Home prices
Melrose's median home value is $57,200. Compared to its surrounding areas it is approximately $19,280 (25%) lower.It is approximately $160,300 (73%) lower in comparison to the entire nation, and in comparison to the city of Toledo it is approximately $23,600 (29%) lower.
Rents
In Melrose the median rent is $595 per month. Compared to other places in this area this is roughly $88 (12%) lower.It is roughly $467 (43%) lower in comparison to the nation as a whole, and compared to the city of Toledo is roughly $130 (17%) lower.
Nearby places
Grover Hill
Grover Hill is roughly 5 miles southwest of Melrose. The housing prices there are a little less expensive. The median home in Grover Hill is valued at $49,600, which works out to $7,600 (15%) lower than Melrose. The rent there is a lot more expensive. Grover Hill's median rent is $925 a month, which is $330 (35%) higher than Melrose.
Dupont
Dupont is approximately 5 miles southeast of Melrose. Real estate prices there are a little more expensive. The median home in Dupont costs $68,200, which comes out to $11,000 (16%) higher than Melrose. Rent there is a bit less expensive. Dupont's median rent is $506 a month, which is $89 (17%) lower than Melrose.
Continental
Continental is roughly 6 miles east from Melrose. Its real estate prices are substantially more expensive. The price of the median home in Continental is $86,300, which comes out to $29,100 (33%) higher than Melrose. Rents there are somewhat less expensive. Continental's median rent is $524 per month, which comes out to $71 (13%) lower than Melrose.
Cloverdale
Cloverdale is roughly 6 miles southeast of Melrose. Housing prices there are a bit more expensive. The median home in Cloverdale costs $77,200, which comes out to $20,000 (25%) higher than Melrose. The rent there is a lot less expensive. The median rent in Cloverdale is $439 a month, which comes out to $156 (35%) lower than Melrose.
Latty
Latty is approximately 7 miles west from Melrose. Housing prices there are a lot more expensive. The cost of the median home in Latty is $101,100, which is $43,900 (43%) higher than Melrose. Rents there are substantially more expensive. The median monthly rent in Latty is $1,021, which works out to $426 (41%) higher than Melrose.
