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Affordable
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These days, finding an affordable place to live in the Melville area can be challenging. Home prices in Melville are now at a median cost of $372,076, lower than the Montana average of $409,886.
The average cost of rent is $1,121/mo in Melville, primarily driven by the current value of real estate in the Melville area. In Melville, 24.92% of households rent, and 45.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melville is $5,736 per month. Households that rent pay about 19.55% of their income on rent here. Melville’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Big Timber, MT: less expensive homes
- Greycliff, MT: equally priced homes
- Twodot, MT: less expensive homes
- Harlowton, MT: less expensive homes
- Springdale, MT: higher priced homes
- Mc Leod, MT: higher priced homes
- Shawmut, MT: less expensive homes
- Wilsall, MT: higher priced homes
- Rapelje, MT: higher priced homes
- Reed Point, MT: higher priced homes
Cities with Similar Populations
- Rea, MO: less expensive homes
- Pleasantview, ID: equally priced homes
- Pocatalico, WV: less expensive homes
- Powersville, MO: less expensive homes
- Predmore, MN: equally priced homes
- Priestley, WV: less expensive homes
- Quanicassee, MI: less expensive homes
- Quarles, MO: less expensive homes
- Rabbit Hash, KY: less expensive homes
- Radersburg, MT: higher priced homes
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