Home prices
The median home cost in Melbourne is $128,700. In comparison to nearby areas this is roughly $31,100 (19%) lower.In comparison to the nation as a whole it is approximately $88,800 (40%) lower, and it is about $9,300 (6%) lower compared to the city of Cincinnati.
Rents
In Melbourne the median monthly rent is $475. This is approximately $650 (57%) lower in comparison to its nearby areas.Compared to the entire nation it is roughly $587 (55%) lower, and compared to the city of Cincinnati it is approximately $263 (35%) lower.
Nearby places
Silver Grove
Silver Grove is Melbourne's neighbor to the northwest. Real estate prices there are a little less expensive. The median home in Silver Grove costs $104,600, which works out to $24,100 (23%) lower than Melbourne. Its rents are a little more expensive. The median rent in Silver Grove is $649 per month, which works out to $174 (26%) higher than Melbourne.
Crestview
Crestview is approximately 2 miles west of Melbourne. Its real estate prices are similar. The median home in Crestview is valued at $132,100, which comes out to $3,400 (2%) higher than Melbourne. Rents there are substantially more expensive. In Crestview the median rent is $1,300 a month, which is $825 (63%) higher than Melbourne.
Salem Heights
Salem Heights is roughly 2 miles north from Melbourne. The real estate prices there are a little more expensive. The value of the median home in Salem Heights is $164,500, which is $35,800 (21%) higher than Melbourne. Rents there are substantially more expensive. In Salem Heights the median rent is $1,316 a month, which works out to $841 (63%) higher than Melbourne.
Fruit Hill
Fruit Hill is approximately 2 miles north of Melbourne. Its real estate prices are a bit more expensive. The value of the median home in Fruit Hill is $174,600, which comes out to $45,900 (26%) higher than Melbourne. The rent there is significantly more expensive. In Fruit Hill the median monthly rent is $1,276, which works out to $801 (62%) higher than Melbourne.
Forestville
Forestville is approximately 3 miles northeast from Melbourne. Its real estate prices are significantly more expensive. The median home price in Forestville is $223,200, which comes out to $94,500 (42%) higher than Melbourne. Its rents are significantly more expensive. In Forestville the median rent is $1,086 a month, which is $611 (56%) higher than Melbourne.
