Mellen, WI is a small town with a housing median value of $83,500, which is significantly lower than the US median value of $338,100. However, the 1 year house appreciation rate in Mellen is 16.22%, which is much higher than the US rate of 8.27%. This suggests that Mellen's housing market has been more active and appreciated in value faster than many other areas in the country. This could make it an attractive option for those looking to purchase a home and benefit from the appreciation in its value over time.
The median home cost in Mellen is $83,500. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Mellen is up 28.9%.
Average Age of Homes
- The median age of Mellen real estate is 63 years old
The Rental Market in Mellen
- Renters make up 27.6% of the Mellen population
- 8.6% of houses and apartments in Mellen, 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.