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 $108,734, lower than the Texas average of $235,268.
The average cost of rent is $721/mo in Melrose, primarily driven by the current value of real estate in the Melrose area. While nearly 66.79% of residents own their homes outright in Melrose, 13.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melrose is $6,063 per month. Households that rent pay about 11.88% of their income on rent here. Melrose's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Attoyac, TX: higher priced homes
- Swift, TX: equally priced homes
- Chireno, TX: less expensive homes
- Woden, TX: equally priced homes
- Grigsby, TX: higher priced homes
- Orton Hill, TX: equally priced homes
- Martinsville, TX: higher priced homes
- Nacogdoches, TX: higher priced homes
- Norwood, TX: less expensive homes
- Davisville, TX: higher priced homes
Cities with Similar Populations
- Kirby, AR: equally priced homes
- Sherwood, MS: less expensive homes
- Matthews, GA: higher priced homes
- Lakeport, FL: equally priced homes
- Ladora, IA: higher priced homes
- La Tour, MO: higher priced homes
- Kunkle, PA: higher priced homes
- Knifley, KY: less expensive homes
- Kistler, PA: higher priced homes
- Sidell, IL: less expensive homes
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