Living in Mellott, IN
Mellott is a charming small town in Indiana offering a peaceful rural lifestyle surrounded by nature. With a close-knit community, residents enjoy the tranquility and beauty of Indiana's countryside. The town's rich agricultural background provides a serene environment with various outdoor activities available.
Current Market Conditions in Mellott, IN
The real estate market in Mellott, IN is relatively stable, with an increasing interest from buyers looking for affordable housing options in rural areas. Recent trends show a slight uptick in property values as more individuals and families seek homes away from the hustle and bustle of larger cities.
With a strong sense of community and limited housing inventory, homes in Mellott are selling faster than they did over a year ago. The demand for properties in smaller towns has contributed to a competitive market, especially for well-maintained homes close to the town center.
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 $114,624.00. 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 $120,749.00, with the most expensive house
in Mellott, IN, topping out
at $268,752.00 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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