Last updated: 2024 BLS data · Page refreshed:
Melwood has a population of 3,401 with a median age of 43.3. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 3,401 |
| Median Age | 43.3 |
| White | 10.1% |
| Black or African American | 50.2% |
| Asian | 0.8% |
| Hispanic or Latino | 33.9% |
| Other / Two or More Races | 5.0% |
The median household income in Melwood is $81,364, which is 0.9% above the national median of $80,610. The per capita income is $49,919. The poverty rate is 12.8%.
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In Melwood, 84.4% of residents age 25+ have a high school diploma or higher, and 31.7% hold a bachelor's degree or higher (13.8% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 84.4% |
| Bachelor's Degree or Higher | 31.7% |
| Graduate or Professional Degree | 13.8% |
The median home value in Melwood is $397,800, above the national median of $303,400. The median monthly rent is $1,233. The homeownership rate is 83.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $397,800 |
| Median Monthly Rent | $1,233 |
| Homeownership Rate | 83.6% |
| Vacancy Rate | 5.0% |
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