Housing in Melbourne, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$133,500
Median List Price
$239,900
Price Per Sq Ft
$180
Days on Market
111
Active Inventory
2
Months of Supply
2.0
Seller's market
Zillow Home Value
$235,469
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Sale-to-List Ratio
95.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$180
Median List $/SF
$82
Melbourne vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Melbourne is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$147,400
Median Rent
$722
Total Housing Units
312
Vacancy Rate
1.9%
Owner Occupied
74.8%
Renter Occupied
25.2%
Median Property Tax
$1,716
per year
Monthly Cost (w/ Mortgage)
$1,006
Housing Types
The current median sale price in Melbourne, IA is $133,500 according to Redfin data. Homes spend a median of 111 days on the market. 0.0% of homes sold above asking price. The market has 2.0 months of supply. The median price per square foot is $180. The median rent is $722 per month (Census ACS). About 74.8% of housing units are owner-occupied. The median year homes were built is 1962. There are 312 total housing units.