# Melville housing market

Canonical: https://veilpoint.ca/real-estate/melville.md
Retrieved: 2026-07-27T09:45:02.753Z
Cite: Opportunity Exchange (VeilPoint), "Melville housing market", https://veilpoint.ca/real-estate/melville.md, retrieved 2026-07-27.

> **Data status.** Derived from at least one placeholder input; confidence tier D; oldest input 2026-04-08. OEX ownership model compares mortgage principal and interest, property tax, maintenance and insurance with local rent on a modelled local annual income.

## Market

- Median residential price: $181,000 (+1% year over year, $130/sqft)
- Active listings: 35 (13 new monthly, 71 median days on market)
- Months of inventory: 2.9 — sellers market

## Own versus rent, monthly

- Owning the median home: $1,176 (mortgage, property tax, maintenance)
- Renting one bedroom: $1,111
- Owning is $65/month dearer; about 3.07 years to save the down payment on the local median income ($59,000/year).

## Home types

| Type | Share |
| --- | --- |
| detached | 61% |
| mobile | 14% |
| acreage | 12% |
| townhouse | 8% |
| condo | 5% |