Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Melvin area can be challenging. Home prices in Melvin are now at a median cost of $59,692, lower than the Iowa average of $182,666.
The average cost of rent is $510/mo in Melvin, primarily driven by the current value of real estate in the Melvin area. While nearly 73.05% of residents own their homes outright in Melvin, 13.76% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melvin is $4,457 per month. Households that rent pay about 11.45% of their income on rent here. Melvin's most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Sanborn, IA: higher priced homes
- Ocheyedan, IA: higher priced homes
- Hartley, IA: higher priced homes
- Ashton, IA: higher priced homes
- Sibley, IA: higher priced homes
- Allendorf, IA: higher priced homes
- Harris, IA: higher priced homes
- Sheldon, IA: higher priced homes
- Primghar, IA: higher priced homes
- Moneta, IA: higher priced homes
Cities with Similar Populations
- Laurel Bloomery, TN: higher priced homes
- San Leanna, TX: higher priced homes
- Russellville, IN: higher priced homes
- Rush Valley, UT: higher priced homes
- Rudyard, MT: higher priced homes
- Royalton, OH: higher priced homes
- Ringsted, IA: higher priced homes
- Madrid, NE: higher priced homes
- Lyman, NE: higher priced homes
- Liberty, KS: higher priced homes
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