Affordable
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 $96,791, lower than the Roanoke average of $195,414.
The average cost of rent is $942/mo in Melrose-Rugby, primarily driven by the current value of real estate in the Melrose-Rugby area. While nearly 47.68% of residents own their homes outright in Melrose-Rugby, 30.17% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melrose-Rugby is $3,708 per month. Households that rent pay about 25.40% of their income on rent here. Melrose-Rugby's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the neighborhood.
Nearby Neighborhoods
- Roundhill, Roanoke, VA: higher priced homes
- Williamson Road, Roanoke, VA: higher 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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- 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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