Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Melrose Park area can be challenging. Home prices in Melrose Park are now at a median cost of $375,527, lower than the Fort Lauderdale average of $566,029.
The average cost of rent is $2,170/mo in Melrose Park, primarily driven by the current value of real estate in the Melrose Park area. In Melrose Park, 24.88% of households rent, and 19.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melrose Park is $5,897 per month. Households that rent pay about 36.80% of their income on rent here. Melrose Park’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Melrose Manors, Fort Lauderdale, FL: equally priced homes
- Sunset, Fort Lauderdale, FL: higher priced homes
- Broadview Park, Fort Lauderdale, FL: equally priced homes
- Riverside Park, Fort Lauderdale, FL: higher priced homes
- Durrs Homeowners, Fort Lauderdale, FL: less expensive homes
- Dorsey-Riverbend, Fort Lauderdale, FL: less expensive homes
- River Oaks, Fort Lauderdale, FL: higher priced homes
- Edgewood, Fort Lauderdale, FL: higher priced homes
- Tarpon River, Fort Lauderdale, FL: higher priced homes
- Lauderdale Manors, Fort Lauderdale, FL: less expensive homes
Neighborhoods with Similar Populations
- Adams, Huntington Beach, CA: higher priced homes
- West River, New Haven, CT: less expensive homes
- Blue Oaks, Roseville, CA: higher priced homes
- Brookside Glen, Chicago, IL: less expensive homes
- Westcott, Syracuse, NY: less expensive homes
- Bayside, Queens, NY: higher priced homes
- Bayou Oaks, Sarasota, FL: less expensive homes
- Brunswick, Gary, IN: less expensive homes
- Ventura, Orlando, FL: less expensive homes
- Barron Park, Palo Alto, CA: higher priced homes
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