Housing in Melbourne, IA is a great investment due to its median value of $159,400 and its one year house appreciation rate of 10.80%. This is significantly higher than the US median value of $338,100 and the US one year house appreciation rate of 8.27%, making it an attractive option for buyers looking for a good value. Homeowners in Melbourne can rest assured that their investment will pay off in the long run with the healthy housing market that exists here. With an increasing population and growing demand for housing, the outlook looks promising for anyone looking to buy or rent in this charming Iowa town.
The median home cost in Melbourne is $159,400. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Melbourne is up 16.4%.
Average Age of Homes
- The median age of Melbourne real estate is 59 years old
The Rental Market in Melbourne
- Renters make up 19.7% of the Melbourne population
- 0.0% of houses and apartments in Melbourne, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.