Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mellott area can be challenging. Home prices in Mellott are now at a median cost of $133,617, lower than the Indiana average of $175,617.
The average cost of rent is $794/mo in Mellott, primarily driven by the current value of real estate in the Mellott area. While nearly 43.88% of residents own their homes outright in Mellott, 16.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mellott is $6,707 per month. Households that rent pay about 11.83% of their income on rent here. Mellott's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Newtown, IN: equally priced homes
- Hillsboro, IN: less expensive homes
- Wingate, IN: less expensive homes
- Veedersburg, IN: less expensive homes
- Waynetown, IN: less expensive homes
- Elmdale, IN: less expensive homes
- Aylesworth, IN: equally priced homes
- Odell, IN: higher priced homes
- New Richmond, IN: less expensive homes
- Rob Roy, IN: equally priced homes
Cities with Similar Populations
- North Greenwich, NY: higher priced homes
- New Glasgow, VA: higher priced homes
- New Gottland, KS: higher priced homes
- New Harmony, OH: equally priced homes
- New Hartford, MN: higher priced homes
- New Holland Crossroads, SC: equally priced homes
- New Home, TX: higher priced homes
- New Millport, PA: equally priced homes
- Nonesuch, KY: higher priced homes
- North Bradford, ME: equally priced homes
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