The median home in Melvin, Illinois is valued at $110,068, down 8.9% year over year. Melvin is part of the Pontiac, IL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$110,068

-8.9%

Prices falling — better for buyers.

Affordability

Enter your income for Melvin.

Income (annual)

Down Payment

$22,014 on $110,068

Example: $75,000 household income. Change it above to see your own.

Affordable14.6% of income

Under the 28% guideline.

PITI$911

P/I14.6%

Afford$211K

Room+$101K

P&I $557Tax $205Ins $150

6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Melvin with other housing markets across Illinois.

Kenilworth$1.93M Winnetka$1.73M Glencoe$1.51M Bannockburn$1.22M Golf$1.19M Hinsdale$1.18M Lake Forest$1.14M South Barrington$1.08M

Full Pontiac, IL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Pontiac, IL metro.

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Melvin, IL