Housing & Real Estate — Melbourne, Iowa

Overview

Total Housing Units312
Occupied306
Vacant6
Owner-Occupied229
Renter-Occupied77
Median Home Value (Census)$155,400
Estimated 2026~$176,000
Median Rent$722/mo
Median Property Tax$1,655/yr

Affordability

Home Price to Income RatioN/Ax
Home Affordabilityaffordable
Rent as % of Income12.1%
Severely Rent-Burdened17.1%

Housing Age

Built 2010 or later9
Built 2000-200912
Built 1990-19999
Built before 1960160
Median Year Built1962
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.