Melvin, KY Foreclosures
How much do homes sell for in Melvin, KY?
The average home price is currently $88,363.
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 $471,963.
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 small and welcoming community surrounded by beautiful natural landscapes, making it perfect for families and outdoor lovers. While maintaining a rural atmosphere, it is close enough to larger towns for additional amenities. Enjoy a peaceful lifestyle in a tight-knit neighborhood.
Current Market Conditions in Melvin, KY
Currently, the real estate market in Melvin, KY, is experiencing moderate activity with a balanced inventory of homes for sale and increased interest from first-time buyers. Overall, property values have shown stability, making it a great time for both buyers and sellers to engage in the market.
Interest in the area has grown notably in recent years, as more people seek peaceful rural locations to escape the hustle of urban environments. This trend is likely to keep the market active, particularly among those looking for affordable housing options.
Home Value Estimator For Melvin, KY
There are currently 132 real estate properties
in Melvin, KY,
with a median automated valuation model (AVM) price
of $83,164.00. 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 $88,363.00, with the most expensive house
in Melvin, KY, topping out
at $471,963.00 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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