The typical owner-occupied home in Melvin Village is worth about $428,300, 6% above the New Hampshire median of $402,500 and 29% above the national median of $332,700. Owners pay a median $2,616 a year in property taxes, about 0.61% of their home's value, lower than the New Hampshire rate of 1.66%. The median household earns $101,298 a year, so the median home costs 4.2 times the median income (4.1 times for New Hampshire). 100% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Melvin Village at a glance
| Melvin Village | New Hampshire | U.S. | |
|---|---|---|---|
| Median home value | $428,300 | $402,500 | $332,700 |
| Median property tax paid per year | $2,616 | $6,667 | $3,119 |
| Property tax as a share of value | 0.61% | 1.66% | 0.94% |
| Median household income | $101,298 | $99,031 | $80,734 |
| Homes lived in by their owners | 100% | 73% | 65% |
| Owner homes with a mortgage | 62% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,897 | $2,367 | $1,963 |
| Those costs as a share of the owners' income | 17.9% | 21.9% | 21.0% |
| Median rent | – | $1,491 | $1,413 |
| Median year homes were built | 1973 | 1979 | 1980 |
| Vacant homes | 59.5% | 14.3% | 10.1% |
| Population | 324 | 1,394,868 | 334,922,499 |
What a typical home costs per month in Melvin Village
At this week's average 30-year rate of 7.11%, buying the median Melvin Village home of $428,300 with 20% down costs about $2,701 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,415, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $115,763 for the 20%-down payment. That payment is 32% of the median Melvin Village household income of $101,298; at that income and 20% down, the 28% guideline points to a home of about $375,000.
| Down payment | $85,660 |
|---|---|
| Loan amount | $342,640 |
| Principal and interest | $2,305 |
| Property taxes (0.61% a year) | $218 |
| Homeowners insurance (our estimate, 0.5% a year) | $178 |
| PMI | $0 |
| Total per month | $2,701 |
Change the numbers in the calculator
| Down payment | $14,990 |
|---|---|
| Loan amount | $420,542 |
| Principal and interest | $2,829 |
| Property taxes (0.61% a year) | $218 |
| Homeowners insurance (our estimate, 0.5% a year) | $178 |
| FHA mortgage insurance | $189 |
| Total per month | $3,415 |
Change the numbers in the calculator
Questions about home buying in Melvin Village
What is the median home value in Melvin Village?
About $428,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Melvin Village?
Homeowners pay a median $2,616 a year, which is about 0.61% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Melvin Village?
For the median home with 20% down at 7.11%, the payment is about $2,701 a month. Keeping that under 28% of gross income takes about $115,763 a year.
More about Melvin Village
- Mortgage Refinance in Melvin Village
- Debt Relief in Melvin Village
- Home Equity Loans in Melvin Village
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data