The housing market in Melville, MN is performing well with the median value currently at $278,400. This is slightly lower than the US House Median Value of $338,100 and the US 1 year House Appreciation of 8.27%. However, the House 1 year appreciation in Melville, MN is 6.82%, indicating a steady growth over time. These figures demonstrate that the housing market in Melville, MN is performing steadily and this trend is likely to continue in the near future.
The median home cost in Melville is $278,400. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Melville is up 11.0%.
Average Age of Homes
- The median age of Melville real estate is 52 years old
The Rental Market in Melville
- Renters make up 11.1% 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.