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Melbourne, IA Home Values and Rents
The typical home value in Melbourne is $241,779. Median rent is $756 a month.
- Typical home value
- $241,779
- Zillow
- Median rent
- $756/mo
- ACS 2020-2024
- Price change, 1 year
- +7.6%
- Sep 2026
- Homeownership
- 75.6%
- IA: 71.7%
Typical home value in Melbourne
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Melbourne |
|---|---|
| Sep 2026 | $241,779 |
| Dec 2025 | $232,489 |
| Dec 2024 | $218,322 |
| Dec 2023 | $194,326 |
| Dec 2022 | $180,980 |
| Dec 2021 | $165,074 |
| Dec 2020 | $147,224 |
| Dec 2019 | $136,991 |
| Dec 2018 | $124,986 |
| Dec 2017 | $109,582 |
| Dec 2016 | $109,138 |
| Dec 2015 | $105,355 |
Over five years, Melbourne prices changed +47.9%.
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Marshall County, IA
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $698 | -2.0% |
| 1 bedroom | $719 | -1.6% |
| 2 bedrooms | $940 | -2.0% |
| 3 bedrooms | $1,231 | -2.7% |
| 4 bedrooms | $1,235 | -2.8% |
Frequently asked questions
- What is the typical home value in Melbourne, IA?
- The typical home value in Melbourne is $241,779 (Zillow Home Value Index, Sep 2026). The Iowa median is $208,000.
- How much is rent in Melbourne?
- The median rent in Melbourne is $756 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $940.
- Are home prices going up in Melbourne?
- The typical home value in Melbourne changed +7.6% over one year and +47.9% over five years, as of Sep 2026.