Melbourne, KY Real Estate
According to census data in the year 2000 there were 136 housing units in Melbourne.
This represents a 31.7% decline from 199 in 1990.
Of those housing units, 113 were located in either urbanized areas or urban clusters, and 23 were located in what is classified as a rural area.
Homeownership rate in Melbourne is about 96.2%.
Melbourne's vacancy rate, including seasonal lodging, is about 4.4%.
Average household size is 2.71 people.
The majority of houses, apartments or condos in Melbourne were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.70% |
| Two Bedrooms | 22.80% |
| Three Bedrooms | 54.40% |
| Four Bedrooms | 11.80% |
| Five Bedrooms or more | 7.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.4 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 0.90% |
| Home Equity Loan | 7% |
| Simple Mortgage | 52.60% |
| Debt Free | 38.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.5% |
