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Melbourne, AR Home Values and Rents
The typical home value in Melbourne is $177,216, 67th highest of 217 cities and towns in Arkansas. Median rent is $601 a month.
- Typical home value
- $177,216
- 67th of 217 in AR
- Median rent
- $601/mo
- ACS 2020-2024
- Price change, 1 year
- +3.5%
- Sep 2026
- Homeownership
- 54.9%
- AR: 66.4%
Typical home value in Melbourne
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Melbourne |
|---|---|
| Sep 2026 | $177,216 |
| Dec 2025 | $176,994 |
| Dec 2024 | $173,224 |
| Dec 2023 | $163,757 |
| Dec 2022 | $160,668 |
| Dec 2021 | $152,064 |
| Dec 2020 | $130,969 |
| Dec 2019 | $118,741 |
| Dec 2018 | $107,814 |
| Dec 2017 | $106,865 |
| Dec 2016 | $101,298 |
Over five years, Melbourne prices changed +19.8%.
Source: Zillow Research · Last updated 09/01/2026
Fair Market Rents, FY2027
HUD rent standard for Izard County, AR
| Unit size | Monthly rent |
|---|---|
| Studio | $646 |
| 1 bedroom | $725 |
| 2 bedrooms | $909 |
| 3 bedrooms | $1,259 |
| 4 bedrooms | $1,519 |
Frequently asked questions
- What is the typical home value in Melbourne, AR?
- The typical home value in Melbourne is $177,216 (Zillow Home Value Index, Sep 2026). The Arkansas median is $188,000.
- How much is rent in Melbourne?
- The median rent in Melbourne is $601 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $909.
- Are home prices going up in Melbourne?
- The typical home value in Melbourne changed +3.5% over one year and +19.8% over five years, as of Sep 2026.
- How does Melbourne compare with the rest of Arkansas?
- Melbourne has the 67th highest median home value of 217 cities and towns with 1,000+ residents in Arkansas.