According to statistics, the population in Melvin, TX amounts to 218, which shows growth 4% compared to the previous year. The median age of the city’s residents is 44. The average household income is $26,111, shifting decline -6% from the past year, and the average property value in Melvin, TX growth 9% to $25,000 throughout the year.
The average household income in Melvin, TX declined from $27,708 to $26,111 in the past year. This data is an estimate based upon 86 households in Melvin, TX . The chart below presents how household income is distributed in Melvin, TX in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Melvin, TX shifted from $22,900 to $25,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Melvin, TX in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Melvin, TX properties falls in the '$15,000 to $19,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Melvin, TX compared to median property taxes around the country. The prevalent amount of property taxes in Melvin, TX equals $800, which is less than the national average.