Mellott, IN Real Estate
According to census data in the year 2000 there were 122 housing units in Mellott.
This represents a 24.5% growth from 98 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 122 were located in what is classified as a rural area.
Homeownership rate in Mellott is about 73.5%.
Mellott's vacancy rate, including seasonal lodging, is about 16.4%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Mellott were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 18% |
| Two Bedrooms | 41% |
| Three Bedrooms | 36.10% |
| Four Bedrooms | 4.90% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $49,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.67 |
| Median year structure was built | 1981 |
| Median Monthly Rent asked for vacant units | $414 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 17.10% |
| Simple Mortgage | 39% |
| Debt Free | 43.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
