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 $289,654, lower than the Montana average of $298,413.
The average cost of rent is $617/mo in Melrose, primarily driven by the current value of real estate in the Melrose area. While nearly 66.98% of residents own their homes outright in Melrose, 8.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melrose is $3,584 per month. Households that rent pay about 17.22% of their income on rent here. Melrose's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Divide, MT: equally priced homes
- Glen, MT: equally priced homes
- Feely, MT: equally priced homes
- Twin Bridges, MT: equally priced homes
- Silver Star, MT: higher priced homes
- Wise River, MT: equally priced homes
- Floral Park, MT: equally priced homes
- Williamsburg, MT: less expensive homes
- Nissler, MT: equally priced homes
- Polaris, MT: equally priced 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
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