Melbourne, IA Housing Statistics

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A+

39%

Med. Home Val. NAT. AVG.

25%

Rent NAT. AVG.

28%

Owner Occ. NAT. AVG.

Melbourne Housing Information

Index	Melbourne	Iowa	National
Median home price	$197,784	$240,019	$326,622
Median rent asked	$1,090	$1,071	$1,444
Avg. people per household	2.1	2.4	2.6
Owner occupied households	81.1%	71.1%	63.6%
Renter occupied households	18.9%	28.9%	36.4%

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Homes For Sale In Melbourne, IA

311 3rd Ave

Melbourne, IA

212 3rd Ave

Melbourne, IA

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Housing Quick Facts

The median home price in Melbourne is 39% lower than the national average.
The median rent asked in Melbourne is 25% 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.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Ferguson, IA	128	$74,428	77%
St. Anthony, IA	30	$87,974	73%
Clemons, IA	155	$118,926	64%
Laurel, IA	200	$131,961	60%
Valeria, IA	42	$132,396	59%
Melbourne, IA	764	$197,784	39%

Cities with similar population

	Population	Home Price	National Avg.
Greenwood, MN	764	$1,706,038	422%
Coggon, IA	764	$240,583	26%
Town of Pines, IN	764	$171,894	47%
New Harmony, IN	764	$221,062	32%
Hancock, MN	764	$162,731	50%
Melbourne, IA	764	$197,784	39%

Source: The Melbourne, IA housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.