Housing costs in Melrose?
A typical home costs
$115,000, which is 66.0% less expensive than the national average of
$338,100 and 41.0% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Melrose costs
$830 per month, which is 42.0% cheaper than the national average of
$1,430 and 12.0% cheaper than the state average of
$930.
Can I afford Melrose?
To live comfortably in Melrose (zip 52569), Iowa, a minimum annual income of
$21,960 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Melrose?
The cost of living in 52569 Melrose, IA is quite affordable. According to the most recent data, the cost of living index score in Melrose is 80.2, which is 20% lower than the national average. This makes it an attractive option for those looking to move to a rural community but still remain within a reasonable budget. Property taxes are also relatively low in Melrose, with an average rate of 1.9%. The median home value in Melrose is $76,400, making it significantly more affordable than many larger cities and towns across the United States. With such an attractive cost of living and property tax rates, it's easy to see why folks would want to call 52569 Melrose, IA their home!