Mellott, IN Foreclosures
How much do homes sell for in Mellott, IN?
The average home price is currently $122,433.
What’s the average rental cost in Mellott, IN?
The average rental price in Mellott is $1,039.
What is the most expensive home in Mellott?
The most expensive home sold in Mellott had a price of $272,548.
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 picturesque rural community surrounded by stunning agricultural landscapes. Known for its tight-knit atmosphere, it offers residents a serene lifestyle while still being accessible to larger towns nearby. Outdoor activities abound, making it a great choice for nature lovers and families alike.
Current Market Conditions in Mellott, IN
The real estate market in Mellott, IN is currently steady, with a healthy mix of homes available for purchase. The demand for rural living has increased slightly, driven by buyers looking for more space and calm environments, particularly post-pandemic.
Interest rates have remained relatively low, encouraging first-time buyers and investors to explore properties in this quaint community. Overall, competition is moderate, with properties generally selling within a reasonable timeframe.
Home Value Estimator For Mellott, IN
There are currently 87 real estate properties
in Mellott, IN,
with a median automated valuation model (AVM) price
of $118,273.00. 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 $122,433.00, with the most expensive house
in Mellott, IN, topping out
at $272,548.00 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 $1,039.00. 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
