Melvin, KY Foreclosures
How much do homes sell for in Melvin, KY?
The average home price is currently $90,291.
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 $644,048.
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 charming small town that embodies the spirit of rural Appalachian living. Residents enjoy a tight-knit community with proximity to nature and essential amenities. The surrounding area offers various outdoor recreational opportunities, making it a peaceful haven for families and nature lovers alike.
Current Market Conditions in Melvin, KY
The real estate market in Melvin, KY, is relatively stable, characterized by affordable home prices compared to both statewide and national averages. The area is seeing gradual interest from homebuyers seeking a quiet lifestyle and natural beauty, contributing to a slow but steady increase in property values.
With the ongoing economic development in nearby towns, the demand for homes in Melvin is expected to rise, especially as more families and retirees seek out the tranquility of rural living.
Home Value Estimator For Melvin, KY
There are currently 154 real estate properties
in Melvin, KY,
with a median automated valuation model (AVM) price
of $80,982.00. 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 $90,291.00, with the most expensive house
in Melvin, KY, topping out
at $644,048.00 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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