Melandco, NV—89835
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Melandco, NV
As of Oct '25, the median home price in Melandco, NV is $204,000, with a year-over-year change of -6.0%. This indicates that home prices in Melandco, NV are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | -6.0% |
| Single Family | $204,000 | -6.4% |
| 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 | $211,000 | -3.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Melandco, NV
Melandco, NV lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $600 | $620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $600 | $620 |
| 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 — Melandco, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Melandco, NV is 39. This is a decrease of -48.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | 438.0% |
Listing Count | 5 | -41.0% |
| Listings as % of Homes | 0.9% | -41.0% |
Days on Market | 39 | -48.0% |
Demographics — Melandco, NV
As of the latest ACS Survey released in 2023, Melandco, NV has a population of 1,480, which has decreased by -14.5% over the past 5 years. Melandco, NV is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,480 | -14.5% |
% Under 18 | 28.2% | 4.1% |
% Seniors | 9.7% | -46.4% |
% WFH | 5.0% | 455.6% |
% w/ College Degree | 14.7% | 21.5% |
As of the latest ACS Survey released in 2023, Melandco, NV is a predominantly white area, with 60.4% of the population identifying as white. The white population has shrunk by 15.3% in the last 5 years. The second most common race or ethnicity in Melandco, NV is hispanic, making up 23.8% of the population. Foreign-born residents account for 5.5% of the population in Melandco, NV, and this percentage has decreased by 30.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.4% | -15.3% |
% Black | 2.7% | 80.0% |
% Hispanic | 23.8% | 31.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 5.5% | -30.4% |
Mortgage and Risk — Melandco, NV
According to HUD data as of 2023, there were 13 mortgage originations in Melandco, NV, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Melandco, NV. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 13 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 0.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Melandco, NV
Melandco, NV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | $390 | $600 | $990 |
| 2 Bedroom | N/A | N/A | $1,300 |
| 3 Bedroom | N/A | N/A | $1,700 |
| 4 Bedroom | N/A | N/A | $2,180 |
Affordability — Melandco, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $204,000 |
| Median Household Income | $64,600 |