Expensive
Affordable
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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 $63,886, lower than the Kentucky average of $219,615.
The average cost of rent is $730/mo in Melvin, primarily driven by the current value of real estate in the Melvin area. In Melvin, 14.47% of households rent, and 79.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melvin is $2,348 per month. Households that rent pay about 31.09% of their income on rent here. Melvin’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bypro, KY: less expensive homes
- Wheelwright, KY: less expensive homes
- Weeksbury, KY: equally priced homes
- Hi Hat, KY: higher priced homes
- Bevinsville, KY: less expensive homes
- Virgie, KY: higher priced homes
- Teaberry, KY: higher priced homes
- Beaver, KY: higher priced homes
- Topmost, KY: higher priced homes
- Speight, KY: higher priced homes
Cities with Similar Populations
- Quihi, TX: higher priced homes
- Neola, MO: higher priced homes
- Neptune, IA: higher priced homes
- Neskowin, OR: higher priced homes
- Netawaka, KS: higher priced homes
- Neuern, WI: higher priced homes
- New Chicago, MT: higher priced homes
- New City, IL: higher priced homes
- North Cazenovia, NY: higher priced homes
- North Glade, MD: higher priced homes
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