Much like nearby areas, it is substantially less expensive compared to the entire country. Compared to the city of Champaign, it's a lot less expensive.
Home prices
The median home in Mellott is valued at $77,500. It is about $2,900 (3%) higher compared to nearby areas.Compared to the entire country it is about $140,000 (64%) lower, and is about $84,300 (52%) lower in comparison to the city of Champaign.
Rents
The median monthly rent in Mellott is $585. In comparison to nearby areas this is roughly $122 (17%) lower.It is about $477 (44%) lower compared to the US as a whole, and it is approximately $367 (38%) lower compared to the city of Champaign.
Nearby places
Newtown
Newtown is roughly 2 miles north from Mellott. Its housing prices are pretty similar. The median home in Newtown costs $77,100, which is very similar to Mellott. Its rents are somewhat more expensive. The median rent in Newtown is $688 a month, which works out to $103 (14%) higher than Mellott.
Wingate
Wingate is approximately 3 miles east from Mellott. Real estate prices there are somewhat less expensive. The median home value in Wingate is $60,000, which works out to $17,500 (29%) lower than Mellott. Its rents are a bit less expensive. Wingate's median monthly rent is $513, which is $72 (14%) lower than Mellott.
Hillsboro
Hillsboro is approximately 3 miles south from Mellott. Its housing prices are similar. The median home in Hillsboro costs $75,000, which works out to $2,500 (3%) lower than Mellott. Its rents are a lot more expensive. Hillsboro's median rent is $896 per month, which comes out to $311 (34%) higher than Mellott.
Veedersburg
Veedersburg is about 5 miles southwest of Mellott. Real estate prices there are pretty similar. The median home in Veedersburg is valued at $75,000, which is $2,500 (3%) lower than Mellott. Its rents are a little more expensive. In Veedersburg the median monthly rent is $657, which works out to $72 (10%) higher than Mellott.
Waynetown
Waynetown is approximately 6 miles southeast of Mellott. Real estate prices there are a bit more expensive. The median home in Waynetown is valued at $85,900, which is $8,400 (9%) higher than Mellott. Rent there is a little more expensive. Waynetown's median rent is $780 per month, which works out to $195 (25%) higher than Mellott.
