Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Melrose-Rugby area can be challenging. Home prices in Melrose-Rugby are now at a median cost of $133,758, lower than the Roanoke average of $241,349.
The average cost of rent is $1,107/mo in Melrose-Rugby, primarily driven by the current value of real estate in the Melrose-Rugby area. In Melrose-Rugby, 37.99% of households rent, and 39.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melrose-Rugby is $3,855 per month. Households that rent pay about 28.72% of their income on rent here. Melrose-Rugby’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Roundhill, Roanoke, VA: higher priced homes
- Williamson Road, Roanoke, VA: equally priced homes
- Raleigh Court, Roanoke, VA: higher priced homes
- Preston Park, Roanoke, VA: higher priced homes
- Belmont, Roanoke, VA: less expensive homes
- Colonial Avenue Area, Roanoke, VA: higher priced homes
- South Roanoke, Roanoke, VA: higher priced homes
- Kabrich Crescent, Blacksburg, VA: higher priced homes
- Hethwood-Prices Fork, Blacksburg, VA: higher priced homes
- Bedford Hills, Lynchburg, VA: higher priced homes
Neighborhoods with Similar Populations
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- Las Palmas, San Antonio, TX: less expensive homes
- Harris Branch, Austin, TX: higher priced homes
- Boca Teeca, Boca Raton, FL: higher priced homes
- Confederate Point, Jacksonville, FL: higher priced homes
- Downtown Bradenton, Bradenton, FL: higher priced homes
- West Osbornsville, Brick, NJ: higher priced homes
- West Amityville, East Massapequa, NY: higher priced homes
- Wasatch Hollow, Salt Lake City, UT: higher priced homes
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