Melbourne Housing Information - Census

IndexMelbourneKentuckyNational
Median home price$121,500$126,100$184,700
Median rent asked$588$690$949
Avg. people per household2.52.52.6
Owner occupied households89.8%66.8%63.6%
Renter occupied households10.2%33.2%36.4%

Melbourne Housing Information - Zillow

IndexMelbourneKentuckyNational
Zillow home value index$140,800$134,500$196,500
Year over year appreciation rate9.57%6.16%6.79%
5 year average appreciation rate3.47%2.86%5.28%
10 year average appreciation raten/a1.46%0.01%

Did you know?

  • The median home price in Melbourne is 34% lower than the national average.
  • The median rent asked in Melbourne is 38% lower than the national average.
  • The average number of people per household in Melbourne is 4% lower than the national average.
  • The number of owner occupied households in Melbourne is 41% higher than the national average.
  • The number of renter occupied households in Melbourne is 72% lower than the national average.

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Compare Melbourne, KY Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Plainville, OH26$0100%
Dillonvale village, OH645$56,90069%
Elmwood Place, OH1,831$58,40068%
Arlington Heights, OH923$73,50060%
Lincoln Heights, OH3,360$75,40059%
Melbourne, KY386$121,50034%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Prescott, WA386$112,90039%
Lester, WV386$70,80062%
Fort Garland, CO386$93,70049%
La Barge, WY386$114,80038%
Butte Falls, OR386$120,00035%
Melbourne, KY386$121,50034%
Source: The Melbourne, KY housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS) and Zillow data.