Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Melrose area can be challenging. Home prices in Melrose are now at a median cost of $160,086, lower than the Florida average of $278,762.
The average cost of rent is $858/mo in Melrose, primarily driven by the current value of real estate in the Melrose area. While nearly 45.39% of residents own their homes outright in Melrose, 11.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melrose is $4,707 per month. Households that rent pay about 18.24% of their income on rent here. Melrose's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Grandin, FL: less expensive homes
- Earleton, FL: higher priced homes
- Keystone Heights, FL: less expensive homes
- Orange Heights, FL: less expensive homes
- Theressa, FL: less expensive homes
- Rex, FL: higher priced homes
- Florahome, FL: less expensive homes
- Waldo, FL: less expensive homes
- Interlachen, FL: less expensive homes
- Hampton, FL: less expensive homes
Cities with Similar Populations
- Pardeeville, WI: higher priced homes
- Perry, OH: higher priced homes
- Perry, NY: less expensive homes
- Perry, MI: higher priced homes
- Perkiomenville, PA: higher priced homes
- Perkinston, MS: less expensive homes
- Perham, MN: higher priced homes
- Pepper Pike, OH: higher priced homes
- Peotone, IL: higher priced homes
- Pen Argyl, PA: higher priced homes
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