Melbourne, AR
Full City Profile · Arkansas · Izard County County
2.5
/5.0
C+
Fair
2,227
Population
320/sq mi density
$34,303
Median Income
$20,538 per capita
$203,000
Home Value
$179,899 Zillow
$620
Median Rent
26.1% income on rent
58°F
Avg Temperature
C+
Overall
2.5 / 5.0
Fair overall score based on economy, affordability, safety and education
D
Economy
1.9 / 5.0
$34,303 median income, 6.0% unemployment
B
Affordability
3.3 / 5.0
$203,000 home value, $620/mo rent
C
Education
2.3 / 5.0
15.8% bachelor's degree or higher
Housing Overview
Median Home Value
$203,000
28% below
US avg: $281,900
Median Rent
$620/mo
47% below
US avg: $1,163/mo
Homeownership Rate
55.1%
16% below US avg (65.4%)
Total Housing Units
1,093
Median year built: 1980
Home Value by Source
Census Median
$203,000
Zillow (ZHVI)
$179,899
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
55.1%
Owner-Occupied
44.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$700/mo
1 Bedroom
$751/mo
2 Bedroom
$944/mo
3 Bedroom
$1,239/mo
4 Bedroom
$1,406/mo
Census median rent:
$620/mo
Affordability & Housing Stock
Rent Burden
26.1%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1980
Average age of housing stock: 46 years
Homeownership Rate
55.1%
Complete Housing Data
Home Values
| Census Median Value | $203,000 |
| Zillow Home Value (ZHVI) | $179,899 |
Rent
| Census Median Rent | $620 |
| FMR Studio | $700 |
| FMR 1-Bedroom | $751 |
| FMR 2-Bedroom | $944 |
| FMR 3-Bedroom | $1,239 |
| FMR 4-Bedroom | $1,406 |
Market
Ownership & Stock
| Owner-Occupied | 55.1% |
| Renter-Occupied | 44.9% |
| Homeownership Rate | 55.1% |
| Total Housing Units | 1,093 |
| Median Year Built | 1980 |
| Rent Burden | 26.1% |