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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 $862,003, higher than the New York average of $610,895.
The average cost of rent is $3,112/mo in Melville, primarily driven by the current value of real estate in the Melville area. In Melville, 11.65% of households rent, and 45.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melville is $15,130 per month. Households that rent pay about 20.57% of their income on rent here. Melville’s most expensive areas are in the western 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
- South Huntington, NY: less expensive homes
- Old Bethpage, NY: equally priced homes
- Wyandanch, NY: less expensive homes
- Huntington Station, NY: less expensive homes
- Dix Hills, NY: equally priced homes
- Woodbury, NY: higher priced homes
- Plainview, NY: less expensive homes
- East Farmingdale, NY: less expensive homes
- Deer Park, NY: less expensive homes
- Farmingdale, NY: less expensive homes
Cities with Similar Populations
- Ansonia, CT: less expensive homes
- Bull Run, VA: less expensive homes
- Batavia, NY: less expensive homes
- Baldwin, PA: less expensive homes
- Bainbridge, GA: less expensive homes
- Avon, CT: less expensive homes
- Athens, TX: less expensive homes
- Bayou Cane, LA: less expensive homes
- Arcadia, FL: less expensive homes
- Anna, TX: less expensive homes
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