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Mellen

Learn about the people, housing, costs and businesses in Mellen, Wisconsin

Median Home$143,600
Median Rent$591/month
Population787
Leading IndustriesConstruction · Education4% construction
Home Value Growth⬆⬆+15.4% over 2 years
Young Adults27% of residentsnear the national average
Homeowners91% of occupied units
NotableAffordable Market$144k median home · lower cost than 77% of the country
Mellen
WI

Frequently Asked Questions

What are today's mortgage rates in Mellen?

As of today, the 30-year fixed mortgage rate for Mellen is approximately 6.889% (6.925% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Mellen?

The median home value in Mellen is $144k. The median monthly rent is $591. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mellen?

Home values in Mellen have increased 15.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Mellen?

Based on a typical all-in ownership cost of $800/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mellen is $66k/year.

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What industries drive the economy in Mellen?

The largest employment sectors in Mellen are public administration (17%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.