Melbourne Real Estate Market Conditions

  • Median sales price

    $199,950
    7.56% change since last quarter
  • # Active listings

    39
    30-day change

Melbourne Schools and Demographics

Education near Melbourne, AR

City County
High School Graduates 87.75 82.86
College Degree - 2 year 11.94 10.22
College Degree - 4 year 19.07 12.88
Graduate Degree 2.02 3.73
Expenditures per Student 9,026 9,884
Students per Teacher 12.3 11.4

Elementary Schools near Melbourne, AR

Grades Students P/T Ratio ZIP
Calico Rock Elementary School KG - 06 207 11.6 72519
Izard County Cons. Elementary School PK - 04 218 14.5 72584
Melbourne Elementary School KG - 06 347 12.6 72556
Mount Pleasant Elementary School KG - 06 134 11.9 72561

Middle Schools near Melbourne, AR

Grades Students P/T Ratio ZIP
Izard County Cons Middle School 05 - 08 155 9.5 72517

High Schools near Melbourne, AR

Grades Students P/T Ratio ZIP
Calico Rock High School 07 - 12 189 10.8 72519
Izard County Cons. High School 09 - 12 140 9.4 72517
Melbourne High School 07 - 12 370 10.9 72556

Demographics near Melbourne, AR

City County
Neighborhood Type Small Town
Population 1,925 13,521
Population Density 315 23
Median Age 44 48
People per Household 2.4 2.4
Median Household Income 35,952 39,135
Average Income per Capita 19,332 19,737

Melbourne Real Estate

The median home value in Melbourne, AR is $199,950. This is higher than the county median home value of $83,900. The national median home value is $219,700. The average price of homes sold in Melbourne, AR is $199,950. Approximately 52.31% of Melbourne homes are owned, compared to 26.68% rented, while 21.02% are vacant. Melbourne real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Melbourne real estate agent to arrange a tour today!

Melbourne, Arkansas has a population of 1,925. Melbourne is more family-centric than the surrounding county with 35.46% of the households containing married families with children. The county average for households married with children is 26.79%.

The median household income in Melbourne, Arkansas is $35,952. The median household income for the surrounding county is $39,135 compared to the national median of $57,652. The median age of people living in Melbourne is 44 years.

Melbourne Weather

The average high temperature in July is 91.6 degrees, with an average low temperature in January of 23.8 degrees. The average rainfall is approximately 48.5 inches per year, with 8.4 inches of snow per year.