Housing in Melbourne, KY
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$210,000
Median List Price
N/A
Price Per Sq Ft
$192
Days on Market
117
Active Inventory
1
Months of Supply
1.0
Seller's market
Zillow Home Value
$289,578
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Sale-to-List Ratio
93.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$192
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
$160,400
Median Rent
$638
Total Housing Units
171
Vacancy Rate
4.7%
Owner Occupied
95.7%
Renter Occupied
4.3%
Median Property Tax
$2,102
per year
Monthly Cost (w/ Mortgage)
$1,000
Housing Types
The current median sale price in Melbourne, KY is $210,000 according to Redfin data. Homes spend a median of 117 days on the market. 0.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $192. The median rent is $638 per month (Census ACS). About 95.7% of housing units are owner-occupied. The median year homes were built is 1966. There are 171 total housing units.