House Prices

House Prices & Home Values Melvindale, MI 2026


Average Data

average house price$122,394
average size per house1004 ft²
average price per ft²122 $ / ft²

04/04/2026 - The value range (VR) for house prices in Melvindale, MI is $133/ sqft to $133/ sqft. An average home with 1004 sqft costs approximately $133,532 to $133,532. Melvindale, MI includes 1 ZIP codes and it is located in Wayne county. The lowest prices are found in ZIP 48122, while the highest are in ZIP 48122. The average price per sqare feet is $122. Our analysis is based on 16 property listings.

Avergage prices by ZIP codes Melvindale

48122120 $ / ft²




Historical development of home values in Melvindale

Year Estimated value (USD) Change vs. 2025
2010 $56,842 -53.6%
2011 $54,644 -55.4%
2012 $54,497 -55.5%
2013 $56,534 -53.8%
2014 $59,345 -51.5%
2015 $62,391 -49.0%
2016 $65,647 -46.4%
2017 $69,190 -43.5%
2018 $73,015 -40.3%
2019 $76,401 -37.6%
2020 $80,350 -34.4%
2021 $91,390 -25.3%
2022 $106,540 -13.0%
2023 $112,351 -8.2%
2024 $118,851 -2.9%
2025 $122,394 0.0%

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



Example: 100% financing house in Melvindale

Loan amount: $122,394

Interest rate: 6.00%

Fixed monthly payment: $733.81

Breakdown in the 1st month:
Interest portion: $611.97  –  Principal portion: $121.84

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,302.75 $1,503.01 $120,890.99
2 $7,210.05 $1,595.72 $119,295.27
3 $7,111.63 $1,694.14 $117,601.14
4 $7,007.14 $1,798.63 $115,802.51
5 $6,896.21 $1,909.56 $113,892.95
6 $6,778.43 $2,027.34 $111,865.61
7 $6,653.39 $2,152.38 $109,713.23
8 $6,520.63 $2,285.13 $107,428.10
9 $6,379.69 $2,426.08 $105,002.02
10 $6,230.05 $2,575.71 $102,426.31
11 $6,071.19 $2,734.58 $99,691.73
12 $5,902.53 $2,903.24 $96,788.49
13 $5,723.46 $3,082.30 $93,706.19
14 $5,533.35 $3,272.41 $90,433.77
15 $5,331.52 $3,474.25 $86,959.52
16 $5,117.23 $3,688.53 $83,270.99
17 $4,889.73 $3,916.03 $79,354.95
18 $4,648.20 $4,157.57 $75,197.39
19 $4,391.77 $4,414.00 $70,783.39
20 $4,119.52 $4,686.24 $66,097.15
21 $3,830.49 $4,975.28 $61,121.87
22 $3,523.62 $5,282.14 $55,839.73
23 $3,197.83 $5,607.93 $50,231.79
24 $2,851.95 $5,953.82 $44,277.97
25 $2,484.73 $6,321.04 $37,956.93
26 $2,094.86 $6,710.91 $31,246.03
27 $1,680.95 $7,124.82 $24,121.21
28 $1,241.50 $7,564.26 $16,556.94
29 $774.96 $8,030.81 $8,526.13
30 $279.63 $8,526.13 $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 Melvindale, MI


1500 sqft3900 sqft
Ø selling price$221,431$471,043
Ø fast selling$201,301$423,938
Ø high price sale$241,561$518,147

In 2026, houses in Melvindale, MI will be offered at an average price of $122 per square foot. A 1,500 sqft home priced at $221,431 is 20.75% more expensive per square foot than a 3,900 sqft home priced at $471,043. Home prices in Melvindale, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $326,106. Sellers who can wait longer may achieve a higher price of up to $398,575.

FAQ – Home Values in Melvindale

What is the median home value in Melvindale in 2026?

In 2026, the typical home value in Melvindale is about $122,394 for an average home size of 1004 square feet. This corresponds to an average price of roughly $122 per square foot.

What is the average cost per square foot in Melvindale?

In 2026, homes in Melvindale sell for an average of around $122 per square foot, with a typical range between $133 and $133 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 Melvindale is about 1004 square feet, with an estimated 2026 value around $122,394.



Locations close to Melvindale, MI

Dearborn, MI160 $ / ft²
Dearborn Heights, MI104 $ / ft²
Dexter, MI184 $ / ft²
Dearborn, MI136 $ / ft²
Chelsea, MI172 $ / ft²
Carleton, MI88 $ / ft²
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