The housing market in Melville, ND is strong. The median value of houses in Melville is $428,200 which is higher than the US median value of $338,100. Furthermore, the appreciation rate of homes in Melville is 9.41%, higher than the 8.27% appreciation rate for the entire United States. This indicates that house values are rising strongly and rapidly in this small North Dakota town and could be an attractive option for potential home buyers looking for a good return on their investment.
The median home cost in Melville is $428,200. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Melville is up 10.5%.
Average Age of Homes
- The median age of Melville real estate is 8 years old
The Rental Market in Melville
- Renters make up 23.1% of the Melville population
- 0.0% of houses and apartments in Melville, 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.