Zip 76858 (Melvin, TX) Housing

The housing market in Melvin, TX (zip code 76858) is thriving. According to recent data, the median value of housing in Melvin is $82,900. This is significantly lower than the US median house value of $338,100. However, what makes this area more desirable is that the one year house appreciation in Melvin was 16.22%, far greater than the US one year appreciation at 8.27%. These figures suggest that people are finding real value and potential when it comes to investing in the housing market in Melvin, TX.

The median home cost in Melvin (zip 76858) is $82,900. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Melvin (zip 76858) is up 19.7%.

Average Age of Homes

- The median age of Melvin (zip 76858) real estate is 69 years old

The Rental Market in Melvin (zip 76858)

- Renters make up 7.1% of the Melvin (zip 76858) population
- 0.0% of houses and apartments in Melvin (zip 76858), 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, Texas	United States
	172.0	139,647,020.0
	71	42
	$82,900	$338,100
	19.7%	16.6%
	63.7%	57.0%
	99.0%	101.1%
	$13.66	$10.98
	$1,196	$2,690
	59.3%	57.4%
	34.9%	11.2%
	5.8%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	13.4%	3.6%
	21.5%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	30.4%	2.4%
	17.6%	2.8%
	2.9%	3.9%
	4.9%	4.5%
	20.6%	11.3%
	10.8%	13.0%
	5.9%	20.1%
	0.0%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	4.9%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.2%	13.6%
	5.2%	13.6%
	24.4%	13.6%
	2.9%	13.2%
	0.6%	14.8%
	24.4%	13.6%
	10.5%	10.0%
	23.3%	4.7%
	27.9%	12.2%

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