Home prices
The median home value in Melvin is $114,400. Compared to its nearby areas this is approximately $33,100 (40%) higher.In comparison to the country as a whole it is approximately $103,100 (47%) lower, and in comparison to the city of Detroit is about $65,200 (132%) higher.
Rents
The median monthly rent in Melvin is $767. This is about $101 (15%) higher in comparison to nearby areas.In comparison to the rest of the nation it is roughly $295 (27%) lower, and in comparison to the city of Detroit it is approximately $57 (6%) lower.
Nearby places
Yale
Yale is about 4 miles southeast from Melvin. Housing prices there are a lot less expensive. The median home price in Yale is $83,200, which is $31,200 (37%) lower than Melvin. Rents there are a little less expensive. The median monthly rent in Yale is $689, which comes out to $78 (11%) lower than Melvin.
Peck
Peck is approximately 5 miles north of Melvin. The real estate prices there are substantially less expensive. The median home value in Peck is $82,600, which is $31,800 (38%) lower than Melvin. Rents there are somewhat less expensive. The median monthly rent in Peck is $592, which works out to $175 (29%) lower than Melvin.
Brown City
Brown City is roughly 5 miles west of Melvin. Its real estate prices are substantially less expensive. The median home in Brown City costs $70,900, which comes out to $43,500 (61%) lower than Melvin. Rent there is a little less expensive. Brown City's median rent is $655 per month, which is $112 (17%) lower than Melvin.
Croswell
Croswell is approximately 11 miles northeast of Melvin. Its real estate prices are substantially less expensive. Croswell's median home value is $82,300, which is $32,100 (39%) lower than Melvin. Rents there are a bit less expensive. Croswell's median monthly rent is $611, which is $156 (25%) lower than Melvin.
Capac
Capac is roughly 11 miles south from Melvin. Housing prices there are somewhat less expensive. The cost of the median home in Capac is $87,500, which is $26,900 (30%) lower than Melvin. Its rents are similar. In Capac the median rent is $784 per month, which is $17 (2%) higher than Melvin.
