Melvin, IL—60952
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | -2.3% |
| Single Family | $108,000 | -2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Melvin, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Melvin, IL is 117. This is a increase of 77.0% 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 | $224,000 | 54.0% |
Listing Count | 1 | -11.0% |
| Listings as % of Homes | 0.3% | -11.0% |
Days on Market | 117 | 77.0% |
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% |
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% |
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 |
Loan Activity
No data available
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 |
Affordability — Melvin, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $108,000 |
| Median Household Income | $57,200 |