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Melville, RI
Full City Profile · Rhode Island · Newport County County
3.7
/5.0
B+
Good
1,840
Population
876/sq mi density
$103,393
Median Income
$37,013 per capita
$2,591
Median Rent
30.9% income on rent
51°F
Avg Temperature
275 sunny days/yr
397
Violent Crime/100K
4,074 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$103,393 median income, 1.6% unemployment
B+
Affordability
3.7 / 5.0
F
Safety
1.0 / 5.0
397 violent crimes/100K (4% above avg)
A+
Education
5.0 / 5.0
63.0% bachelor's degree or higher
Housing Overview
Median Rent
$2,591/mo
123% above
US avg: $1,163/mo
Homeownership Rate
3.8%
94% below US avg (65.4%)
Total Housing Units
655
Median year built: 1971
Home Value by Source
Zillow (ZHVI)
$903,896
Median Sale Price
$490,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
3.8%
Owner-Occupied
96.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,325/mo
1 Bedroom
$1,394/mo
2 Bedroom
$1,727/mo
3 Bedroom
$2,099/mo
4 Bedroom
$2,449/mo
Census median rent:
$2,591/mo
Market Indicators (Redfin)
Median Days on Market
68 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$305
Affordability & Housing Stock
Rent Burden
30.9%
of renters spending 30%+ of income on housing
0% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
3.8%
Complete Housing Data
Home Values
| Zillow Home Value (ZHVI) | $903,896 |
| Median Sale Price | $490,000 |
| Price Per Sq Ft | $305 |
Rent
| Census Median Rent | $2,591 |
| FMR Studio | $1,325 |
| FMR 1-Bedroom | $1,394 |
| FMR 2-Bedroom | $1,727 |
| FMR 3-Bedroom | $2,099 |
| FMR 4-Bedroom | $2,449 |
Market
| Days on Market | 68 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Price Per Sq Ft | $305 |
Ownership & Stock
| Owner-Occupied | 3.8% |
| Renter-Occupied | 96.2% |
| Homeownership Rate | 3.8% |
| Total Housing Units | 655 |
| Median Year Built | 1971 |
| Rent Burden | 30.9% |