Market Overview
Home Prices in Melville, LA
The median home value in Melville, LA is $80,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 7.4% compared to a year ago and down 13.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Melville are priced80% below average. Melville is part of the Opelousas, LA metro area.
Over the past five years, Melville home values have fallen by approximately40.5%, reflecting softening conditions in this market.
Price History
Melville Home Price Trend
City Comparison
Melville vs. National Median
At $80,724, homes in Melville cost 80% below the national median of $410,000. This makes Melville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Melville?
20% Down Payment
$16,145
on $80,724
Monthly P&I
$421/mo
30-yr @ 6.8%
Total Monthly Est.
~$535/mo
incl. taxes & insurance
Income Needed
$21,400
gross annual (30% rule)
10% Down Option
$8,072
+ PMI applies
Loan Amount (20% dn)
$64,579
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Melville, LA?
The median home value in Melville is $80,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 7.4% year-over-year.
How much have home prices changed in Melville?
Over the past year, home values in Melville have decreased by 7.4%. Over five years, prices have fallen approximately 40.5%.
How much do I need to earn to buy a home in Melville?
To comfortably afford the median home price of $80,724 with a 20% down payment ($16,145) at today's rates (6.8%), you'd need a gross annual income of approximately $21,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Melville compare to the national average home price?
The national median home value is approximately $410,000. At $80,724, homes in Melville are 80% below the national average.
What metro area is Melville part of?
Melville is part of the Opelousas, LA metropolitan area. Home prices and market conditions can vary across the broader metro region.