Home prices
Melvindale's median home value is $64,300. In comparison to other places in this area it is roughly $19,480 (23%) lower.It is about $153,200 (70%) lower compared to the rest of the country, and it is approximately $15,100 (30%) higher compared to the city of Detroit.
Rents
Melvindale's median monthly rent is $856. It is is very similar compared to its surrounding areas.In comparison to the nation as a whole it is about $206 (19%) lower, and it is roughly $32 (3%) higher compared to the city of Detroit.
Nearby places
Allen Park
Allen Park is Melvindale's neighbor to the southwest. Housing prices there are a lot more expensive. The price of the median home in Allen Park is $123,800, which comes out to $59,500 (48%) higher than Melvindale. Its rents are a bit more expensive. Allen Park's median rent is $980 per month, which works out to $124 (12%) higher than Melvindale.
Lincoln Park
Lincoln Park is Melvindale's neighbor to the south. Its real estate prices are a bit more expensive. Lincoln Park's median home price is $73,700, which is $9,400 (12%) higher than Melvindale. Rent there is similar. The median monthly rent in Lincoln Park is $842, which is $14 (1%) lower than Melvindale.
Dearborn
Dearborn is Melvindale's neighbor to the northwest. The housing prices there are significantly more expensive. The median home in Dearborn costs $143,000, which is $78,700 (55%) higher than Melvindale. Its rents are somewhat more expensive. Dearborn's median monthly rent is $1,022, which works out to $166 (16%) higher than Melvindale.
River Rouge
River Rouge is roughly 2 miles east of Melvindale. Housing prices there are significantly less expensive. The median home value in River Rouge is $36,300, which is $28,000 (77%) lower than Melvindale. Its rents are significantly less expensive. River Rouge's median rent is $585 a month, which works out to $271 (46%) lower than Melvindale.
Ecorse
Ecorse is roughly 2 miles southeast from Melvindale. The housing prices there are substantially less expensive. The value of the median home in Ecorse is $42,100, which works out to $22,200 (52%) lower than Melvindale. Rents there are similar. The median rent in Ecorse is $821 a month, which comes out to $35 (4%) lower than Melvindale.
