Melvin, IL Housing Market
$124,602
3.1% 1-yrThe average Melvin, IL home value is $124,602, up 3.1% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Melvin Key Takeaways
Typical Home Values: $124,602
1-Year Value Change: +3.1%
(Data through September 30, 2026)
Melvin Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Melvin
- NameMedian ZHVI
- Downtown--
- Raub--
- Tab--
- Shady Ln--
- Meadowlawn Area$96,042
- Lincoln Park$76,987
- Center City$44,300
- Vermilipn Heights$68,756
- Holiday Hills$84,913
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Melvin Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Melvin, IL?
The median home value in Melvin, IL is $124,602 as of September 2026. This represents a 1.2% increase compared to last month and a 3.1% increase year-over-year.
How have home values changed in Melvin, IL?
Home values in Melvin, IL have increased by 1.2% month-over-month and 3.1% year-over-year.
How do home values in Melvin, IL compare to Livingston County, Illinois, and the national average?
The median home value in Melvin, IL ($124,602) compares to: Livingston County ($172,343), Illinois ($295,943), and the U.S. national median ($366,157).
