Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Melrude area can be challenging. Home prices in Melrude are now at a median cost of $138,100, lower than the Minnesota average of $269,934.
The average cost of rent is $820/mo in Melrude, primarily driven by the current value of real estate in the Melrude area. While nearly 53.28% of residents own their homes outright in Melrude, 4.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melrude is $5,828 per month. Households that rent pay about 14.06% of their income on rent here. Melrude's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Cotton, MN: higher priced homes
- Makinen, MN: higher priced homes
- Zim, MN: equally priced homes
- Markham, MN: higher priced homes
- Forbes, MN: less expensive homes
- Genoa, MN: higher priced homes
- Payne, MN: higher priced homes
- Palo, MN: equally priced homes
- Iron Junction, MN: higher priced homes
- Eveleth, MN: higher priced homes
Cities with Similar Populations
- Reaville, NJ: higher priced homes
- North Lubec, ME: higher priced homes
- North Newcastle, ME: higher priced homes
- North Orland, ME: higher priced homes
- Nysted, NE: equally priced homes
- Ohlman, IL: less expensive homes
- Pyriton, AL: less expensive homes
- Rachal, TX: less expensive homes
- Raeville, NE: equally priced homes
- Raleigh, GA: equally priced homes
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