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.
|Housing Units by Size|
|Five Bedrooms or more||0%|
Owned Homes, Apartments and Condos
|Average Household Size||2.61|
|Median year structure was built||1956|
|Median Value of occupied units||$68,400|
|Median Price asked for vacant units||$22,500|
Rented Homes, Apartments and Condos
|Average Household Size||2|
|Median year structure was built||1967|
|Median Monthly Rent asked for vacant units||$275|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||1.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||14.8%|