Melvin, IL Real Estate
According to census data in the year 2000 there were 219 housing units in Melvin.
This represents a 1.4% growth from 216 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 219 were located in what is classified as a rural area.
Homeownership rate in Melvin is about 85%.
Melvin's vacancy rate, including seasonal lodging, is about 11.9%.
Average household size is 2.45 people.
The majority of houses, apartments or condos in Melvin were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.80% |
| Two Bedrooms | 26.50% |
| Three Bedrooms | 50.70% |
| Four Bedrooms | 12.30% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.51 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $45,600 |
| Median Price asked for vacant units | $30,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $335 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.60% |
| Home Equity Loan | 2.60% |
| Simple Mortgage | 40.10% |
| Debt Free | 52.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 9.9% |
