim, MI: less expensive homes
- Armstrong, OK: less expensive homes
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