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South Melbourne, Australia
Full City Profile
3.4
/5.0
B
Good
11,548
Population
2/sq mi density
30 ft
Elevation
9 meters
59°F
Avg Temperature
15°C
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$44,177 median income, 5.2% unemployment
B+
Affordability
3.6 / 5.0
$237,200 home value, $1,186/mo rent
Housing Overview
Median Home Value
$237,200
16% below
US avg: $281,900
Median Rent
$1,186/mo
2% above
US avg: $1,163/mo
Homeownership Rate
43.5%
33% below US avg (65.4%)
Total Housing Units
4,619
Ownership vs. Renting
43.5%
Owner-Occupied
56.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Complete Housing Data
Home Values
| Census Median Value | $237,200 |
Rent
| Census Median Rent | $1,186 |
Market
Ownership & Stock
| Owner-Occupied | 43.5% |
| Renter-Occupied | 56.5% |
| Homeownership Rate | 43.5% |
| Total Housing Units | 4,619 |