The housing in Melvin, TX is an attractive option for prospective homeowners due to the median value being significantly lower than the US median value at $77,500. What's more, the 1-year appreciation rate in Melvin is also higher than the national average at 16.22% compared to 8.27%. Therefore, those who are looking for a good investment opportunity should seriously consider buying a home in Melvin as it would likely result in a healthy return on their money over time.
The median home cost in Melvin is $77,500. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Melvin is up 19.7%.
Average Age of Homes
- The median age of Melvin real estate is 65 years old
The Rental Market in Melvin
- Renters make up 10.0% 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.