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Mellott, IN Real Estate


According to census data in the year 2000 there were 122 housing units in Mellott. This represents a 24.5% growth from 98 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 122 were located in what is classified as a rural area.

Homeownership rate in Mellott is about 73.5%. Mellott's vacancy rate, including seasonal lodging, is about 16.4%. Average household size is 2.24 people.

The majority of houses, apartments or condos in Mellott were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom18%
Two Bedrooms41%
Three Bedrooms36.10%
Four Bedrooms4.90%
Five Bedrooms or more0%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1970
Median Value of occupied units$49,300

Rented Homes, Apartments and Condos

Average Household Size1.67
Median year structure was built1981
Median Monthly Rent asked for vacant units$414

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan17.10%
Simple Mortgage39%
Debt Free43.90%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs14.7%