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Affordable
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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 $149,123, lower than the Indiana average of $232,932.
The average cost of rent is $766/mo in Mellott, primarily driven by the current value of real estate in the Mellott area. In Mellott, 10.37% of households rent, and 37.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mellott is $8,601 per month. Households that rent pay about 8.90% of their income on rent here. Mellott’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
- Newtown, IN: higher priced homes
- Hillsboro, IN: equally priced homes
- Wingate, IN: equally priced homes
- Veedersburg, IN: equally priced homes
- Waynetown, IN: equally priced homes
- Elmdale, IN: higher priced homes
- Aylesworth, IN: higher priced homes
- Odell, IN: higher priced homes
- New Richmond, IN: higher priced homes
- Rob Roy, IN: higher 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: higher priced homes
- New Hartford, MN: higher priced homes
- New Holland Crossroads, SC: equally priced homes
- New Home, TX: higher priced homes
- New Millport, PA: less expensive homes
- Nonesuch, KY: higher priced homes
- North Bradford, ME: higher priced homes
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