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Melbourne, IA Real Estate


According to census data in the year 2000 there were 331 housing units in Melbourne. This represents a 10.7% growth from 299 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 331 were located in what is classified as a rural area.

Homeownership rate in Melbourne is about 81.7%. Melbourne's vacancy rate, including seasonal lodging, is about 4.2%. Average household size is 2.5 people.

The majority of houses, apartments or condos in Melbourne were built after 1958.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom5.10%
Two Bedrooms39.90%
Three Bedrooms46.50%
Four Bedrooms8.50%
Five Bedrooms or more0%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1956
Median Value of occupied units$68,400
Median Price asked for vacant units$22,500

Rented Homes, Apartments and Condos

Average Household Size2
Median year structure was built1967
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.10%
Home Equity Loan1.80%
Simple Mortgage61.50%
Debt Free32.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.8%