Zip 71353 (Melville, LA) Housing

The housing median value in the 71353 Melville, LA area is $131,300, much lower than the US median of $338,100. The US 1 year house appreciation rate is 8.27%, while the appreciation rate in this area is only 0.82%. This indicates that there is not a lot of movement in house prices in this area, which could be appealing to those looking to buy a home. Furthermore, buyers may find themselves getting a good deal on a home as the median value in Melville has remained relatively low.

The median home cost in Melville (zip 71353) is $131,300. Home appreciation the last 10 years has been 36.9%. Home Appreciation in Melville (zip 71353) is up 8.6%.

Average Age of Homes

- The median age of Melville (zip 71353) real estate is 48 years old

The Rental Market in Melville (zip 71353)

- Renters make up 22.0% of the Melville (zip 71353) population
- 1.4% of houses and apartments in Melville (zip 71353), 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	Melville, Louisiana	United States
	836.0	139,647,020.0
	49	42
	$131,300	$338,100
	8.6%	16.6%
	22.8%	57.0%
	36.9%	101.1%
	$3.35	$10.98
	$700	$2,690
	62.7%	57.4%
	28.6%	11.2%
	8.7%	31.4%
Vacant Housing
	1.4%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	1.8%	0.4%
	14.6%	3.6%
	10.8%	4.1%
Value of Owner-Occupied Housing
	9.0%	2.6%
	2.5%	2.4%
	7.1%	2.8%
	16.2%	3.9%
	11.8%	4.5%
	18.3%	11.3%
	9.4%	13.0%
	20.8%	20.1%
	5.0%	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%
	9.5%	13.6%
	9.5%	13.6%
	9.5%	13.6%
	11.6%	13.2%
	16.0%	14.8%
	9.5%	13.6%
	15.9%	10.0%
	0.7%	4.7%
	0.8%	12.2%

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