Zip 50162 (Melbourne, IA) Housing

The housing market in Melbourne, IA (ZIP code 50162) is performing better than the national average. The median value of homes in the area is $171,100, which is significantly lower than the US median value of $338,100. Furthermore, over the last year, appreciation of homes in Melbourne has been 10.80%, compared to 8.27% nationally. This indicates that Melbourne is a great place to invest in real estate as the values continue to rise rapidly.

The median home cost in Melbourne (zip 50162) is $171,100. Home appreciation the last 10 years has been 65.5%. Home Appreciation in Melbourne (zip 50162) is up 16.4%.

Average Age of Homes

- The median age of Melbourne (zip 50162) real estate is 62 years old

The Rental Market in Melbourne (zip 50162)

- Renters make up 15.6% of the Melbourne (zip 50162) population
- 0.0% of houses and apartments in Melbourne (zip 50162), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Melbourne, Iowa	United States
	550.0	139,647,020.0
	62	42
	$171,100	$338,100
	16.4%	16.6%
	42.3%	57.0%
	65.5%	101.1%
	$13.51	$10.98
	$1,767	$2,690
	66.0%	57.4%
	4.4%	11.2%
	29.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.9%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	3.5%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.6%	2.4%
	5.0%	2.8%
	12.1%	3.9%
	14.1%	4.5%
	23.1%	11.3%
	15.7%	13.0%
	20.9%	20.1%
	5.0%	13.6%
	0.0%	8.3%
	2.5%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	6.0%	13.6%
	6.0%	13.6%
	9.1%	13.6%
	6.2%	13.2%
	18.2%	14.8%
	9.1%	13.6%
	9.8%	10.0%
	3.5%	4.7%
	38.2%	12.2%

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