Housing · Melbourne
Melbourne, AR housing market
The typical Melbourne home is worth about $180,000, up 4.2% in a year, 21% below the Arkansas typical home.
Home values, sales, trends and how Melbourne compares with the towns next door — updated as new data is published.
The market right now
Melbourne at a glance
Typical home value
$180K
▲ 4.2% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
MelbourneArkansas
Show as a table
| January | Melbourne | Arkansas |
|---|---|---|
| 2017 | $103,000 | $140,000 |
| 2018 | $108,000 | $145,000 |
| 2019 | $109,000 | $149,000 |
| 2020 | $119,000 | $156,000 |
| 2021 | $134,000 | $172,000 |
| 2022 | $155,000 | $197,000 |
| 2023 | $161,000 | $206,000 |
| 2024 | $166,000 | $212,000 |
| 2025 | $174,000 | $220,000 |
| 2026 | $180,000 | $224,000 |
| August 2026 | $180,000 | $227,000 |
Affordability
4.6 years of income
The typical Melbourne home costs about 4.6 years of the town's median household income, more than across Arkansas (3.7 years).
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
54.9%
Arkansas: 66.4%
Median tax bill
$906
Arkansas: $1,040
Median rent
$601
Arkansas: $947
Typical home built
1984
Arkansas: 1987
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.