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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 $175,612, lower than the Tennessee average of $315,131.
The average cost of rent is $902/mo in Melvine, primarily driven by the current value of real estate in the Melvine area. In Melvine, 9.56% of households rent, and 58.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melvine is $4,562 per month. Households that rent pay about 19.77% of their income on rent here. Melvine’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Burke, TN: higher priced homes
- Litton, TN: equally priced homes
- Milo, TN: equally priced homes
- Nine Mile, TN: less expensive homes
- Cold Spring, TN: less expensive homes
- Linary, TN: higher priced homes
- Lake Tansi, TN: higher priced homes
- Emery Mill, TN: higher priced homes
- Pikeville, TN: equally priced homes
- Mount Crest, TN: equally priced homes
Cities with Similar Populations
- Robbins, TX: equally priced homes
- Omega, OK: higher priced homes
- Opheim, IL: higher priced homes
- Ora, IN: equally priced homes
- Oranda, VA: higher priced homes
- Orangeville, TX: higher priced homes
- Oriole, MO: higher priced homes
- Republican City, NE: less expensive homes
- Rexford, KS: higher priced homes
- Rich, TN: higher priced homes
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