Housing in Melvin, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$110,068
Melvin vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Melvin is highlighted.
Median Home Value
6th%ilemost expensive$62,000show rank
Median Rent
32nd%ilemost expensive rent$817show rank
Rent Burden
91st%ilehighest rent burden28.0%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$62,000
Median Rent
$817
Total Housing Units
213
Vacancy Rate
21.1%
Owner Occupied
84.5%
Renter Occupied
15.5%
Median Property Tax
$1,233
per year
Monthly Cost (w/ Mortgage)
$389
Housing Types
Single Family93.0%
Multi-Family4.2%
Mobile Home2.8%
The median home value in Melvin, IL is $62,000. According to Zillow, the home value index for Melvin is $110,068. The median rent is $817 per month (Census ACS). About 84.5% of housing units are owner-occupied. The median year homes were built is 1953. There are 213 total housing units.