The housing market in Melvin, IA (zip code 51350) is much more affordable than the national average. The median value of a home in Melvin is $101,000, which is approximately 70% less than the US median value of $338,100. Despite being lower than the national average, homes in Melvin have experienced higher appreciation over the last year at 11.61%, compared to 8.27% nationwide. This makes an investment in real estate in Melvin a very attractive opportunity for potential homeowners or investors looking to benefit from strong growth potential and low prices.
The median home cost in Melvin (zip 51350) is $101,000. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Melvin (zip 51350) is up 15.1%.
Average Age of Homes
- The median age of Melvin (zip 51350) real estate is 78 years old
The Rental Market in Melvin (zip 51350)
- Renters make up 15.5% of the Melvin (zip 51350) population
- 1.3% of houses and apartments in Melvin (zip 51350), 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.