Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Melrose Mercy area can be challenging. Home prices in Melrose Mercy are now at a median cost of $282,250, lower than the St. Petersburg average of $431,991.
The average cost of rent is $1,800/mo in Melrose Mercy, primarily driven by the current value of real estate in the Melrose Mercy area. In Melrose Mercy, 48.01% of households rent, and 35.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melrose Mercy is $4,482 per month. Households that rent pay about 40.17% of their income on rent here. Melrose Mercy’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Highland Oaks, St. Petersburg, FL: less expensive homes
- Methodist Town, St. Petersburg, FL: higher priced homes
- Downtown St Petersburg, St. Petersburg, FL: higher priced homes
- Childs Park, St. Petersburg, FL: less expensive homes
- Historic Uptown, St. Petersburg, FL: higher priced homes
- Westminster Heights, St. Petersburg, FL: equally priced homes
- Coquina Key, St. Petersburg, FL: higher priced homes
- Central Oak Park, St. Petersburg, FL: higher priced homes
- Historic Old Northeast, St. Petersburg, FL: higher priced homes
- Oakwood Gardens, St. Petersburg, FL: higher priced homes
Neighborhoods with Similar Populations
- Rio Lindo, Oxnard, CA: higher priced homes
- Pennington-Prospect, Trenton, NJ: less expensive homes
- Penns Beach, Pennsville, NJ: less expensive homes
- Pill Hill, Chicago, IL: less expensive homes
- Pinewood-West Palm Beach, West Palm Beach, FL: higher priced homes
- Princess Jeanne, Albuquerque, NM: less expensive homes
- Randall Hills, North Aurora, IL: equally priced homes
- Reagan, San Angelo, TX: less expensive homes
- Redwood Village, Redwood City, CA: higher priced homes
- Residence Park, Dayton, OH: less expensive homes
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