Red-hot house prices in Melbourne's inner-north have forced one of the area's federal MPs to find a cheaper place to live.

Federal MP for Wills Peter Khalil​ says he and his family were "effectively priced out" of Brunswick, after they were given notice to vacate their rental property, despite having a pre-tax annual household income of more than $200,000.

The Labor backbencher says the "stressful experience" of the forced move has highlighted the plight of local renters and would-be home owners who are not lucky enough to enjoy six-figure incomes.

Mr Khalil is not alone in being overwhelmed by the cost of living in Brunswick where median house prices have soared from $860,000 in 2016 to $1.06 million this year, according to the latest data from Domain.