B+
57%
Med. Home Val. NAT. AVG.
42%
Rent NAT. AVG.
6%
Owner Occ. NAT. AVG.
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Melbourne Housing Information

IndexMelbourneArkansasNational
Median home price$78,600$114,700$184,700
Median rent asked$547$689$949
Avg. people per household2.12.52.6
Owner occupied households59.7%65.7%63.6%
Renter occupied households40.3%34.3%36.4%
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Housing Quick Facts

  • The median home price in Melbourne is 57% lower than the national average.
  • The median rent asked in Melbourne is 42% 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 6% lower than the national average.
  • The number of renter occupied households in Melbourne is 11% higher than the national average.

Compare Melbourne, AR Housing

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      Nearby cities with low home prices

       PopulationHome PriceNational Avg.
      Guion, AR91$0100%
      Franklin, AR116$49,00073%
      Sidney, AR143$60,00068%
      Pineville, AR122$71,00062%
      Cushman, AR428$71,10062%
      Melbourne, AR1,655$78,60057%

      Cities with similar population

       PopulationHome PriceNational Avg.
      Pinehurst, ID1,655$156,80015%
      Liberty, IN1,655$91,40051%
      Lake Como, NJ1,655$441,400139%
      Ainsworth, NE1,655$83,00055%
      Cordova, AL1,655$66,40064%
      Melbourne, AR1,655$78,60057%
      Source: The Melbourne, AR housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS).