Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Melton area can be challenging. Home prices in Melton are now at a median cost of $178,531, lower than the Virginia average of $323,261.
The average cost of rent is $827/mo in Melton, primarily driven by the current value of real estate in the Melton area. While nearly 18.20% of residents own their homes outright in Melton, 21.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melton is $5,990 per month. Households that rent pay about 13.80% of their income on rent here. Melton's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Green Springs, VA: equally priced homes
- Gordonsville, VA: higher priced homes
- Madison Run, VA: higher priced homes
- Waldrop, VA: higher priced homes
- Blue Ridge Shores, VA: higher priced homes
- Lindsay, VA: higher priced homes
- Thelma, VA: higher priced homes
- Orange, VA: higher priced homes
- Montpelier Station, VA: higher priced homes
- Ellisville, VA: higher priced homes
Cities with Similar Populations
- Log Cabin, TX: less expensive homes
- Ridgeside, TN: higher priced homes
- Reynard, TX: equally priced homes
- Reed, KY: less expensive homes
- Quaker Springs, NY: higher priced homes
- Lost Nation, IA: less expensive homes
- Long Lake, NY: higher priced homes
- Long Lake, MI: less expensive homes
- Lone Mountain, TN: less expensive homes
- Lohrville, WI: less expensive homes
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