Melbourne, AR Real Estate
According to census data in the year 2000 there were 834 housing units in Melbourne.
This represents a 14.9% growth from 726 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 834 were located in what is classified as a rural area.
Homeownership rate in Melbourne is about 61.4%.
Melbourne's vacancy rate, including seasonal lodging, is about 12.1%.
Average household size is 2.14 people.
The majority of houses, apartments or condos in Melbourne were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 12.60% |
| Two Bedrooms | 31.30% |
| Three Bedrooms | 47.10% |
| Four Bedrooms | 8% |
| Five Bedrooms or more | 0.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $54,200 |
| Median Price asked for vacant units | $30,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.9 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $260 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.70% |
| Home Equity Loan | 0.60% |
| Simple Mortgage | 51.50% |
| Debt Free | 46.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.9% |
