All Countries
Melbourne, Australia
Full City Profile
2.4
/5.0
C
Fair
5,350,705
Population
1,387/sq mi density
82 ft
Elevation
25 meters
59°F
Avg Temperature
15°C
C
Overall
2.4 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.3 / 5.0
$29,203 median income, 8.6% unemployment
C+
Affordability
2.5 / 5.0
$214,600 home value, $1,073/mo rent
Housing Overview
Median Home Value
$214,600
24% below
US avg: $281,900
Median Rent
$1,073/mo
8% below
US avg: $1,163/mo
Homeownership Rate
26.7%
59% below US avg (65.4%)
Total Housing Units
2,140,282
Ownership vs. Renting
26.7%
Owner-Occupied
73.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Complete Housing Data
Home Values
| Census Median Value | $214,600 |
Rent
| Census Median Rent | $1,073 |
Market
Ownership & Stock
| Owner-Occupied | 26.7% |
| Renter-Occupied | 73.3% |
| Homeownership Rate | 26.7% |
| Total Housing Units | 2,140,282 |