Melody Hills median real estate price is $78,595, which is less expensive than 77.3% of Texas neighborhoods and 87.5% of all U.S. neighborhoods.
The average rental price in Melody Hills is currently $581, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 74.2% of Texas neighborhoods.
Melody Hills is a rural neighborhood (based on population density) located in Fort Worth, Texas.
Melody Hills real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Melody Hills neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Melody Hills. The current real estate vacancy rate here is 23.8%. This is higher than the rate of vacancies in 89.7% of all U.S. neighborhoods. This can sometimes be the case in neighborhoods dominated by seasonal homes (such as vacation areas), and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.