Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Melvindale area can be challenging. Home prices in Melvindale are now at a median cost of $79,050, lower than the Michigan average of $196,062.
The average cost of rent is $1,015/mo in Melvindale, primarily driven by the current value of real estate in the Melvindale area. While nearly 60.03% of residents own their homes outright in Melvindale, 46.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melvindale is $3,524 per month. Households that rent pay about 28.79% of their income on rent here. Melvindale's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- River Rouge, MI: less expensive homes
- Allen Park, MI: higher priced homes
- Ecorse, MI: less expensive homes
- Lincoln Park, MI: higher priced homes
- Dearborn, MI: higher priced homes
- Wyandotte, MI: higher priced homes
- Dearborn Heights, MI: higher priced homes
- Southgate, MI: higher priced homes
- Taylor, MI: higher priced homes
- Inkster, MI: less expensive homes
Cities with Similar Populations
- Parker, SC: equally priced homes
- Oatfield, OR: higher priced homes
- Ocean Pines, MD: higher priced homes
- Ogdensburg, NY: higher priced homes
- Oneonta, AL: higher priced homes
- Orrville, OH: higher priced homes
- Overlea, MD: higher priced homes
- Oxford, GA: higher priced homes
- Palmer Town, MA: higher priced homes
- Paris, KY: higher priced homes
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