Melvin, IL
Full City Profile · Illinois · Ford County County
3.1
/5.0
B
Good
376
Population
1,074/sq mi density
$35,000
Median Income
$23,601 per capita
$62,000
Home Value
$125,854 Zillow
$817
Median Rent
20.0% income on rent
51°F
Avg Temperature
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
C
Economy
2.2 / 5.0
$35,000 median income, 7.3% unemployment
A+
Affordability
5.0 / 5.0
$62,000 home value, $817/mo rent
C
Education
2.2 / 5.0
14.6% bachelor's degree or higher
Housing Overview
Median Home Value
$62,000
78% below
US avg: $281,900
Median Rent
$817/mo
30% below
US avg: $1,163/mo
Homeownership Rate
84.5%
29% above US avg (65.4%)
Total Housing Units
234
Median year built: 1951
Home Value by Source
Census Median
$62,000
Zillow (ZHVI)
$125,854
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
84.5%
Owner-Occupied
15.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$817/mo
Affordability & Housing Stock
Rent Burden
20.0%
of renters spending 30%+ of income on housing
35% below US avg (31.0%)
Median Year Built
1951
Average age of housing stock: 75 years
Homeownership Rate
84.5%
Complete Housing Data
Home Values
| Census Median Value | $62,000 |
| Zillow Home Value (ZHVI) | $125,854 |
Rent
| Census Median Rent | $817 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
Ownership & Stock
| Owner-Occupied | 84.5% |
| Renter-Occupied | 15.5% |
| Homeownership Rate | 84.5% |
| Total Housing Units | 234 |
| Median Year Built | 1951 |
| Rent Burden | 20.0% |