Melville, NY
Full City Profile · New York · Nassau County County
4.3
/5.0
A
Great
19,187
Population
1,584/sq mi density
$155,675
Median Income
$90,255 per capita
$778,400
Home Value
$989,665 Zillow
$3,501
Median Rent
34.5% income on rent
53°F
Avg Temperature
A
Overall
4.3 / 5.0
Strong
A
Economy
4.0 / 5.0
$155,675 median income, 8.4% unemployment
B+
Affordability
3.9 / 5.0
$778,400 home value, $3,501/mo rent
A+
Education
5.0 / 5.0
62.4% bachelor's degree or higher
Housing Overview
Median Home Value
$778,400
176% above
US avg: $281,900
Median Rent
$3,501/mo
201% above
US avg: $1,163/mo
Homeownership Rate
87.5%
34% above US avg (65.4%)
Total Housing Units
7,456
Median year built: 1983
Home Value by Source
Census Median
$778,400
Zillow (ZHVI)
$989,665
Redfin Median Sale
$600,000
Median Sale Price
$600,000
Median List Price
$824,999
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
87.5%
Owner-Occupied
12.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,215/mo
1 Bedroom
$1,315/mo
2 Bedroom
$1,579/mo
3 Bedroom
$1,976/mo
4 Bedroom
$2,193/mo
Census median rent:
$3,501/mo
Market Indicators (Redfin)
Median Sale Price
$600,000
Median Days on Market
216 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
3.2%
of listings with price reduction
Price Per Sq Ft
$580
Active Inventory
31
homes for sale
Affordability & Housing Stock
Rent Burden
34.5%
of renters spending 30%+ of income on housing
11% above US avg (31.0%)
Median Year Built
1983
Average age of housing stock: 43 years
Homeownership Rate
87.5%
Complete Housing Data
Home Values
| Census Median Value | $778,400 |
| Zillow Home Value (ZHVI) | $989,665 |
| Redfin Median Sale | $600,000 |
| Median Sale Price | $600,000 |
| Median List Price | $824,999 |
| Price Per Sq Ft | $580 |
Rent
| Census Median Rent | $3,501 |
| FMR Studio | $1,215 |
| FMR 1-Bedroom | $1,315 |
| FMR 2-Bedroom | $1,579 |
| FMR 3-Bedroom | $1,976 |
| FMR 4-Bedroom | $2,193 |
Market
| Days on Market | 216 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 3.2% |
| Homes Sold | 3 |
| Active Inventory | 31 |
| Price Per Sq Ft | $580 |
Ownership & Stock
| Owner-Occupied | 87.5% |
| Renter-Occupied | 12.5% |
| Homeownership Rate | 87.5% |
| Total Housing Units | 7,456 |
| Median Year Built | 1983 |
| Rent Burden | 34.5% |