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Foreclosure Homes in Melbourne, IA

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Melbourne, IA Foreclosures

How much do homes sell for in Melbourne, IA?
The average home price is currently $205,828.
In Melbourne, IA, how many homes are available?
There are currently 7 active home listings available in Melbourne.
What’s the average rental cost in Melbourne, IA?
The average rental price in Melbourne is $1,219.
What is the most expensive home in Melbourne?
The most expensive home sold in Melbourne had a price of $2,295,900.
What is currently the cheapest priced home in Melbourne, IA?
The cheapest home for sale in Melbourne is priced at $26,283.

Living in Melbourne, IA

Melbourne, IA, is a peaceful small town in Marshall County with a welcoming community spirit. Surrounded by beautiful landscapes, it offers residents a charming downtown area and proximity to larger cities for additional amenities. Families appreciate its safety and outdoor spaces, making it an ideal place to call home.

Current Market Conditions in Melbourne, IA

The real estate market in Melbourne has experienced steady growth over the past year, with an increase in home prices reflecting demand in the area. The small-town charm and safety have attracted families and individuals looking to settle down in a serene environment.

Many homes in the area feature modern amenities while maintaining traditional Iowa architecture, making properties appealing for a variety of buyers. Given the affordability compared to nearby urban centers, Melbourne remains an attractive option for home buyers seeking a quality lifestyle while staying within budget.

Home Value Estimator For Melbourne, IA

There are currently 738 real estate properties in Melbourne, IA, with a median automated valuation model (AVM) price of $184,077.00. 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, IA, 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, IA, is $205,828.00, with the most expensive house in Melbourne, IA, topping out at $2,295,900.00 and the cheapest home in Melbourne, IA, clocking in at $26,283.00. In other words, there’s something for every potential homebuyer or savvy investor in Melbourne, IA!

Rent Prices In Melbourne, IA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melbourne, IA, is on a rollercoaster ride. The average rent price in Melbourne, IA, is $1,219.00. Indeed, when looking to rent in Melbourne, IA, you can expect to pay as little as $900.00 or as much as $2,680.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Melbourne, IA -- 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, IA Foreclosures

Market Trend for Melbourne, IA

Total Listings Available: 7

Market Values:

Home Prices from $26,283 to $2,295,900

Average Sales Price: $205,828

Rental Values:

Rental from $900 to $2,680

Average Rent Value: $1,219 / month

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