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Affordable
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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 $161,976, lower than the Louisiana average of $235,139.
The average cost of rent is $622/mo in Melrose, primarily driven by the current value of real estate in the Melrose area. In Melrose, 18.98% of households rent, and 52.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melrose is $8,421 per month. Households that rent pay about 7.38% of their income on rent here. Melrose’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Derry, LA: less expensive homes
- Cypress, LA: higher priced homes
- Cloutierville, LA: less expensive homes
- Chopin, LA: less expensive homes
- Montgomery, LA: less expensive homes
- Kadesh, LA: less expensive homes
- Odra, LA: less expensive homes
- Natchez, LA: higher priced homes
- Gorum, LA: less expensive homes
- Provencal, LA: equally priced homes
Cities with Similar Populations
- Zion, MO: equally priced homes
- Arbon, ID: higher priced homes
- Alexandria, MO: less expensive homes
- Alexandria, NH: higher priced homes
- Alice, ND: higher priced homes
- Allenville, IL: higher priced homes
- Anton, CO: higher priced homes
- Pharsalia, NY: less expensive homes
- Pepper, VA: higher priced homes
- Phelan, TX: higher priced homes
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