The housing market in 83641 Melba, ID is quite strong. According to the median value of houses, it stands at $503,100 which is significantly higher than the US average of $338,100. Despite the large gap between the two figures, the 1 year house appreciation in Melba is still relatively low at 4.74% compared to the US average of 8.27%. This could be attributed to a number of factors such as population growth and increased demand for housing in the area. However, this could be an indicator that there are plenty of opportunities for potential buyers looking to invest in real estate in Melba in order to take advantage of any future appreciation or rental income potential.
The median home cost in Melba (zip 83641) is $503,100. Home appreciation the last 10 years has been 260.0%. Home Appreciation in Melba (zip 83641) is up 15.6%.
Average Age of Homes
- The median age of Melba (zip 83641) real estate is 27 years old
The Rental Market in Melba (zip 83641)
- Renters make up 24.8% of the Melba (zip 83641) population
- 1.2% of houses and apartments in Melba (zip 83641), 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.