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Melmore

Learn about the people, housing, costs and businesses in Melmore, Ohio

Median Home$152,200
Median Rent$689/month
Population173
Leading IndustriesRetail · Information & Media · Wholesale Trade26% retail
Home Value Growth⬆⬆⬆+26.5% over 2 years
Young Adults22% of residents
Homeowners85% of occupied units
NotableAffordable Market$152k median home · lower cost than 73% of the country
NotableHigh Incomes$87k/year · top 28% nationally
Melmore
OH

Frequently Asked Questions

What are today's mortgage rates in Melmore?

As of today, the 30-year fixed mortgage rate for Melmore is approximately 7.059% (7.101% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Melmore?

The median home value in Melmore is $152k. The median monthly rent is $689. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Melmore?

Home values in Melmore have increased 26.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Melmore?

Based on a typical all-in ownership cost of $684/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Melmore is $87k/year.

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What industries drive the economy in Melmore?

The largest employment sectors in Melmore are retail (26%) and public administration (25%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.