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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||0%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||9.9%|