Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Melvine area can be challenging. Home prices in Melvine are now at a median cost of $144,901, lower than the Tennessee average of $218,916.
The average cost of rent is $700/mo in Melvine, primarily driven by the current value of real estate in the Melvine area. While nearly 64.05% of residents own their homes outright in Melvine, 13.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melvine is $4,172 per month. Households that rent pay about 16.77% of their income on rent here. Melvine's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Burke, TN: equally priced homes
- Litton, TN: higher priced homes
- Milo, TN: less expensive homes
- Nine Mile, TN: higher priced homes
- Cold Spring, TN: equally priced homes
- Linary, TN: higher priced homes
- Lake Tansi, TN: higher priced homes
- Emery Mill, TN: less expensive homes
- Pikeville, TN: less expensive homes
- Mount Crest, TN: less expensive homes
Cities with Similar Populations
- Robbins, TX: higher priced homes
- Omega, OK: higher priced homes
- Opheim, IL: higher priced homes
- Ora, IN: less expensive homes
- Oranda, VA: higher priced homes
- Orangeville, TX: higher priced homes
- Oriole, MO: higher priced homes
- Republican City, NE: less expensive homes
- Rexford, KS: equally priced homes
- Rich, TN: higher priced homes
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