Melbourne, AR Real Estate

According to census data in the year 2000 there were 834 housing units in Melbourne. This represents a 14.9% growth from 726 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 834 were located in what is classified as a rural area.

Homeownership rate in Melbourne is about 61.4%. Melbourne's vacancy rate, including seasonal lodging, is about 12.1%. Average household size is 2.14 people.

The majority of houses, apartments or condos in Melbourne were built after 1975.


Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom12.60%
Two Bedrooms31.30%
Three Bedrooms47.10%
Four Bedrooms8%
Five Bedrooms or more0.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1974
Median Value of occupied units$54,200
Median Price asked for vacant units$30,600

Rented Homes, Apartments and Condos

Average Household Size1.9
Median year structure was built1978
Median Monthly Rent asked for vacant units$260

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.70%
Home Equity Loan0.60%
Simple Mortgage51.50%
Debt Free46.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.9%