Expensive
Affordable
Affordable
Colorblind friendly
off
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 $346,291, lower than the Montana average of $409,886.
The average cost of rent is $836/mo in Melrose, primarily driven by the current value of real estate in the Melrose area. In Melrose, 14.42% of households rent, and 55.12% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melrose is $5,580 per month. Households that rent pay about 14.98% of their income on rent here. Melrose’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Divide, MT: higher priced homes
- Glen, MT: equally priced homes
- Feely, MT: higher priced homes
- Twin Bridges, MT: higher priced homes
- Silver Star, MT: higher priced homes
- Wise River, MT: equally priced homes
- Floral Park, MT: higher priced homes
- Williamsburg, MT: equally priced homes
- Nissler, MT: higher priced homes
- Polaris, MT: less expensive homes
Cities with Similar Populations
- Toad Hop, IN: less expensive homes
- Bear Grass, NC: less expensive homes
- Bear Mountain, NY: higher priced homes
- Beaver, KS: less expensive homes
- Yukon, WV: less expensive homes
- Bedrock, CO: less expensive homes
- Youngtown, ME: equally priced homes
- Belmont, WA: less expensive homes
- Benge, WA: less expensive homes
- Bentree, WV: less expensive homes
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren’t able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood