Is Melvin expensive?

Melvin, IA

State	Iowa
Population	266
Links
Wikipedia article Census profile
Maps
OpenStreetMaps Google Maps Bing Maps MapQuest

Melvin, IA

State

Population

266

In comparison to other places in this area, Melvin is a lot less expensive, and it is substantially less expensive compared to the entire nation. It is significantly less expensive compared to the city of Sioux Falls.

Home prices

The median home value in Melvin is $46,800. This is about $42,920 (47%) lower compared to its surrounding areas.Compared to the entire country it is about $170,700 (78%) lower, and it is about $143,000 (75%) lower compared to the city of Sioux Falls.

United States

Sioux Falls

Sheldon

Sanborn

Hartley

Sibley

Ashton

Melvin

Comparison of median Melvin home price to nearby areas

Distribution of home prices for Melvin and nearby areas

Rents

The median monthly rent in Melvin is $505. Compared to other places in this area this is roughly $132 (20%) lower.In comparison to the US as a whole it is approximately $557 (52%) lower, and compared to the city of Sioux Falls it is roughly $322 (38%) lower.

United States

Sioux Falls

Ashton

Hartley

Sibley

Sanborn

Sheldon

Melvin

Comparison of median Melvin rent to nearby areas

Distribution of rents for Melvin and nearby areas

Nearby places

Sanborn

Sanborn is approximately 7 miles south of Melvin. Housing prices there are a lot more expensive. The price of the median home in Sanborn is $95,800, which comes out to $49,000 (51%) higher than Melvin. Its rents are a bit more expensive. In Sanborn the median rent is $595 a month, which works out to $90 (15%) higher than Melvin.

Ashton

Ashton is approximately 8 miles west from Melvin. Real estate prices there are somewhat more expensive. Ashton's median home price is $64,800, which is $18,000 (27%) higher than Melvin. Rent there is a bit more expensive. In Ashton the median monthly rent is $707, which comes out to $202 (28%) higher than Melvin.

Hartley

Hartley is approximately 8 miles southeast from Melvin. Real estate prices there are substantially more expensive. The median home cost in Hartley is $79,400, which comes out to $32,600 (41%) higher than Melvin. Its rents are somewhat more expensive. The median monthly rent in Hartley is $669, which is $164 (24%) higher than Melvin.

Sibley

Sibley is about 9 miles northwest of Melvin. Its housing prices are significantly more expensive. Sibley's median home value is $78,100, which is $31,300 (40%) higher than Melvin. Rents there are a bit more expensive. The median rent in Sibley is $654 per month, which comes out to $149 (22%) higher than Melvin.

Sheldon

Sheldon is roughly 12 miles southwest of Melvin. The housing prices there are significantly more expensive. The value of the median home in Sheldon is $130,500, which comes out to $83,700 (64%) higher than Melvin. Its rents are a bit more expensive. In Sheldon the median rent is $558 per month, which is $53 (9%) higher than Melvin.