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ZipNumbers

Illinois · Census place 48268

Melvin village, IL

Quick answer

Melvin village has 376 residents, ranking #1018 of 1462 places in Illinois. Median household income is $35,000, the median home is worth $62,000 and median gross rent runs $817 a month.

Population
376Melvin village residents
Median household income
$35,000Past 12 months, inflation adjusted
Median home value
$62,000Owner-occupied units
Median gross rent
$817Rent plus utilities, monthly
Median age
38.6 yrsAll residents
Homeownership rate
84.5%Owner-occupied households

What the numbers mean in Melvin village

Housing cost measured against local earnings.

A household earning the Melvin village median would spend about 28% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 25.3% of residents and 84.5% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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