Melody Hill, IN Real Estate
According to census data in the year 2000 there were 1,180 housing units in Melody Hill.
This represents a 13.1% growth from 1,043 in 1990.
Of those housing units, 1,180 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Melody Hill is about 95.7%.
Melody Hill's vacancy rate, including seasonal lodging, is about 3.2%.
Average household size is 2.64 people.
The majority of houses, apartments or condos in Melody Hill were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.30% |
| Two Bedrooms | 14.20% |
| Three Bedrooms | 59.90% |
| Four Bedrooms | 20.80% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $112,000 |
| Median Price asked for vacant units | $103,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1970 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10% |
| Home Equity Loan | 9.50% |
| Simple Mortgage | 49.60% |
| Debt Free | 30.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.3% |
