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Affordable
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These days, finding an affordable place to live in the Menlo area can be challenging. Home prices in Menlo are now at a median cost of $321,674, lower than the Washington average of $621,115.
The average cost of rent is $1,552/mo in Menlo, primarily driven by the current value of real estate in the Menlo area. In Menlo, 11.24% of households rent, and 65.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Menlo is $5,021 per month. Households that rent pay about 30.92% of their income on rent here. Menlo’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
- Deep River, WA: equally priced homes
- Naselle, WA: equally priced homes
- Holcomb, WA: less expensive homes
- Grays River, WA: less expensive homes
- Rosburg, WA: less expensive homes
- Lebam, WA: less expensive homes
- Oceanside, WA: higher priced homes
- Stringtown, WA: higher priced homes
- South Bend, WA: less expensive homes
- Ocean Park, WA: higher priced homes
Cities with Similar Populations
- Reedyville, KY: less expensive homes
- North Easton, NY: less expensive homes
- North Gage, NY: less expensive homes
- North Grove, IN: less expensive homes
- North Hudson, NY: less expensive homes
- Ralston, TN: less expensive homes
- Ranchito, NM: higher priced homes
- Rathbun, IA: less expensive homes
- Raymondville, NY: less expensive homes
- Raynham, NC: less expensive homes
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