Melvin, KY Foreclosures
How much do homes sell for in Melvin, KY?
The average home price is currently $96,751.
In Melvin, KY, how many homes are available?
There are currently 4 active home listings available in Melvin.
What’s the average rental cost in Melvin, KY?
The average rental price in Melvin is $678.
What is the most expensive home in Melvin?
The most expensive home sold in Melvin had a price of $1,036,965.
What is currently the cheapest priced home in Melvin, KY?
The cheapest home for sale in Melvin is priced at $8,368.
Living in Melvin, KY
Melvin, KY is a tranquil small town encapsulated in stunning Appalachian scenery. It offers a tight-knit community feel with friendly neighbors and a laid-back lifestyle. Perfect for outdoor enthusiasts, Melvin is a place where you can enjoy nature while still being close to larger urban amenities.
Current Market Conditions in Melvin, KY
Currently, Melvin, KY is experiencing a modestly growing real estate market as more people are discovering the charm of rural living. The average home prices have been steadily increasing, particularly for properties with land, reflecting a growing interest in outdoor space and resources.
In recent months, the market has shown signs of stability, indicating that the area is becoming a desirable location for buyers looking for affordable housing options away from larger cities.
Home Value Estimator For Melvin, KY
There are currently 133 real estate properties
in Melvin, KY,
with a median automated valuation model (AVM) price
of $81,472.00. 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, KY, 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, KY,
is $96,751.00, with the most expensive house
in Melvin, KY, topping out
at $1,036,965.00 and the cheapest home
in Melvin, KY,
clocking in at $8,368.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Melvin, KY!
Rent Prices
In Melvin, KY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Melvin, KY, is on
a rollercoaster ride. The
average rent price in Melvin, KY,
is $678.00. Indeed, when looking to rent in
Melvin, KY, you can expect to pay as little
as $400.00 or as much
as $1,320.00,
with the average rent median estimated to
be $630.00. The good news is that finding
an affordable and desirable property to rent in Melvin, KY
-- 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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