Is Melwood expensive?

Melwood, MD

State	Maryland
Population	4,289
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Melwood, MD

State

Population

4,289

In comparison to other places in this area, Melwood is a bit more expensive, and it's significantly more expensive compared to the United States as a whole. However compared to the city of Washington, it is a lot less expensive.

Home prices

Melwood's median home price is $316,000. This is approximately $30,820 (10%) higher in comparison to nearby areas.It is approximately $98,500 (45%) higher compared to the nation as a whole, and in comparison to the city of Washington it is about $285,500 (47%) lower.

Washington

Westphalia

Rosaryville

Melwood

Camp Springs

Forestville

Morningside

United States

Comparison of median Melwood home price to nearby areas

Distribution of home prices for Melwood and nearby areas

Rents

Melwood's median rent is $1,688 a month. In comparison to other places in this area this is roughly $197 (10%) lower.In comparison to the United States as a whole it is roughly $626 (58%) higher, and in comparison to the city of Washington is roughly $147 (9%) higher.

Rosaryville

Camp Springs

Morningside

Westphalia

Melwood

Washington

Forestville

United States

Comparison of median Melwood rent to nearby areas

Distribution of rents for Melwood and nearby areas

Nearby places

Rosaryville

Rosaryville is Melwood's neighbor to the south. Housing prices there are a bit more expensive. The value of the median home in Rosaryville is $332,800, which is $16,800 (5%) higher than Melwood. Rent there is a little more expensive. The median monthly rent in Rosaryville is $2,446, which comes out to $758 (30%) higher than Melwood.

Westphalia

Westphalia is Melwood's neighbor to the north. The real estate prices there are a little more expensive. The median home value in Westphalia is $360,400, which is $44,400 (12%) higher than Melwood. Its rents are pretty similar. The median rent in Westphalia is $1,734 per month, which comes out to $46 (2%) higher than Melwood.

Morningside

Morningside is roughly 2 miles northwest from Melwood. Its real estate prices are a lot less expensive. Morningside's median home value is $222,700, which is $93,300 (41%) lower than Melwood. Rents there are fairly similar. The median monthly rent in Morningside is $1,758, which is $70 (3%) higher than Melwood.

Camp Springs

Camp Springs is about 3 miles west of Melwood. Real estate prices there are somewhat less expensive. The median home in Camp Springs is valued at $281,500, which is $34,500 (12%) lower than Melwood. The rent there is a little more expensive. In Camp Springs the median monthly rent is $2,023, which comes out to $335 (16%) higher than Melwood.

Forestville

Forestville is roughly 3 miles north from Melwood. Its real estate prices are substantially less expensive. The median home cost in Forestville is $228,500, which comes out to $87,500 (38%) lower than Melwood. Rents there are a little less expensive. In Forestville the median monthly rent is $1,466, which comes out to $222 (15%) lower than Melwood.