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  4. /Melvindale, MI - 48122

Melvindale, MI—48122

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$144,000
1.8% YoY Growth
Household Income
$41,400
5.1% YoY Growth
Days on Market
36
51.0% Longer YoY
Home Price Forecast
0.8%
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Melvindale, MI

As of May '26, the median home price in Melvindale, MI is $144,000, with a year-over-year change of 1.8%. This indicates that home prices in Melvindale, MI are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$144,0001.8%
Single Family $142,0001.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$131,0000.8%
    3 Bed
    		$156,0002.0%
    4 Bed
    		$183,0001.7%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.2%
    1 Bedroom
    15.6%
    2 Bedrooms
    33.2%
    3 Bedrooms
    42.3%
    4 Bedrooms
    5.2%
    5+ Bedrooms
    1.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$950$1,120
    Studio Rent N/AN/A
    1 Bed Rent $895$943
    2 Bed Rent $1,220$1,270
    3 Bed Rent $1,400$1,450
    4 Bed Rent N/AN/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 May '26, Realtor.com reports that the median days on market for a home in Melvindale, MI is 36. This is a increase of 51.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$160,0001.0%
    Listing Count
    		250.0%
    Listings as % of Homes0.3%0.0%
    Days on Market
    		3651.0%
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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.

    MetricLatest CensusYoY % Change
    Population
    		12,60021.0%
    % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$175$895$1,070
    2 Bedroom$130$1,220$1,350
    3 Bedroom$250$1,400$1,650
    4 BedroomN/AN/A$1,790

    Affordability — Melvindale, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$144,000
    Median Household Income$41,400

    Melvindale, MI — ZIP Code Boundary Map

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    Frequently Asked Questions