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New Melle

Learn about the people, housing, costs and businesses in New Melle, Missouri

Median Home$494,413
Median Rent$1,515/month
Population567
Leading IndustriesHealthcare · Arts, Food & Hospitality · Transportation15% healthcare
Home Value Growth⬆⬆+14.4% over 2 years
Retirees21% of residentsnear the national average
Homeowners97% of occupied units
NotableHigh Incomes$143k/year · top 5% nationally
NotableHighly Educated29% bachelor's · 12% graduate · top 10% nationally
New Melle
MO

Frequently Asked Questions

What are today's mortgage rates in New Melle?

As of today, the 30-year fixed mortgage rate for New Melle is approximately 6.838% (6.872% 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 New Melle?

The median home value in New Melle is $494k. The median monthly rent is $1,515. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Melle?

Home values in New Melle have increased 14.4% 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 New Melle?

Based on a typical all-in ownership cost of $1,806/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Melle is $143k/year.

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What industries drive the economy in New Melle?

The largest employment sectors in New Melle are public administration (20%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.