Melvern, KS—66510
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Melvern, KS
As of Oct '25, the median home price in Melvern, KS is $198,000, with a year-over-year change of 7.6%. This indicates that home prices in Melvern, KS are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $198,000 | 7.6% |
| Single Family | $198,000 | 7.6% |
| 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 | $221,000 | 5.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Melvern, KS
Melvern, KS 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 — Melvern, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Melvern, KS is 10. This is a increase of 29.0% 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 | $161,000 | -8.0% |
Listing Count | 2 | -30.0% |
| Listings as % of Homes | 0.6% | -30.0% |
Days on Market | 10 | 29.0% |
Demographics — Melvern, KS
As of the latest ACS Survey released in 2023, Melvern, KS has a population of 619, which has decreased by -18.4% over the past 5 years. Melvern, KS is a moderately popular place for families, as children make up 15.7% of the population. The area has a poorly educated workforce, with 17.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 619 | -18.4% |
% Under 18 | 15.7% | -31.1% |
% Seniors | 27.8% | 117.2% |
% WFH | 17.5% | 173.4% |
% w/ College Degree | 17.1% | 6.9% |
As of the latest ACS Survey released in 2023, Melvern, KS is a predominantly white area, with 96.9% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Melvern, KS is black, making up 1.0% of the population. Foreign-born residents account for 1.3% of the population in Melvern, KS, and this percentage has increased by Inf% 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 | 96.9% | -0.1% |
% Black | 1.0% | 150.0% |
% Hispanic | 0.8% | ∞% |
% Asian | 0.2% | 100.0% |
% Foreign Born | 1.3% | ∞% |
Mortgage and Risk — Melvern, KS
According to HUD data as of 2023, there were 28 mortgage originations in Melvern, KS, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Melvern, KS. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 28 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Melvern, KS
Melvern, KS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,180 |
| 4 Bedroom | N/A | N/A | $1,250 |
Affordability — Melvern, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $198,000 |
| Median Household Income | $56,800 |