Melvin, IL housing market
The typical Melvin home is worth about $126,000, up 1.9% in a year, 58% below the Illinois 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, 2016–2026
Show as a table
| January | Melvin | Illinois |
|---|---|---|
| 2017 | $100,000 | $181,000 |
| 2018 | $107,000 | $190,000 |
| 2019 | $101,000 | $195,000 |
| 2020 | $110,000 | $200,000 |
| 2021 | $117,000 | $215,000 |
| 2022 | $114,000 | $236,000 |
| 2023 | $114,000 | $248,000 |
| 2024 | $123,000 | $263,000 |
| 2025 | $129,000 | $278,000 |
| 2026 | $117,000 | $290,000 |
| August 2026 | $126,000 | $298,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
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. Renters already in Melvin pay a median of $681, so moving in tends to cost more than staying put.
Studio $690 · 4 bedrooms $1,300
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (60952; Ford County, IL HUD Metro FMR Area), 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.