Market Overview
Home Prices in Melvindale, MI
The median home value in Melvindale, MI is $144,279 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.8% compared to a year ago and up 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Melvindale are priced65% below average. Melvindale is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Melvindale home values have risen by approximately26.9%, reflecting strong long-term appreciation in this market.
Price History
Melvindale Home Price Trend
City Comparison
Melvindale vs. National Median
At $144,279, homes in Melvindale cost 65% below the national median of $410,000. This makes Melvindale a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Melvindale?
20% Down Payment
$28,856
on $144,279
Monthly P&I
$752/mo
30-yr @ 6.8%
Total Monthly Est.
~$955/mo
incl. taxes & insurance
Income Needed
$38,200
gross annual (30% rule)
10% Down Option
$14,428
+ PMI applies
Loan Amount (20% dn)
$115,423
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 Melvindale, MI?
The median home value in Melvindale is $144,279 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.8% year-over-year.
How much have home prices changed in Melvindale?
Over the past year, home values in Melvindale have increased by 1.8%. Over five years, prices have risen approximately 26.9%.
How much do I need to earn to buy a home in Melvindale?
To comfortably afford the median home price of $144,279 with a 20% down payment ($28,856) at today's rates (6.8%), you'd need a gross annual income of approximately $38,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Melvindale compare to the national average home price?
The national median home value is approximately $410,000. At $144,279, homes in Melvindale are 65% below the national average.
What metro area is Melvindale part of?
Melvindale is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.