Mellott, IN Foreclosures
How much do homes sell for in Mellott, IN?
The average home price is currently $120,927.
In Mellott, IN, how many homes are available?
There are currently 2 active home listings available in Mellott.
What’s the average rental cost in Mellott, IN?
The average rental price in Mellott is $1,040.
What is the most expensive home in Mellott?
The most expensive home sold in Mellott had a price of $271,232.
What is currently the cheapest priced home in Mellott, IN?
The cheapest home for sale in Mellott is priced at $18,067.
Living in Mellott, IN
Mellott, IN is a quaint small town that embodies the essence of rural American life. This peaceful community boasts friendly neighbors, scenic views, and ample opportunities for outdoor activities. With its rich history and simple lifestyle, Mellott offers an affordable and welcoming environment for families and individuals alike.
Current Market Conditions in Mellott, IN
The real estate market in Mellott, IN remains stable, showing consistent demand for single-family homes. Recent trends indicate that buyers appreciate the affordability and spacious lots that the area offers compared to urban centers nearby.
Slow market growth in Mellott has led to a slight increase in home prices, making it a great opportunity for potential investors looking for value. While housing inventory is limited, the attractive pricing and rural charm continue to draw interest from first-time buyers and retirees.
Home Value Estimator For Mellott, IN
There are currently 86 real estate properties
in Mellott, IN,
with a median automated valuation model (AVM) price
of $115,654.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mellott, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Mellott, IN,
is $120,927.00, with the most expensive house
in Mellott, IN, topping out
at $271,232.00 and the cheapest home
in Mellott, IN,
clocking in at $18,067.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mellott, IN!
Rent Prices
In Mellott, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mellott, IN, is on
a rollercoaster ride. The
average rent price in Mellott, IN,
is $1,040.00. Indeed, when looking to rent in
Mellott, IN, you can expect to pay as little
as $670.00 or as much
as $1,570.00,
with the average rent median estimated to
be $1,000.00. The good news is that finding
an affordable and desirable property to rent in Mellott, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
