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Melrose, New Zealand
Full City Profile
2.9
/5.0
C+
Fair
1,400
Population
6/sq mi density
318 ft
Elevation
97 meters
58°F
Avg Temperature
14°C
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$38,040 median income, 3.5% unemployment
C+
Affordability
2.6 / 5.0
$275,600 home value, $1,378/mo rent
Housing Overview
Median Home Value
$275,600
2% below
US avg: $281,900
Median Rent
$1,378/mo
18% above
US avg: $1,163/mo
Homeownership Rate
67.5%
3% above US avg (65.4%)
Total Housing Units
560
Ownership vs. Renting
67.5%
Owner-Occupied
32.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Complete Housing Data
Home Values
| Census Median Value | $275,600 |
Rent
| Census Median Rent | $1,378 |
Market
Ownership & Stock
| Owner-Occupied | 67.5% |
| Renter-Occupied | 32.5% |
| Homeownership Rate | 67.5% |
| Total Housing Units | 560 |