Melvin, IA housing market
The typical Melvin home is worth about $136,000, up 5.9% in a year, 43% below the Iowa typical home.
Home values, sales, trends and how Melvin compares with the towns next door — updated as new data is published.
Melvin at a glance
Typical home value, 2022–2026
Show as a table
| January | Melvin | Iowa |
|---|---|---|
| 2023 | $124,000 | $211,000 |
| 2024 | $125,000 | $218,000 |
| 2025 | $133,000 | $228,000 |
| 2026 | $133,000 | $236,000 |
| August 2026 | $136,000 | $240,000 |
A two-bedroom rents for about $920
HUD's Fair Market Rent for a two-bedroom in Melvin is $920 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $680 · 4 bedrooms $1,220
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (51350; O'Brien County, IA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.