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Melbourne Real Estate Market Facts

  • $84,000Median home price
    27% lower than Arkansas
  • $556Median rent asked
    19% lower than Arkansas
  • 63.9%Home owners
    3% lower than Arkansas
  • 2.3People per home
    10% lower than Arkansas

Melbourne Home Affordability

  • $84,000Median home price
    27% lower than Arkansas
  • $31,905Median home income
    25% lower than Arkansas
  • 2.6xHome price to income ratio
    3% lower than Arkansas

Melbourne Affordability Calculator

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Melbourne Mortgage Calculator

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Melbourne Demographics

  • 1,753Population
  • 287People / sq mile
  • 49.2Median age
  • 1.0:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Pineville, AR235$49,30073%
Guion, AR126$50,00073%
Horseshoe Bend, AR2,499$63,20066%
Cushman, AR446$64,30065%
Oxford, AR616$65,70064%
Melbourne, AR1,753$84,00055%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Sylvan Springs, AL1,753$149,60019%
Bayview CDP (Contra Costa County), CA1,753$295,50060%
Gilman, IL1,753$90,70051%
Morgantown, MS1,753$78,20058%
Whitewright, TX1,752$79,80057%
Melbourne, AR1,753$84,00055%
Source: The Melbourne, AR housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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