Melvin, IA Real Estate
According to census data in the year 2000 there were 128 housing units in Melvin.
This represents a 2.3% decline from 131 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 128 were located in what is classified as a rural area.
Homeownership rate in Melvin is about 86.1%.
Melvin's vacancy rate, including seasonal lodging, is about 10.2%.
Average household size is 2.05 people.
The majority of houses, apartments or condos in Melvin were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 19.50% |
| Two Bedrooms | 32.80% |
| Three Bedrooms | 33.60% |
| Four Bedrooms | 10.20% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $25,800 |
| Median Price asked for vacant units | $11,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.25 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $225 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 25% |
| Debt Free | 75% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 9.9% |
