House Prices

House Prices & Home Values Melvin, IL 2026


Average Data

average house price$71,300
average size per house1390 ft²
average price per ft²52 $ / ft²

04/16/2026 - The value range (VR) for house prices in Melvin, IL is $51/ sqft to $51/ sqft. An average home with 1390 sqft costs approximately $70,890 to $70,890. Melvin, IL includes 1 ZIP codes and it is located in Ford county. The lowest prices are found in ZIP 60952, while the highest are in ZIP 60952. The average price per sqare feet is $52. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Melvin

6095253 $ / ft²




Historical development of home values in Melvin

Year Estimated value (USD) Change vs. 2025
2010 $33,113 -53.6%
2011 $31,833 -55.4%
2012 $31,747 -55.5%
2013 $32,933 -53.8%
2014 $34,571 -51.5%
2015 $36,345 -49.0%
2016 $38,242 -46.4%
2017 $40,306 -43.5%
2018 $42,535 -40.3%
2019 $44,507 -37.6%
2020 $46,808 -34.4%
2021 $53,239 -25.3%
2022 $62,064 -13.0%
2023 $65,450 -8.2%
2024 $69,236 -2.9%
2025 $71,300 0.0%

Graph: estimated home values in Melvin over time (USD)



Example: 100% financing house in Melvin

Loan amount: $71,300

Interest rate: 6.00%

Fixed monthly payment: $427.48

Breakdown in the 1st month:
Interest portion: $356.50  –  Principal portion: $70.98

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $4,254.18 $875.57 $70,424.43
2 $4,200.18 $929.58 $69,494.85
3 $4,142.84 $986.91 $68,507.94
4 $4,081.97 $1,047.78 $67,460.16
5 $4,017.35 $1,112.41 $66,347.76
6 $3,948.74 $1,181.02 $65,166.74
7 $3,875.90 $1,253.86 $63,912.88
8 $3,798.56 $1,331.19 $62,581.69
9 $3,716.46 $1,413.30 $61,168.39
10 $3,629.29 $1,500.47 $59,667.92
11 $3,536.74 $1,593.01 $58,074.91
12 $3,438.49 $1,691.27 $56,383.64
13 $3,334.17 $1,795.58 $54,588.06
14 $3,223.43 $1,906.33 $52,681.73
15 $3,105.85 $2,023.91 $50,657.83
16 $2,981.02 $2,148.74 $48,509.09
17 $2,848.49 $2,281.27 $46,227.82
18 $2,707.78 $2,421.97 $43,805.85
19 $2,558.40 $2,571.35 $41,234.50
20 $2,399.81 $2,729.95 $38,504.56
21 $2,231.43 $2,898.32 $35,606.23
22 $2,052.67 $3,077.09 $32,529.15
23 $1,862.88 $3,266.87 $29,262.27
24 $1,661.39 $3,468.37 $25,793.91
25 $1,447.47 $3,682.29 $22,111.62
26 $1,220.35 $3,909.40 $18,202.21
27 $979.23 $4,150.53 $14,051.69
28 $723.23 $4,406.52 $9,645.16
29 $451.45 $4,678.31 $4,966.86
30 $162.90 $4,966.86 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Melvin, IL


1500 sqft3900 sqft
Ø selling price$94,381$200,773
Ø fast selling$85,800$180,695
Ø high price sale$102,961$220,850

In 2026, houses in Melvin, IL will be offered at an average price of $52 per square foot. A 1,500 sqft home priced at $94,381 is 23.71% more expensive per square foot than a 3,900 sqft home priced at $200,773. Home prices in Melvin, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $138,996. Sellers who can wait longer may achieve a higher price of up to $169,884.

FAQ – Home Values in Melvin

What is the median home value in Melvin in 2026?

In 2026, the typical home value in Melvin is about $71,300 for an average home size of 1390 square feet. This corresponds to an average price of roughly $52 per square foot.

What is the average cost per square foot in Melvin?

In 2026, homes in Melvin sell for an average of around $52 per square foot, with a typical range between $51 and $51 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Melvin is about 1390 square feet, with an estimated 2026 value around $71,300.



Locations close to Melvin, IL

Milford, IL50 $ / ft²
Momence, IL88 $ / ft²
Onarga, IL91 $ / ft²
Martinton, IL91 $ / ft²
Manteno, IL167 $ / ft²
Ludlow, IL135 $ / ft²
  imprint  Privacy