Median home value: $136K (+1.6% YoY). Rent: $1,148/mo. Price-to-rent: 9.8x. Part of Detroit-Warren-Dearborn, MI.
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Basic Zillow data only. For stress scores, AI analysis, and trends, Detroit-Warren-Dearborn, MI metro page.
Home Value$135,518
+1.6%
Rent$1,148/mo
AFFORDABILITYBuying $191/mo cheaper ($1,148 rent)6.00% 30yr, 20% down, county tax + MI ins. 28% per HUD.
Enter your income for Melvindale.
$27,104 on $135,518
Affordable — 15.3% of income
Under the 28% guideline.
PITI$957
P/I15.3%
Afford$248K
Room+$112K
P&I $650Tax $174Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing