The housing market in Melvin, MI is flourishing, with the median value of a house being $191,100. This is considerably lower than the US House Median Value of $338,100 however the overall appreciation rate for homes in Melvin over the past year has been 6.41%, which is slightly lower than the national average of 8.27%. The housing market in Melvin is attractive to buyers looking for a quality property at an affordable price, and investors who are looking for capital appreciation potential.
The median home cost in Melvin is $191,100. Home appreciation the last 10 years has been 118.0%. Home Appreciation in Melvin is up 12.8%.
Average Age of Homes
- The median age of Melvin real estate is 56 years old
The Rental Market in Melvin
- Renters make up 22.1% of the Melvin population
- 0.0% 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.