Melstone, MT is an attractive housing market for potential buyers and investors due to its higher than average appreciation rate. The median value of the housing in Melstone is $112,000, which is significantly lower than the US median of $338,100. In the last year, the US house appreciation rate was 8.27%, while Melstone's was a much higher 21.29%. This makes purchasing property in Melstone a great investment opportunity as it is likely to yield greater returns with time. The low median value combined with the high appreciation rate are key factors that contribute to the appealing nature of this housing market.
The median home cost in Melstone is $112,000. Home appreciation the last 10 years has been 117.4%. Home Appreciation in Melstone is up 19.9%.
Average Age of Homes
- The median age of Melstone real estate is 59 years old
The Rental Market in Melstone
- Renters make up 5.1% of the Melstone population
- 0.0% of houses and apartments in Melstone, 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.