Housing in Melvin, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$123,461
Melvin vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Melvin is highlighted.
Median Home Value
3rd%ilemost expensive$51,500show rank
Median Rent
8th%ilemost expensive rent$600show rank
Rent Burden
5th%ilehighest rent burden10.9%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$51,500
Median Rent
$600
Total Housing Units
123
Vacancy Rate
13.0%
Owner Occupied
79.4%
Renter Occupied
20.6%
Median Property Tax
$656
per year
Monthly Cost (w/ Mortgage)
$606
Housing Types
Single Family91.9%
Multi-Family6.5%
Mobile Home1.6%
The median home value in Melvin, IA is $51,500. According to Zillow, the home value index for Melvin is $123,461. The median rent is $600 per month (Census ACS). About 79.4% of housing units are owner-occupied. The median year homes were built is 1954. There are 123 total housing units.