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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 $233,164, lower than the Wisconsin average of $280,373.
The average cost of rent is $867/mo in Melrose, primarily driven by the current value of real estate in the Melrose area. In Melrose, 16.85% of households rent, and 41.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melrose is $6,402 per month. Households that rent pay about 13.55% of their income on rent here. Melrose’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- North Bend, WI: higher priced homes
- Mindoro, WI: higher priced homes
- Cataract, WI: equally priced homes
- Disco, WI: higher priced homes
- Shamrock, WI: equally priced homes
- Taylor, WI: equally priced homes
- Stevenstown, WI: higher priced homes
- Hegg, WI: equally priced homes
- Ettrick, WI: equally priced homes
- Black River Falls, WI: less expensive homes
Cities with Similar Populations
- Kensett, AR: less expensive homes
- Southside Place, TX: higher priced homes
- Marshallville, GA: less expensive homes
- Magazine, AR: less expensive homes
- Absarokee, MT: higher priced homes
- Livonia, LA: equally priced homes
- Levittown, PR: less expensive homes
- Laguna, NM: less expensive homes
- Kingman, IN: less expensive homes
- Spangle, WA: higher priced homes
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