Zip 41059 (Melbourne, KY) Housing

The housing market in Melbourne, KY (41059) is very strong. The median value of homes in the area is $197,400, which is significantly lower than the US median value of $338,100. However, the 1 year appreciation rate for homes in Melbourne is much higher at 14.21%, compared to 8.27% nationally. This suggests that there are great opportunities for potential homeowners in this area as there has been a high rate of appreciation over the past year.

The median home cost in Melbourne (zip 41059) is $197,400. Home appreciation the last 10 years has been 78.7%. Home Appreciation in Melbourne (zip 41059) is up 15.5%.

Average Age of Homes

- The median age of Melbourne (zip 41059) real estate is 39 years old

The Rental Market in Melbourne (zip 41059)

- Renters make up 14.1% of the Melbourne (zip 41059) population
- 0.0% of houses and apartments in Melbourne (zip 41059), 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, Kentucky	United States
	1,267.0	139,647,020.0
	48	42
	$197,400	$338,100
	15.5%	16.6%
	54.2%	57.0%
	78.7%	101.1%
	$10.52	$10.98
	$1,798	$2,690
	78.1%	57.4%
	7.3%	11.2%
	14.7%	31.4%
Vacant Housing
	0.0%	1.9%
	1.7%	0.4%
	2.4%	0.7%
	0.0%	0.4%
	2.8%	3.6%
	0.3%	4.1%
Value of Owner-Occupied Housing
	2.7%	2.6%
	0.8%	2.4%
	0.9%	2.8%
	1.6%	3.9%
	12.0%	4.5%
	20.2%	11.3%
	17.3%	13.0%
	17.7%	20.1%
	9.1%	13.6%
	2.9%	8.3%
	12.1%	9.7%
	0.2%	3.9%
	2.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.8%	13.6%
	11.8%	13.6%
	9.3%	13.6%
	8.8%	13.2%
	18.4%	14.8%
	9.3%	13.6%
	7.1%	10.0%
	7.8%	4.7%
	21.5%	12.2%

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