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 $553,296, lower than the Oakland average of $733,779.
The average cost of rent is $1,499/mo in Melrose, primarily driven by the current value of real estate in the Melrose area. While nearly 18.11% of residents own their homes outright in Melrose, 60.44% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melrose is $5,471 per month. Households that rent pay about 27.40% of their income on rent here. Melrose's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Nearby Neighborhoods
- Seminary, Oakland, CA: higher priced homes
- Coliseum, Oakland, CA: less expensive homes
- Fruitvale Station, Oakland, CA: equally priced homes
- Allendale, Oakland, CA: higher priced homes
- Laurel, Oakland, CA: equally priced homes
- Fitchburg, Oakland, CA: less expensive homes
- Upper Laurel, Oakland, CA: higher priced homes
- Arroyo Viejo, Oakland, CA: less expensive homes
- Jingletown, Oakland, CA: higher priced homes
- Fernside, Alameda, CA: higher priced homes
Neighborhoods with Similar Populations
- Auburn Gresham, Chicago, IL: less expensive homes
- Huntridge, Las Vegas, NV: less expensive homes
- Potrero, San Francisco, CA: higher priced homes
- Orangecrest, Riverside, CA: equally priced homes
- North Sutton Area, Manhattan, NY: higher priced homes
- North Creek, Bothell, WA: equally priced homes
- Merrlam Park, St. Paul, MN: less expensive homes
- Lakeview, Stockton, CA: less expensive homes
- Lakeshore, San Francisco, CA: higher priced homes
- Kenwood, Chicago, IL: less expensive homes
All Local Stats
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