The housing market in Melba, ID is quite robust. The median value of housing units is $513,800, which is significantly higher than the U.S. national median of $338,100. While the 1 year house appreciation rate for the U.S. stands at 8.27%, Melba’s housing market has also seen a 4.74% increase in value over the same period of time. This indicates that homes in this area are appreciating and remain a sound investment for potential buyers.
The median home cost in Melba is $513,800. Home appreciation the last 10 years has been 260.0%. Home Appreciation in Melba is up 15.6%.
Average Age of Homes
- The median age of Melba real estate is 27 years old
The Rental Market in Melba
- Renters make up 28.0% of the Melba population
- 0.0% of houses and apartments in Melba, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.