Home prices
The value of the median home in Melville is $670,400. This is about $206,400 (44%) higher compared to the surrounding areas.It is about $452,900 (208%) higher compared to the country as a whole, and it is approximately $64,400 (10%) higher compared to the city of New York.
Rents
The median rent in Melville is $2,325 a month. In comparison to other places in this area this is approximately $632 (37%) higher.In comparison to the nation as a whole it is approximately $1,263 (118%) higher, and compared to the city of New York is roughly $882 (61%) higher.
Nearby places
Wheatley Heights
Wheatley Heights is Melville's neighbor to the southeast. Its real estate prices are substantially less expensive. The median home in Wheatley Heights is valued at $392,300, which works out to $278,100 (70%) lower than Melville. Its rents are significantly less expensive. The median rent in Wheatley Heights is $1,257 per month, which works out to $1,068 (84%) lower than Melville.
Old Bethpage
Old Bethpage is Melville's neighbor to the southwest. The real estate prices there are somewhat less expensive. The cost of the median home in Old Bethpage is $582,200, which comes out to $88,200 (15%) lower than Melville. Its rents are substantially less expensive. In Old Bethpage the median monthly rent is $1,071, which works out to $1,254 (117%) lower than Melville.
West Hills
West Hills is Melville's neighbor to the northwest. Housing prices there are fairly similar. West Hills's median home value is $658,000, which works out to $12,400 (1%) lower than Melville. Rent there is a little more expensive. In West Hills the median rent is $2,750 a month, which comes out to $425 (15%) higher than Melville.
Wyandanch
Wyandanch is Melville's neighbor to the southeast. The housing prices there are a lot less expensive. The median home price in Wyandanch is $252,700, which works out to $417,700 (165%) lower than Melville. Its rents are a lot less expensive. The median monthly rent in Wyandanch is $1,539, which comes out to $786 (51%) lower than Melville.
South Huntington
South Huntington is Melville's neighbor to the north. Real estate prices there are substantially less expensive. The median home in South Huntington is valued at $434,800, which comes out to $235,600 (54%) lower than Melville. The rent there is somewhat less expensive. The median monthly rent in South Huntington is $1,846, which is $479 (25%) lower than Melville.
