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 $134,075, lower than the Pennsylvania average of $222,630.
The average cost of rent is $841/mo in Melrose, primarily driven by the current value of real estate in the Melrose area. While nearly 53.71% of residents own their homes outright in Melrose, 29.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melrose is $3,855 per month. Households that rent pay about 21.81% of their income on rent here. Melrose's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Starrucca, PA: higher priced homes
- North Jackson, PA: higher priced homes
- Lanesboro, PA: less expensive homes
- Susquehanna Depot, PA: less expensive homes
- Susquehanna, PA: higher priced homes
- Oakland, PA: less expensive homes
- Thompson, PA: higher priced homes
- Brushville, PA: equally priced homes
- Shehawken, PA: higher priced homes
- Lakeview, PA: higher priced homes
Cities with Similar Populations
- Ninole, HI: higher priced homes
- North Dorset, VT: higher priced homes
- North Danville, VT: higher priced homes
- North Bush, NY: equally priced homes
- North Blenheim, NY: less expensive homes
- North Avondale, CO: higher priced homes
- North Auburn, OH: less expensive homes
- Norris, MT: higher priced homes
- Nirvana, MI: less expensive homes
- North Edgecomb, ME: higher priced homes
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