Melvin, IA
Full City Profile · Iowa · Osceola County County
3.1
/5.0
B
Good
311
Population
1,944/sq mi density
$65,795
Median Income
$27,803 per capita
$51,500
Home Value
$135,559 Zillow
$600
Median Rent
20.8% income on rent
45°F
Avg Temperature
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.8 / 5.0
$65,795 median income, 4.8% unemployment
A+
Affordability
5.0 / 5.0
$51,500 home value, $600/mo rent
D
Education
1.6 / 5.0
7.7% bachelor's degree or higher
Housing Overview
Median Home Value
$51,500
82% below
US avg: $281,900
Median Rent
$600/mo
48% below
US avg: $1,163/mo
Homeownership Rate
79.4%
21% above US avg (65.4%)
Total Housing Units
142
Median year built: 1951
Home Value by Source
Census Median
$51,500
Zillow (ZHVI)
$135,559
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
79.4%
Owner-Occupied
20.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$600/mo
Affordability & Housing Stock
Rent Burden
20.8%
of renters spending 30%+ of income on housing
33% below US avg (31.0%)
Median Year Built
1951
Average age of housing stock: 75 years
Homeownership Rate
79.4%
Complete Housing Data
Home Values
| Census Median Value | $51,500 |
| Zillow Home Value (ZHVI) | $135,559 |
Rent
| Census Median Rent | $600 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
Ownership & Stock
| Owner-Occupied | 79.4% |
| Renter-Occupied | 20.6% |
| Homeownership Rate | 79.4% |
| Total Housing Units | 142 |
| Median Year Built | 1951 |
| Rent Burden | 20.8% |