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 $139,914, lower than the Georgia average of $231,203.
The average cost of rent is $751/mo in Melrose, primarily driven by the current value of real estate in the Melrose area. While nearly 67.35% of residents own their homes outright in Melrose, 31.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melrose is $4,138 per month. Households that rent pay about 18.14% of their income on rent here. Melrose's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Lake Park, GA: higher priced homes
- Statenville, GA: less expensive homes
- Jennings, FL: less expensive homes
- Dasher, GA: higher priced homes
- Clyattville, GA: higher priced homes
- Jasper, FL: less expensive homes
- Little Miami, GA: less expensive homes
- Pinetta, FL: equally priced homes
- Hanson, FL: equally priced homes
- Haylow, GA: less expensive homes
Cities with Similar Populations
- Rimini, SC: equally priced homes
- Mountain Home, UT: higher priced homes
- Mountain Top, AR: less expensive homes
- Munsell, MO: higher priced homes
- Myers, KY: less expensive homes
- Niagara, KY: higher priced homes
- Nile, WA: higher priced homes
- Norwood Hollow, NC: higher priced homes
- Renner Corner, SD: higher priced homes
- Ribot, PA: less expensive homes
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