Market Overview
Home Prices in Melvern, KS
The median home value in Melvern, KS is $214,071 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.9% compared to a year ago and up 5.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Melvern are priced48% below average. Melvern is part of the Topeka, KS metro area.
Over the past five years, Melvern home values have risen by approximately42.9%, reflecting strong long-term appreciation in this market.
Price History
Melvern Home Price Trend
City Comparison
Melvern vs. National Median
At $214,071, homes in Melvern cost 48% below the national median of $410,000. This makes Melvern a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Melvern?
20% Down Payment
$42,814
on $214,071
Monthly P&I
$1,116/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,417/mo
incl. taxes & insurance
Income Needed
$56,680
gross annual (30% rule)
10% Down Option
$21,407
+ PMI applies
Loan Amount (20% dn)
$171,257
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Melvern, KS?
The median home value in Melvern is $214,071 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.9% year-over-year.
How much have home prices changed in Melvern?
Over the past year, home values in Melvern have increased by 7.9%. Over five years, prices have risen approximately 42.9%.
How much do I need to earn to buy a home in Melvern?
To comfortably afford the median home price of $214,071 with a 20% down payment ($42,814) at today's rates (6.8%), you'd need a gross annual income of approximately $56,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Melvern compare to the national average home price?
The national median home value is approximately $410,000. At $214,071, homes in Melvern are 48% below the national average.
What metro area is Melvern part of?
Melvern is part of the Topeka, KS metropolitan area. Home prices and market conditions can vary across the broader metro region.