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 $590,906, higher than the Nashville average of $313,471.
The average cost of rent is $1,632/mo in Melrose, primarily driven by the current value of real estate in the Melrose area. While nearly 25.16% of residents own their homes outright in Melrose, 51.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melrose is $7,584 per month. Households that rent pay about 21.52% of their income on rent here. Melrose's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the neighborhood.
Nearby Neighborhoods
- Bellmont Hillsboro, Nashville, TN: higher priced homes
- Edgehill, Nashville, TN: higher priced homes
- Midtown-Nashville, Nashville, TN: less expensive homes
- Hillsboro West End, Nashville, TN: higher priced homes
- Southside, Nashville, TN: less expensive homes
- The Gulch, Nashville, TN: less expensive homes
- Vanderbilt-West End, Nashville, TN: less expensive homes
- Woodbine, Nashville, TN: less expensive homes
- Green Hills, Nashville, TN: higher priced homes
- Downtown Nashville, Nashville, TN: less expensive homes
Neighborhoods with Similar Populations
- 25th Street, Ogden, UT: less expensive homes
- Idlewild South, Charlotte, NC: less expensive homes
- Hamilton Main Street Historic District, Hamilton, OH: less expensive homes
- Gross Point, Wilmette, IL: higher priced homes
- Sierra Springs, San Antonio, TX: less expensive homes
- South Bay, Eureka, CA: less expensive homes
- South Main, Houston, TX: less expensive homes
- Columbia Street Waterfront District, Brooklyn, NY: higher priced homes
- South Park, Buffalo, NY: less expensive homes
- Bryn Mawr, Yonkers, NY: less expensive homes
All Local Stats
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