The housing market in Melvin, IA is thriving. The median value of homes in the area is $94,000, which is significantly lower than the US housing median value of $338,100. Over the past year, house appreciation in Melvin has been 11.61%, which is higher than the US 1 year house appreciation of 8.27%. This demonstrates a strong housing market in Melvin and indicates that it may be a great place to invest in for those looking for affordable housing with potential growth.
The median home cost in Melvin is $94,000. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Melvin is up 15.1%.
Average Age of Homes
- The median age of Melvin real estate is 62 years old
The Rental Market in Melvin
- Renters make up 8.6% of the Melvin population
- 2.4% of houses and apartments in Melvin, 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.