Melbourne, KY Housing Market & City Data

Explore key insights and real experiences from people who call Melbourne home. Use the data below as a starting point to compare and discover what makes this city a great place to live.

482
Population Estimate
$128,816
Median Home Value
94.7%
Employment Rate
29.0%
Bachelor's Degree+

Housing & Demographic Overview

Key insights about the community

Data as of October 2026

HOUSING DATA (October 2026)

Median Price per SqFt$186
Median Listing Price$549,500
Median Days on Market37
Active Listings5
New Listings0
Total Listings (Active + Pending)6
Avg Listing Price$533,500
Avg Listing Price Change MoM16%
Avg Listing Price Change YoY25%

HOUSEHOLD OVERVIEW

Family Size2.87
Family Dual Income50.8
Median Household Income$75,938
Median Individual Income$29,338
Home Ownership87.0%
Home Value$128,816
Median Rent$475
Rent Burden-
Poverty19.3%

EDUCATION, GENDER & MARITAL STATUS

EDUCATION

  • No Highschool Degree or GED13.6%
  • Highschool Education35.5%
  • Some College21.9%
  • Bachelors Degree9.9%
  • Graduate Degree19.1%
  • Total College or Above29.0%
  • Stem Degree26.1%

GENDER BREAKDOWN

  • Male49.5%
  • Female50.5%

MARITAL STATUS

  • Married43.4%
  • Divorced9.1%
  • Never Married42.4%
  • Widowed5.1%

CITY DATA & AGE BREAKDOWN

CITY DATA

CityMelbourne
State IDKY
Population482

AGE BREAKDOWN

Age Group% of Population
Under 1821.4%
19–299.2%
30–399.4%
40–497.1%
Age Group% of Population
50–5917.2%
60–6918.2%
70–796.6%
80+10.9%

WORKFORCE, ETHNICITY & OTHER

WORKFORCE

Labor Force Participation52.7%
Unemployment Rate5.3%
Disabled20.9%

ETHNICITY

White98.4%
Black0.0%
Asian1.2%
Native American0.0%
Pacific Islander0.0%
Other0.0%
Multiple0.4%

OTHER

Hispanic3.1%
Limited English0.0%
Health Uninsured1.0%
Veteran5.3%

Local Discussions

Community questions and conversations about living in Melbourne, KY.

  1. Is Melbourne, KY a good place to buy a house?

    Local perspectives on Melbourne home prices, buyer demand, neighborhoods, and what to consider before buying a home.

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  2. What are the best neighborhoods in Melbourne, KY for families?

    Local insights on Melbourne neighborhoods, schools, parks, commute times, and other factors families may want to consider.

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  3. What should home buyers know about the Melbourne, KY housing market?

    Local insights on Melbourne home prices, housing inventory, buyer competition, and current real estate market conditions.

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  4. Is it better to buy or rent a home in Melbourne, KY?

    Compare Melbourne home prices, rents, monthly housing costs, and other factors that can affect the decision to buy or rent.

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  5. What are the most affordable neighborhoods in Melbourne, KY?

    Explore Melbourne neighborhoods where home buyers may find more affordable housing options and better value for their budget.

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  6. How much income do you need to buy a house in Melbourne, KY?

    Learn how Melbourne home prices, down payments, mortgage costs, and other expenses can affect how much income buyers may need.

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  7. How much are property taxes on a home in Melbourne, KY?

    Learn how Melbourne property taxes are calculated and how they can affect the overall cost of owning a home.

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  8. What are the best neighborhoods in Melbourne, KY for first-time home buyers?

    Explore Melbourne neighborhoods first-time home buyers may consider based on home prices, location, amenities, and lifestyle.

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  9. What is it like to live in Melbourne, KY?

    Local perspectives on Melbourne neighborhoods, cost of living, weather, commuting, things to do, and everyday life.

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  10. What should I know before moving to Melbourne, KY?

    What newcomers should know about Melbourne housing costs, neighborhoods, transportation, weather, and everyday expenses.

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Top Real Estate Agents in Melbourne, KY

Neighborhoods in Melbourne, KY

No neighborhoods were found in the current property sample.