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Melvin

Learn about the people, housing, costs and businesses in Melvin, New Hampshire

Median Home$462,300
Median Rent$1,311/month
Population284
Leading IndustriesConstruction · Agriculture & Mining · Manufacturing13% construction
Home Value Growth⬆⬆⬆+62.3% over 2 years
Retirees27% of residentsabove average nationally
Homeowners92% of occupied units
NotableTransit84/100 · excellent transit access
NotableHigh Incomes$101k/year · top 17% nationally
Melvin Village
NH

Frequently Asked Questions

What are today's mortgage rates in Melvin?

As of today, the 30-year fixed mortgage rate for Melvin is approximately 6.899% (6.935% 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 Melvin?

The median home value in Melvin is $462k. The median monthly rent is $1,311. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Melvin?

Home values in Melvin have increased 62.3% 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 Melvin?

Based on a typical all-in ownership cost of $1,335/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Melvin is $101k/year.

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What industries drive the economy in Melvin?

The largest employment sectors in Melvin are public administration (22%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.