A+
40%
Med. Home Val. NAT. AVG.
22%
Rent NAT. AVG.
28%
Owner Occ. NAT. AVG.
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Melbourne Housing Information

IndexMelbourneIowaNational
Median home price$111,500$132,800$184,700
Median rent asked$736$715$949
Avg. people per household2.12.42.6
Owner occupied households81.1%71.1%63.6%
Renter occupied households18.9%28.9%36.4%
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Housing Quick Facts

  • The median home price in Melbourne is 40% lower than the national average.
  • The median rent asked in Melbourne is 22% lower than the national average.
  • The average number of people per household in Melbourne is 20% lower than the national average.
  • The number of owner occupied households in Melbourne is 28% higher than the national average.
  • The number of renter occupied households in Melbourne is 48% lower than the national average.

Compare Melbourne, IA Housing

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      Nearby cities with low home prices

       PopulationHome PriceNational Avg.
      Ferguson, IA125$42,50077%
      St. Anthony, IA29$48,30074%
      Clemons, IA152$65,70064%
      Laurel, IA194$74,00060%
      Valeria, IA40$75,00059%
      Melbourne, IA748$111,50040%

      Cities with similar population

       PopulationHome PriceNational Avg.
      Bowdoinham, ME748$230,10025%
      Bennington, KS748$112,50039%
      Woonsocket, SD748$67,90063%
      Scribner, NE748$75,50059%
      Town of Pines, IN747$97,40047%
      Melbourne, IA748$111,50040%
      Source: The Melbourne, IA housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS).