Melvin, IA Foreclosures
How much do homes sell for in Melvin, IA?
The average home price is currently $123,715.
In Melvin, IA, how many homes are available?
There are currently 7 active home listings available in Melvin.
What’s the average rental cost in Melvin, IA?
The average rental price in Melvin is $970.
What is the most expensive home in Melvin?
The most expensive home sold in Melvin had a price of $537,382.
What is currently the cheapest priced home in Melvin, IA?
The cheapest home for sale in Melvin is priced at $21,633.
Living in Melvin, IA
Melvin, IA is a quaint small town in Osceola County, offering residents a serene lifestyle surrounded by beautiful landscapes. With its friendly community and local amenities, Melvin is perfect for those seeking a peaceful retreat from urban life. Enjoy outdoor activities and a strong sense of community in this charming Iowa town.
Current Market Conditions in Melvin, IA
The current real estate market in Melvin shows stability, with a slow but steady appreciation in home values. The demand is low, typical for smaller towns, but there are opportunities for buyers looking for affordable housing options, particularly for first-time buyers or those seeking investment properties.
The rental market holds promise as well, with a growing trend of people looking for comfort in countryside living. The supply is manageable, with a variety of single-family homes available.
Investors might find potential in Melvin due to the affordable price points in comparison to larger towns, inviting an opportunity for rental businesses or flips.
Home Value Estimator For Melvin, IA
There are currently 150 real estate properties
in Melvin, IA,
with a median automated valuation model (AVM) price
of $91,194.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Melvin, IA, 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 Melvin, IA,
is $123,715.00, with the most expensive house
in Melvin, IA, topping out
at $537,382.00 and the cheapest home
in Melvin, IA,
clocking in at $21,633.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Melvin, IA!
Rent Prices
In Melvin, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Melvin, IA, is on
a rollercoaster ride. The
average rent price in Melvin, IA,
is $970.00. Indeed, when looking to rent in
Melvin, IA, you can expect to pay as little
as $610.00 or as much
as $1,400.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Melvin, IA
-- 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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