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 $128,199, lower than the Michigan average of $196,062.
The average cost of rent is $816/mo in Melvin, primarily driven by the current value of real estate in the Melvin area. While nearly 38.51% of residents own their homes outright in Melvin, 12.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melvin is $4,324 per month. Households that rent pay about 18.88% of their income on rent here. Melvin's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Valley Center, MI: equally priced homes
- Peck, MI: less expensive homes
- Yale, MI: equally priced homes
- Roseburg, MI: higher priced homes
- Brown City, MI: equally priced homes
- Fargo, MI: higher priced homes
- Watertown, MI: equally priced homes
- Croswell, MI: equally priced homes
- Avoca, MI: higher priced homes
- Burnside, MI: higher priced homes
Cities with Similar Populations
- Sappho, WA: higher priced homes
- Norwood, CO: higher priced homes
- Oak Grove Heights, AR: higher priced homes
- Oak Park, MN: higher priced homes
- Rocksprings, TX: less expensive homes
- Rothsay, MN: higher priced homes
- Rupert, WV: less expensive homes
- Rushville, NE: less expensive homes
- Sand Spring, PA: higher priced homes
- Sanostee, NM: less expensive homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood