Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Melvin area can be challenging. Home prices in Melvin are now at a median cost of $64,223, lower than the Alabama average of $185,232.
The average cost of rent is $539/mo in Melvin, primarily driven by the current value of real estate in the Melvin area. While nearly 59.34% of residents own their homes outright in Melvin, 16.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melvin is $2,475 per month. Households that rent pay about 21.78% of their income on rent here. Melvin's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Water Valley, AL: higher priced homes
- Crandall, MS: higher priced homes
- Needham, AL: less expensive homes
- Land, AL: less expensive homes
- Matherville, MS: higher priced homes
- Langsdale, MS: higher priced homes
- Mannassa, MS: higher priced homes
- Toxey, AL: higher priced homes
- Gilbertown, AL: higher priced homes
- Hodgewood, AL: higher priced homes
Cities with Similar Populations
- Camps Mills, NY: higher priced homes
- Sycamore Valley, OH: higher priced homes
- Sycamore, CA: higher priced homes
- Aquilla, MO: higher priced homes
- Angle Inlet, MN: higher priced homes
- Amorita, OK: higher priced homes
- Almeria, AL: higher priced homes
- Adna, WA: higher priced homes
- Alfarata, PA: higher priced homes
- Allport, AR: higher priced homes
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