Melvin, TX Foreclosures
How much do homes sell for in Melvin, TX?
The average home price is currently $128,096.
What’s the average rental cost in Melvin, TX?
The average rental price in Melvin is $1,103.
What is the most expensive home in Melvin?
The most expensive home sold in Melvin had a price of $794,900.
What is currently the cheapest priced home in Melvin, TX?
The cheapest home for sale in Melvin is priced at $22,088.
Living in Melvin, TX
Melvin, TX is a serene small town that offers a peaceful lifestyle amid the beautiful Texan landscape. With a strong sense of community and accessibility to outdoor activities, it provides an ideal environment for families and individuals seeking tranquility and a slower pace of life. Local amenities and schools further enrich the appealing lifestyle in Melvin.
Current Market Conditions in Melvin, TX
The real estate market in Melvin, TX has maintained a stable trajectory, characterized by modest growth in home values over the past year. The area's affordability compared to larger urban centers continues to attract homebuyers looking for reasonable property prices and spacious homes, making it an enticing market for first-time buyers and retirees alike.
In recent months, interest in Melvin has increased, with more homebuyers seeking rural properties. This has led to a slight uptick in home prices, though they remain competitively priced. Investors view this small town as an emerging market with potential for future growth, driven by its affordable living costs and expansion of local amenities.
Home Value Estimator For Melvin, TX
There are currently 136 real estate properties
in Melvin, TX,
with a median automated valuation model (AVM) price
of $64,163.00. 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, TX, 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, TX,
is $128,096.00, with the most expensive house
in Melvin, TX, topping out
at $794,900.00 and the cheapest home
in Melvin, TX,
clocking in at $22,088.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Melvin, TX!
Rent Prices
In Melvin, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Melvin, TX, is on
a rollercoaster ride. The
average rent price in Melvin, TX,
is $1,103.00. Indeed, when looking to rent in
Melvin, TX, you can expect to pay as little
as $700.00 or as much
as $2,160.00,
with the average rent median estimated to
be $1,010.00. The good news is that finding
an affordable and desirable property to rent in Melvin, TX
-- 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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