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Melvin, IL Real Estate


According to census data in the year 2000 there were 219 housing units in Melvin. This represents a 1.4% growth from 216 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 219 were located in what is classified as a rural area.

Homeownership rate in Melvin is about 85%. Melvin's vacancy rate, including seasonal lodging, is about 11.9%. Average household size is 2.45 people.

The majority of houses, apartments or condos in Melvin were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom6.80%
Two Bedrooms26.50%
Three Bedrooms50.70%
Four Bedrooms12.30%
Five Bedrooms or more3.70%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.51
Median year structure was built1939
Median Value of occupied units$45,600
Median Price asked for vacant units$30,000

Rented Homes, Apartments and Condos

Average Household Size2.1
Median year structure was built1953
Median Monthly Rent asked for vacant units$335

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.60%
Home Equity Loan2.60%
Simple Mortgage40.10%
Debt Free52.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs9.9%