Melville, Prince Edward Island
As of October 10, 2026, Melville has 1 active MLS® listing.
Melville had a population of 1,687, a median household income of $70,500, 92% of households owning their home at the 2021 Census of Population.
Melville is a small, rural-style neighbourhood in the community of Melville on Prince Edward Island, characterized by low-density housing, large lots, and a quiet, family- and retiree-friendly feel. Demographics tend to skew toward long-term local residents with a mix of working households and seasonal population spillover tied to island tourism and nearby service centres. The housing stock is primarily detached homes and older single-family properties, with limited purpose-built rentals; many rental opportunities come from secondary suites or small-scale landlords.
Amenities are modest and day-to-day needs are typically met by driving to nearby towns for groceries, healthcare, and broader retail, while local recreation is oriented around outdoor space and community facilities. Schooling options are generally accessed via the wider area’s school catchments rather than being concentrated inside the neighbourhood itself. Transit is limited to non-urban options and private vehicle dependence is the norm. Real estate trends in Melville are shaped by PEI-wide affordability pressures and supply constraints, but price growth can be uneven year to year due to low transaction volume; rents have been supported by limited supply, while resale values are sensitive to interest rates and buyer demand from outside the immediate area.
Melville’s for-sale market is extremely thin right now, with just 1 active listing and a median asking price of $374,900, meaning pricing is being set by very limited choice across the city’s different areas and housing types. With the average listing sitting at 126 days on market so far, buyers and investors may have room to negotiate on the available inventory, but should be ready to act quickly if a home in their preferred part of the city comes up given the low supply.
AI-written commentary on the active MLS® listing snapshot as of September 11, 2026. Not financial advice.
Walk Score 0 · Bike Score 20
Communities.ca Inc.
Stuart Hall, REALTOR® · Licence #LIC-00651009 · Century 21 Bravo
Data from MLS® System. Deemed reliable but not guaranteed accurate by CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code.
Powered by CREA DDF®