Every city has its most in-demand neighbourhoods, and in Melancthon they are Shelburne and Melancthon. Strata.ca looks at a number of indicators to rank the communities most in-demand. Indicators include the average time a property spends on market, the average sale price, plus the percentage of homes that have sold over asking.

Melancthon's most priciest neighbourhoods are Melancthon. We isolate these neighbourhoods by looking at the average sold price over a set period of time. If you're looking for cheaper options though - Shelburne also have great properties, but at much better value.

Shelburne are Melancthon's cheapest neighbourhoods. Strata.ca assesses historical data to determine the average sale price for every neighbourhood. In comparison, the average house in Melancthon is selling for about $923,007.

Annual property taxes cannot be overlooked when assessing what it costs to own a house in Melancthon. This tax is essential in helping the city provide a number of services, including sewer protection and road maintenance. Each year, your municipality will determine its property tax rate, which typically lands between 0.5 and 2.5%. Some Melancthon homebuyers believe this tax is based on the size of the house. But rather, the tax rate is multiplied by the home's current market value - which can fluctuate each year based on surrounding homes. Let's say your home's assessed market value is $600,000 and the municipality's property tax rate is 1% - that year you'd pay $6,000.

The go-to website for your Melancthon real estate search is Strata.ca, which showcases every property available, so you'll never miss an opportunity. But why settle for basic property details when you could unlock Melancthon's real estate history! Armed with this knowledge, users are able to compete effectively against other buyers and sellers.

Melancthon has a walk score of 2, meaning most errands and travel within the city will require a car. The transit score, meanwhile, is 25, indicating that this city offers a notably smaller public transportation network.

When purchasing a house in Melancthon, you must budget for a series of charges known as 'closing costs'. These costs are necessary in order to finalize your purchase, so be sure to factor them in before making an offer. The average closing costs in this city will typically come to about 1.5% - 2% of the purchase price, although this can vary. For example, 2% in closing costs on an $800,000 house would be $16,000 that you need to budget for. All buyers are subject to the province's land transfer tax. The most common way to reduce this tax is by applying for the first-time homebuyer rebate. And lastly, buying Melancthon real estate will require a lawyer you can trust. You'll need to find someone who specializes in this as they'll be finalizing your purchase. Although fees can vary, expect to set aside somewhere around $1,500 - $2,000 on closing to cover your legal costs.