Melvindale, MI 48122 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Melvindale, MI—48122

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$137,000

0.6% YoY Growth

Household Income

$41,400

5.1% YoY Growth

Days on Market

14.0% Shorter YoY

Home Price Forecast

2.1%

Median Rent

$950

7.7% YoY Growth

1-Bed Rent

$895

8.6% YoY Growth

2-Bed Rent

$1,220

6.7% YoY Growth

3-Bed Rent

$1,400

3.6% YoY Growth

Home Price Trends — Melvindale, MI

As of Nov '25, the median home price in Melvindale, MI is $137,000, with a year-over-year change of 0.6%. This indicates that home prices in Melvindale, MI are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$137,000	0.6%
Single Family	$135,000	0.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Melvindale, MI

As of July '25, Rentcast reports the average rent in Melvindale, MI is $1,120, with a year-over-year rent change of 7.7%. Per bedroom, the median rent as of July '25 in Melvindale, MI is 1-bedrooms: $943, 2-bedrooms: $1,270, 3-bedrooms: $1,450. The most common rental property sizes in Melvindale, MI are 1-bedroom and 2-bedroom, accounting for 33.2% and 28.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$950	$1,120
Studio Rent	N/A	N/A
1 Bed Rent	$895	$943
2 Bed Rent	$1,220	$1,270
3 Bed Rent	$1,400	$1,450
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

5.9%

1 Bedroom

33.2%

2 Bedrooms

28.9%

3 Bedrooms

26.7%

4 Bedrooms

3.8%

5+ Bedrooms

1.5%

Property Listings — Melvindale, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Melvindale, MI is 31. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$162,000	17.0%
Listing Count	28	25.0%
Listings as % of Homes	0.3%	25.0%
Days on Market	31	-14.0%

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Demographics — Melvindale, MI

As of the latest ACS Survey released in 2023, Melvindale, MI has a population of 12,600, which has increased by 21.0% over the past 5 years. Melvindale, MI is a popular place for families, as children make up 31.1% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	12,600	21.0%
% Under 18	31.1%	0.0%
% Seniors	8.6%	-18.9%
% WFH	7.2%	380.0%
% w/ College Degree	15.0%	36.4%

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As of the latest ACS Survey released in 2023, Melvindale, MI is a predominantly white area, with 62.5% of the population identifying as white. The white population has grown by 10.8% in the last 5 years. The second most common race or ethnicity in Melvindale, MI is hispanic, making up 23.1% of the population. Foreign-born residents account for 18.1% of the population in Melvindale, MI, and this percentage has increased by 16.8% 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	62.5%	10.8%
% Black	12.5%	-12.6%
% Hispanic	23.1%	5.5%
% Asian	0.0%	-100.0%
% Foreign Born	18.1%	16.8%

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Mortgage and Risk — Melvindale, MI

According to HUD data as of 2023, there were 113 mortgage originations in Melvindale, MI, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Melvindale, MI. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	113
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	16.0%

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Rentals and Section 8 — Melvindale, MI

Melvindale, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	294
Total Units Section 8	294
% Rentals under Section 8	16.8%
% Occupied Section 8	93.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$175	$895	$1,070
2 Bedroom	$130	$1,220	$1,350
3 Bedroom	$250	$1,400	$1,650
4 Bedroom	N/A	N/A	$1,790

Melvindale, MI—48122

Key Metrics at a Glance

Home Price Trends — Melvindale, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Melvindale, MI

% of Rental Stock

Property Listings — Melvindale, MI

Demographics — Melvindale, MI

Race and Ethnicity

Mortgage and Risk — Melvindale, MI

Mortgages

Rentals and Section 8 — Melvindale, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Melvindale, MI

Home Price to Income Ratio

Melvindale, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Boynton, Detroit, MI

Dearborn, MI

Lincoln Park, MI

Allen Park, MI

River Rouge, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$137,000
Median Household Income	$41,400

Melvindale, MI—48122

Key Metrics at a Glance

Home Price Trends — Melvindale, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Melvindale, MI

% of Rental Stock

Property Listings — Melvindale, MI

Demographics — Melvindale, MI

Race and Ethnicity

Mortgage and Risk — Melvindale, MI

Mortgages

Rentals and Section 8 — Melvindale, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Melvindale, MI

Home Price to Income Ratio

Melvindale, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Boynton, Detroit, MI

Dearborn, MI

Lincoln Park, MI

Allen Park, MI

River Rouge, MI

Frequently Asked Questions

What is the average home price in Melvindale, MI 48122?

How have home prices in Melvindale, MI 48122 changed over the past year?

What is the home price projection for Melvindale, MI 48122?

What are the demographics of Melvindale, MI 48122?

How long does it take homes to sell in Melvindale, MI 48122?

What is the average rent price in Melvindale, MI 48122?