Housing in Melbourne, AR
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$166,877
Melbourne vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Melbourne is highlighted.
Median Home Value
57th%ilemost expensive$203,000show rank
Median Rent
9th%ilemost expensive rent$620show rank
Rent Burden
70th%ilehighest rent burden21.7%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$203,000
Median Rent
$620
Total Housing Units
1,001
Vacancy Rate
22.0%
Owner Occupied
55.1%
Renter Occupied
44.9%
Median Property Tax
$1,067
per year
Monthly Cost (w/ Mortgage)
$744
Housing Types
Single Family81.9%
Multi-Family15.0%
Mobile Home3.1%
The median home value in Melbourne, AR is $203,000. According to Zillow, the home value index for Melbourne is $166,877. The median rent is $620 per month (Census ACS). About 55.1% of housing units are owner-occupied. The median year homes were built is 1985. There are 1,001 total housing units.