Melody Hill, IN Real Estate

According to census data in the year 2000 there were 1,180 housing units in Melody Hill. This represents a 13.1% growth from 1,043 in 1990.

Of those housing units, 1,180 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Melody Hill is about 95.7%. Melody Hill's vacancy rate, including seasonal lodging, is about 3.2%. Average household size is 2.64 people.

The majority of houses, apartments or condos in Melody Hill were built after 1970.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom1.30%
Two Bedrooms14.20%
Three Bedrooms59.90%
Four Bedrooms20.80%
Five Bedrooms or more3.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.66
Median year structure was built1970
Median Value of occupied units$112,000
Median Price asked for vacant units$103,600

Rented Homes, Apartments and Condos

Average Household Size2.06
Median year structure was built1970

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage10%
Home Equity Loan9.50%
Simple Mortgage49.60%
Debt Free30.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.3%