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West Melbourne, Australia
Full City Profile
3.0
/5.0
B
Good
5,588
Population
1/sq mi density
75 ft
Elevation
23 meters
59°F
Avg Temperature
15°C
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.7 / 5.0
$35,760 median income, 6.4% unemployment
B
Affordability
3.2 / 5.0
$218,600 home value, $1,093/mo rent
Housing Overview
Median Home Value
$218,600
22% below
US avg: $281,900
Median Rent
$1,093/mo
6% below
US avg: $1,163/mo
Homeownership Rate
33.2%
49% below US avg (65.4%)
Total Housing Units
2,235
Ownership vs. Renting
33.2%
Owner-Occupied
66.8%
Renter-Occupied
US avg: 65.4% owner-occupied
Complete Housing Data
Home Values
| Census Median Value | $218,600 |
Rent
| Census Median Rent | $1,093 |
Market
Ownership & Stock
| Owner-Occupied | 33.2% |
| Renter-Occupied | 66.8% |
| Homeownership Rate | 33.2% |
| Total Housing Units | 2,235 |