Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Melzo area can be challenging. Home prices in Melzo are now at a median cost of $130,284, lower than the Missouri average of $194,908.
The average cost of rent is $761/mo in Melzo, primarily driven by the current value of real estate in the Melzo area. While nearly 63.46% of residents own their homes outright in Melzo, 7.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melzo is $5,184 per month. Households that rent pay about 14.68% of their income on rent here. Melzo's most expensive areas are in the northeastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Valles Mines, MO: higher priced homes
- East Bonne Terre, MO: equally priced homes
- Tiff, MO: less expensive homes
- Bonne Terre, MO: equally priced homes
- Papin, MO: higher priced homes
- Shibboleth, MO: less expensive homes
- Hazel Run, MO: higher priced homes
- Terre du Lac, MO: higher priced homes
- Fertile, MO: less expensive homes
- DeSoto, MO: higher priced homes
Cities with Similar Populations
- Lakeview, LA: equally priced homes
- Le Raysville, PA: higher priced homes
- Laysville, CT: higher priced homes
- Lavina, MT: higher priced homes
- Latham, IL: less expensive homes
- Larsmont, MN: higher priced homes
- Larrabee, IA: higher priced homes
- Laporte, PA: higher priced homes
- Langes Corners, WI: higher priced homes
- Lane City, TX: higher priced homes
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