Living in Mellott, IN
Melott, IN is a charming rural area characterized by its community spirit and scenic landscapes. It offers a tranquil lifestyle with access to outdoor activities. Residents enjoy a close-knit environment and convenient access to nearby amenities in surrounding towns.
Current Market Conditions in Mellott, IN
The real estate market in Melott is quite stable, with a mix of single-family homes and larger parcels of land for those interested in rural living. Recent trends indicate an increasing interest in affordable housing options in the area, appealing to first-time homebuyers and investors alike.
Prices in the Melott real estate market have remained competitive, giving investors a good opportunity to purchase property in a growing community. As the demand for rural living increases, the potential for appreciation in home values is promising.
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 $111,031.00. 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 $117,484.00, with the most expensive house
in Mellott, IN, topping out
at $273,813.00 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.
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