Home prices
The median home value in Melrose is $102,000. Compared to its nearby areas it is roughly $16,000 (13%) lower.It is roughly $115,500 (53%) lower in comparison to the United States as a whole, and compared to the city of Eau Claire is approximately $53,000 (34%) lower.
Rents
Melrose's median rent is $970 a month. It is about $284 (41%) higher in comparison to the surrounding areas.It is approximately $92 (8%) lower in comparison to the nation as a whole, and is about $135 (16%) higher compared to the city of Eau Claire.
Nearby places
Ettrick
Ettrick is approximately 11 miles west from Melrose. The real estate prices there are a little more expensive. The median home in Ettrick is valued at $119,000, which is $17,000 (14%) higher than Melrose. Its rents are significantly less expensive. The median rent in Ettrick is $544 a month, which works out to $426 (78%) lower than Melrose.
Black River Falls
Black River Falls is approximately 12 miles northeast from Melrose. Housing prices there are fairly similar. The value of the median home in Black River Falls is $106,600, which works out to $4,600 (4%) higher than Melrose. Rents there are a lot less expensive. In Black River Falls the median monthly rent is $646, which works out to $324 (50%) lower than Melrose.
Taylor
Taylor is roughly 13 miles northwest of Melrose. Its real estate prices are similar. The median home in Taylor costs $107,100, which is $5,100 (4%) higher than Melrose. Its rents are a lot less expensive. In Taylor the median monthly rent is $638, which comes out to $332 (52%) lower than Melrose.
Sparta
Sparta is approximately 14 miles southeast from Melrose. The real estate prices there are a bit more expensive. The median home price in Sparta is $123,300, which comes out to $21,300 (17%) higher than Melrose. Rent there is a little less expensive. The median monthly rent in Sparta is $827, which works out to $143 (17%) lower than Melrose.
Rockland
Rockland is approximately 14 miles south of Melrose. The real estate prices there are a little more expensive. The cost of the median home in Rockland is $134,000, which comes out to $32,000 (23%) higher than Melrose. The rent there is a bit less expensive. Rockland's median rent is $775 a month, which is $195 (25%) lower than Melrose.
