Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Meldrum area can be challenging. Home prices in Meldrum are now at a median cost of $58,367, lower than the Kentucky average of $164,895.
The average cost of rent is $369/mo in Meldrum, primarily driven by the current value of real estate in the Meldrum area. While nearly 65.48% of residents own their homes outright in Meldrum, 47.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Meldrum is $1,919 per month. Households that rent pay about 19.25% of their income on rent here. Meldrum's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Middlesboro, KY: higher priced homes
- Colmar, KY: less expensive homes
- Clear Creek Springs, KY: higher priced homes
- Hutch, KY: less expensive homes
- East Pineville, KY: higher priced homes
- Wasioto, KY: higher priced homes
- Cumberland Gap, TN: higher priced homes
- Varilla, KY: higher priced homes
- Harrogate, TN: higher priced homes
- Gibson Station, VA: higher priced homes
Cities with Similar Populations
- Ranchos Penitas West, TX: higher priced homes
- New Blaine, AR: higher priced homes
- New Buffalo, OH: higher priced homes
- New Rome, WI: higher priced homes
- Newark, IN: higher priced homes
- Old Du Quoin, IL: higher priced homes
- Oral Lake, WV: higher priced homes
- Provident City, TX: higher priced homes
- Rainey, MS: higher priced homes
- Ramey, MN: higher priced homes
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