Home Values

Melvin Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median price of homes currently listed in Melvin is $59,900.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Melvin is 15.4%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Melvin homeowners underwater on their mortgage is 27.7%, which is higher than Champaign-Urbana Metro at 14.8%.

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Relative ZHVI
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Melvin Market Overview

  • No data
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Melvin Market Health

Data through Dec 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 27.7% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 15.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Fisher $125,400
Rantoul $79,900
 

Listings & Sales

Data through Dec 31, 2014
  • No recent data Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 8.3% Listings with price cut
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Melvin Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,039 Champaign-Urbana Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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