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Melbourne, IA
Full City Profile · Iowa · Jasper County County
3.2
/5.0
B
Good
714
Population
1,347/sq mi density
$82,857
Median Income
$39,979 per capita
$147,400
Home Value
$238,051 Zillow
$722
Median Rent
21.9% income on rent
49°F
Avg Temperature
275 sunny days/yr
270
Violent Crime/100K
540 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$82,857 median income, 3.4% unemployment
A+
Affordability
5.0 / 5.0
$147,400 home value, $722/mo rent
F
Safety
1.0 / 5.0
270 violent crimes/100K
C+
Education
2.6 / 5.0
19.4% bachelor's degree or higher
Housing Overview
Median Home Value
$147,400
48% below
US avg: $281,900
Median Rent
$722/mo
38% below
US avg: $1,163/mo
Homeownership Rate
74.8%
14% above US avg (65.4%)
Total Housing Units
310
Median year built: 1962
Home Value by Source
Census Median
$147,400
Zillow (ZHVI)
$238,051
Median Sale Price
$182,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.8%
Owner-Occupied
25.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$738/mo
1 Bedroom
$788/mo
2 Bedroom
$989/mo
3 Bedroom
$1,282/mo
4 Bedroom
$1,420/mo
Census median rent:
$722/mo
Market Indicators (Redfin)
Median Days on Market
67 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$94
Active Inventory
1
homes for sale
Affordability & Housing Stock
Rent Burden
21.9%
of renters spending 30%+ of income on housing
29% below US avg (31.0%)
Median Year Built
1962
Average age of housing stock: 64 years
Homeownership Rate
74.8%
Complete Housing Data
Home Values
| Census Median Value | $147,400 |
| Zillow Home Value (ZHVI) | $238,051 |
| Median Sale Price | $182,000 |
| Price Per Sq Ft | $94 |
Rent
| Census Median Rent | $722 |
| FMR Studio | $738 |
| FMR 1-Bedroom | $788 |
| FMR 2-Bedroom | $989 |
| FMR 3-Bedroom | $1,282 |
| FMR 4-Bedroom | $1,420 |
Market
| Days on Market | 67 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 0.0% |
| Homes Sold | 2 |
| Active Inventory | 1 |
| Price Per Sq Ft | $94 |
Ownership & Stock
| Owner-Occupied | 74.8% |
| Renter-Occupied | 25.2% |
| Homeownership Rate | 74.8% |
| Total Housing Units | 310 |
| Median Year Built | 1962 |
| Rent Burden | 21.9% |