Home prices
The median home in Melrose is valued at $69,400. In comparison to other places in this area this is approximately $9,260 (11%) lower.In comparison to the nation as a whole it is roughly $148,100 (68%) lower, and compared to the city of Des Moines it is approximately $63,800 (47%) lower.
Rents
In Melrose the median monthly rent is $875. In comparison to other places in this area it is approximately $225 (34%) higher.Compared to the rest of the nation it is about $187 (17%) lower, and in comparison to the city of Des Moines it is roughly $20 (2%) higher.
Nearby places
Russell
Russell is approximately 6 miles west from Melrose. Real estate prices there are a bit less expensive. The median home in Russell costs $60,200, which works out to $9,200 (15%) lower than Melrose. Its rents are a little less expensive. In Russell the median rent is $673 per month, which is $202 (30%) lower than Melrose.
Albia
Albia is roughly 11 miles east from Melrose. Its real estate prices are somewhat more expensive. The median home in Albia costs $87,600, which is $18,200 (20%) higher than Melrose. Its rents are significantly less expensive. In Albia the median rent is $543 a month, which comes out to $332 (61%) lower than Melrose.
Chariton
Chariton is about 11 miles west from Melrose. The housing prices there are a bit more expensive. The median home in Chariton costs $84,000, which comes out to $14,600 (17%) higher than Melrose. The rent there is a little less expensive. The median monthly rent in Chariton is $668, which is $207 (30%) lower than Melrose.
Moravia
Moravia is approximately 11 miles southeast of Melrose. Real estate prices there are a little more expensive. Moravia's median home value is $81,300, which works out to $11,900 (14%) higher than Melrose. The rent there is a bit less expensive. In Moravia the median monthly rent is $700, which is $175 (25%) lower than Melrose.
Lovilia
Lovilia is approximately 12 miles northeast from Melrose. The housing prices there are a bit more expensive. The median home in Lovilia is valued at $80,200, which comes out to $10,800 (13%) higher than Melrose. The rent there is a little less expensive. In Lovilia the median monthly rent is $665, which works out to $210 (31%) lower than Melrose.
