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These days, finding an affordable place to live in the Melder area can be challenging. Home prices in Melder are now at a median cost of $188,982, lower than the Louisiana average of $235,139.
The average cost of rent is $684/mo in Melder, primarily driven by the current value of real estate in the Melder area. In Melder, 26.27% of households rent, and 53.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melder is $5,287 per month. Households that rent pay about 12.94% of their income on rent here. Melder’s most expensive areas are in the northwestern 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
- Calcasieu, LA: higher priced homes
- Elmer, LA: equally priced homes
- Forest Hill, LA: equally priced homes
- Glenmora, LA: less expensive homes
- McNary, LA: less expensive homes
- Hineston, LA: less expensive homes
- Union Hill, LA: equally priced homes
- Woodworth, LA: higher priced homes
- Midway, LA: less expensive homes
- Sieper, LA: less expensive homes
Cities with Similar Populations
- Rainbow Lake, NY: higher priced homes
- Reece, KS: less expensive homes
- Redland, AR: less expensive homes
- Redbird Smith, OK: less expensive homes
- Red Row, TN: higher priced homes
- Red Apple Orchard, VA: higher priced homes
- Raymond, MT: less expensive homes
- Rathbone, MI: less expensive homes
- Ramona, KS: less expensive homes
- Regal, NC: higher priced homes
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