Melbourne AR Commercial for Sale

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Melbourne Real Estate

The median home value in Melbourne, AR is $296,950. This is higher than the county median home value of $127,900. The national median home value is $338,100. The average price of homes sold in Melbourne, AR is $296,950. Approximately 47.48% of Melbourne homes are owned, compared to 32.32% rented, while 20.2% are vacant. Melbourne real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Melbourne real estate agent to arrange a tour today!

Melbourne, Arkansas has a population of 1,992. Melbourne is more family-centric than the surrounding county with 44.84% of the households containing married families with children. The county average for households married with children is 28.53%.

The median household income in Melbourne, Arkansas is $39,032. The median household income for the surrounding county is $45,318 compared to the national median of $69,021. The median age of people living in Melbourne is 34.9 years.

Melbourne Weather

The average high temperature in July is 90.9 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 48.3 inches per year, with 7.5 inches of snow per year.

Melbourne Real Estate Market Conditions

  • Median sales price

    $296,950
    17.9% change since last quarter
  • # Active listings

    44
    30-day change

Melbourne Schools and Demographics

Education near Melbourne, AR

Metric City County
High School Graduates 81.28 82.1
College Degree - 2 year 11.57 7.78
College Degree - 4 year 18.31 17.02
Graduate Degree 7.31 3.82
Expenditures per Student 10,874 10,874
Students per Teacher 8.9 8.9

Elementary Schools near Melbourne, AR

School Grades Students P/T Ratio ZIP
Calico Rock Elementary School KG - 06 207 11.6 72519
Izard County Cons. Elementary School PK - 04 218 14.5 72584
Melbourne Elementary School KG - 06 347 12.6 72556
Mount Pleasant Elementary School KG - 06 134 11.9 72561

Middle Schools near Melbourne, AR

School Grades Students P/T Ratio ZIP
Izard County Cons Middle School 05 - 08 155 9.5 72517

High Schools near Melbourne, AR

School Grades Students P/T Ratio ZIP
Calico Rock High School 07 - 12 189 10.8 72519
Izard County Cons. High School 09 - 12 140 9.4 72517
Melbourne High School 07 - 12 370 10.9 72556

Demographics near Melbourne, AR

Metric City County
Neighborhood Type Small Town
Population 1,992 13,653
Population Density 326 24
Median Age 34.9 47.5
People per Household 2.4 2.7
Median Household Income 39,032 45,318
Average Income per Capita 21,413 22,047