The housing market in 54546 Mellen, WI is very strong. The median value of housing in the area is $91,800, significantly lower than the US median house value of $338,100. However, despite the lower value the area has seen a much higher rate of appreciation over the past year and houses have grown by 16.22% compared to just 8.27% for the US as a whole. This shows a very positive trend in the area and can be an attractive option for those looking to invest in property or buy a home.
The median home cost in Mellen (zip 54546) is $91,800. Home appreciation the last 10 years has been 70.7%. Home Appreciation in Mellen (zip 54546) is up 28.9%.
Average Age of Homes
- The median age of Mellen (zip 54546) real estate is 49 years old
The Rental Market in Mellen (zip 54546)
- Renters make up 12.0% of the Mellen (zip 54546) population
- 4.0% of houses and apartments in Mellen (zip 54546), 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.