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 $203,479, higher than the Louisiana average of $194,522.
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 35.12% of residents own their homes outright in Melrose, 56.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melrose is $2,706 per month. Households that rent pay about 27.75% of their income on rent here. Melrose's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Derry, LA: less expensive homes
- Cypress, LA: less expensive homes
- Cloutierville, LA: less expensive homes
- Chopin, LA: equally priced homes
- Montgomery, LA: less expensive homes
- Kadesh, LA: less expensive homes
- Odra, LA: less expensive homes
- Natchez, LA: less expensive homes
- Gorum, LA: less expensive homes
- Provencal, LA: less expensive homes
Cities with Similar Populations
- Zion, MO: less expensive homes
- Arbon, ID: less expensive homes
- Alexandria, MO: less expensive homes
- Alexandria, NH: equally priced homes
- Alice, ND: less expensive homes
- Allenville, IL: equally priced homes
- Anton, CO: less expensive homes
- Pharsalia, NY: less expensive homes
- Pepper, VA: less expensive homes
- Phelan, TX: less expensive homes
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