Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Melstrand area can be challenging. Home prices in Melstrand are now at a median cost of $148,800, lower than the Michigan average of $196,062.
The average cost of rent is $717/mo in Melstrand, primarily driven by the current value of real estate in the Melstrand area. While nearly 66.00% of residents own their homes outright in Melstrand, 17.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melstrand is $3,667 per month. Households that rent pay about 19.55% of their income on rent here. Melstrand's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
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Cities with Similar Populations
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- Bryce Canyon, UT: higher priced homes
- Brownsmead, OR: higher priced homes
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