Melbourne, IA Real Estate
According to census data in the year 2000 there were 331 housing units in Melbourne.
This represents a 10.7% growth from 299 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 331 were located in what is classified as a rural area.
Homeownership rate in Melbourne is about 81.7%.
Melbourne's vacancy rate, including seasonal lodging, is about 4.2%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in Melbourne were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.10% |
| Two Bedrooms | 39.90% |
| Three Bedrooms | 46.50% |
| Four Bedrooms | 8.50% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $68,400 |
| Median Price asked for vacant units | $22,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 1.80% |
| Simple Mortgage | 61.50% |
| Debt Free | 32.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.8% |
