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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 $590,200, higher than the Oregon average of $502,078.
The average cost of rent is $1,267/mo in Melville, primarily driven by the current value of real estate in the Melville area. In Melville, 38.69% of households rent, and 30.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melville is $7,472 per month. Households that rent pay about 16.96% of their income on rent here. Melville’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Miles Crossing, OR: higher priced homes
- West, OR: higher priced homes
- Jeffers Garden, OR: less expensive homes
- Olney, OR: less expensive homes
- Gearhart, OR: higher priced homes
- Warrenton, OR: less expensive homes
- Astoria, OR: less expensive homes
- Fern Hill, OR: less expensive homes
- Seaside, OR: less expensive homes
- Hammond, OR: less expensive homes
Cities with Similar Populations
- Natoma, KS: less expensive homes
- Mount Aukum, CA: higher priced homes
- Mount Hope, CT: less expensive homes
- Mount Jefferson, OH: less expensive homes
- Mount Liberty, WV: less expensive homes
- Mount Pleasant, GA: less expensive homes
- Mount Union, TX: less expensive homes
- Mountainville, NY: less expensive homes
- Muldoon, TX: less expensive homes
- Munterville, IA: less expensive homes
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