Zip 60952 (Melvin, IL) Housing

The housing in 60952 Melvin, IL is quite affordable, with a median value of $74,700. This is much less than the US House Median Value of $338,100. In the past year, house appreciation in 60952 Melvin, IL was 7.34%, which is slightly lower than the US 1 year House Appreciation rate of 8.27%. Despite the lower appreciation rate, it is still possible to make some money off of housing in this area if you’re willing to invest and put in the time and effort.

The median home cost in Melvin (zip 60952) is $74,700. Home appreciation the last 10 years has been 52.8%. Home Appreciation in Melvin (zip 60952) is up 15.4%.

Average Age of Homes

- The median age of Melvin (zip 60952) real estate is 70 years old

The Rental Market in Melvin (zip 60952)

- Renters make up 10.6% of the Melvin (zip 60952) population
- 0.0% of houses and apartments in Melvin (zip 60952), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Melvin, Illinois	United States
	294.0	139,647,020.0
	76	42
	$74,700	$338,100
	15.4%	16.6%
	42.7%	57.0%
	52.8%	101.1%
	$22.98	$10.98
	$1,537	$2,690
	64.6%	57.4%
	23.1%	11.2%
	12.2%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	2.7%	0.4%
	0.0%	3.6%
	20.4%	4.1%
Value of Owner-Occupied Housing
	3.7%	2.6%
	10.0%	2.4%
	22.1%	2.8%
	15.3%	3.9%
	11.1%	4.5%
	13.2%	11.3%
	9.5%	13.0%
	15.3%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.4%	13.6%
	3.4%	13.6%
	3.1%	13.6%
	5.4%	13.2%
	4.1%	14.8%
	3.1%	13.6%
	19.4%	10.0%
	10.9%	4.7%
	44.9%	12.2%

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