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Foreclosure Homes in Melbourne, AR

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Melbourne, AR Foreclosures

How much do homes sell for in Melbourne, AR?
The average home price is currently $165,763.
In Melbourne, AR, how many homes are available?
There are currently 6 active home listings available in Melbourne.
What’s the average rental cost in Melbourne, AR?
The average rental price in Melbourne is $916.
What is the most expensive home in Melbourne?
The most expensive home sold in Melbourne had a price of $1,181,600.
What is currently the cheapest priced home in Melbourne, AR?
The cheapest home for sale in Melbourne is priced at $11,323.

Living in Melbourne, AR

Melbourne, AR is a quaint, small city offering a welcoming community with a serene lifestyle. Its natural beauty provides fun recreational opportunities, suitable for families and retirees. The area is known for its affordability and access to good schools, making it an excellent choice for homeownership or investment.

Current Market Conditions in Melbourne, AR

The real estate market in Melbourne, AR is characterized by affordability and stability. Home prices remain relatively low compared to national averages, making it an attractive location for investors looking for value and growth potential.

As interest in rural living continues to rise, Melbourne's charm and accessibility have led to increased demand for properties, suggesting promising trends for future investments.

Home Value Estimator For Melbourne, AR

There are currently 887 real estate properties in Melbourne, AR, with a median automated valuation model (AVM) price of $128,138.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melbourne, AR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Melbourne, AR, is $165,763.00, with the most expensive house in Melbourne, AR, topping out at $1,181,600.00 and the cheapest home in Melbourne, AR, clocking in at $11,323.00. In other words, there’s something for every potential homebuyer or savvy investor in Melbourne, AR!

Rent Prices In Melbourne, AR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melbourne, AR, is on a rollercoaster ride. The average rent price in Melbourne, AR, is $916.00. Indeed, when looking to rent in Melbourne, AR, you can expect to pay as little as $520.00 or as much as $1,920.00, with the average rent median estimated to be $870.00. The good news is that finding an affordable and desirable property to rent in Melbourne, AR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Melbourne, AR Foreclosures

Market Trend for Melbourne, AR

Total Listings Available: 6

Market Values:

Home Prices from $11,323 to $1,181,600

Average Sales Price: $165,763

Rental Values:

Rental from $520 to $1,920

Average Rent Value: $916 / month

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