Home prices
The median home in Melvin costs $61,600. This is roughly $6,060 (8%) lower compared to other places in this area.In comparison to the entire nation it is roughly $155,900 (71%) lower, and compared to the city of Chicago is about $196,400 (76%) lower.
Rents
The median monthly rent in Melvin is $668. It is about $11 (1%) higher in comparison to its surrounding areas.Compared to the entire nation it is approximately $394 (37%) lower, and is approximately $444 (39%) lower in comparison to the city of Chicago.
Nearby places
Roberts
Roberts is approximately 4 miles northeast of Melvin. The real estate prices there are somewhat less expensive. The median home price in Roberts is $50,000, which is $11,600 (23%) lower than Melvin. Rent there is a little more expensive. In Roberts the median monthly rent is $816, which is $148 (18%) higher than Melvin.
Sibley
Sibley is about 6 miles west of Melvin. Its housing prices are somewhat more expensive. The median home in Sibley is valued at $67,000, which comes out to $5,400 (8%) higher than Melvin. The rent there is pretty similar. The median rent in Sibley is $638 per month, which comes out to $30 (4%) lower than Melvin.
Elliott
Elliott is roughly 7 miles south from Melvin. The housing prices there are a bit more expensive. The median home price in Elliott is $79,100, which works out to $17,500 (22%) higher than Melvin. The rent there is a little more expensive. Elliott's median rent is $733 a month, which comes out to $65 (8%) higher than Melvin.
Loda
Loda is roughly 8 miles southeast from Melvin. Its real estate prices are somewhat more expensive. The cost of the median home in Loda is $81,000, which is $19,400 (23%) higher than Melvin. Its rents are a bit less expensive. The median rent in Loda is $567 a month, which comes out to $101 (17%) lower than Melvin.
Thawville
Thawville is about 9 miles northeast from Melvin. The housing prices there are fairly similar. The value of the median home in Thawville is $61,200, which is very similar to Melvin. Rents there are a little less expensive. Thawville's median rent is $529 a month, which comes out to $139 (26%) lower than Melvin.
