Melvin, IL 60952 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Melvin, IL—60952

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$108,000

2.8% YoY Growth

Household Income

$57,200

10.2% YoY Growth

Days on Market

N/A

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Melvin, IL

Melvin, IL lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$108,000	-2.8%
Single Family	$108,000	-4.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Melvin, IL

Melvin, IL lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

2.7%

2 Bedrooms

29.7%

3 Bedrooms

48.6%

4 Bedrooms

18.9%

Property Listings — Melvin, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Melvin, IL is 82. This is a increase of 66.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$175,000	N/A
Listing Count	3	N/A
Listings as % of Homes	0.3%	N/A
Days on Market	54	N/A

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Demographics — Melvin, IL

As of the latest ACS Survey released in 2023, Melvin, IL has a population of 654, which has decreased by -4.7% over the past 5 years. Melvin, IL is a moderately popular place for families, as children make up 24.8% of the population. The area has a moderately educated workforce, with 28.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	654	-4.7%
% Under 18	24.8%	-21.3%
% Seniors	11.9%	-12.5%
% WFH	4.8%	77.8%
% w/ College Degree	28.3%	43.7%

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As of the latest ACS Survey released in 2023, Melvin, IL is a predominantly white area, with 91.7% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Melvin, IL is black, making up 0.3% of the population. Foreign-born residents account for 2.4% of the population in Melvin, IL, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	91.7%	-1.3%
% Black	0.3%	∞%
% Hispanic	0.2%	-95.7%
% Asian	0.0%	-100.0%
% Foreign Born	2.4%	50.0%

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Mortgage and Risk — Melvin, IL

Melvin, IL lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Melvin, IL

Melvin, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$670
2 Bedroom	N/A	N/A	$880
3 Bedroom	N/A	N/A	$1,230
4 Bedroom	N/A	N/A	$1,230

Melvin, IL—60952

Key Metrics at a Glance

Home Price Trends — Melvin, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Melvin, IL

% of Rental Stock

Property Listings — Melvin, IL

Demographics — Melvin, IL

Race and Ethnicity

Mortgage and Risk — Melvin, IL

Mortgages

Rentals and Section 8 — Melvin, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Melvin, IL

Home Price to Income Ratio

Melvin, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Roberts, IL

Elliott

Sibley, IL

Strawn, IL

Gibson City, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.8
Median Home Price	$108,000
Median Household Income	$57,200

Melvin, IL—60952

Key Metrics at a Glance

Home Price Trends — Melvin, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Melvin, IL

% of Rental Stock

Property Listings — Melvin, IL

Demographics — Melvin, IL

Race and Ethnicity

Mortgage and Risk — Melvin, IL

Mortgages

Rentals and Section 8 — Melvin, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Melvin, IL

Home Price to Income Ratio

Melvin, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Roberts, IL

Elliott

Sibley, IL

Strawn, IL

Gibson City, IL

Frequently Asked Questions

What is the average home price in Melvin, IL 60952?

How have home prices in Melvin, IL 60952 changed over the past year?

What is the home price projection for Melvin, IL 60952?

What are the demographics of Melvin, IL 60952?

How long does it take homes to sell in Melvin, IL 60952?

What is the average rent price in Melvin, IL 60952?