Skip main navigation

Melbourne, AR Housing Market

$179,899

4.2% 1-yr

The average Melbourne, AR home value is $179,899, up 4.2% over the past year. (Updated on )

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Melbourne Key Takeaways

Typical Home Values: $179,899

1-Year Value Change: +4.2%

(Data through August 31, 2026)

Melbourne Housing Market Overview

1-Year Market Forecast: --
For Sale Inventory: 44 ()
New Listings: 10 ()
Median Sale to List Ratio: --
Median Sale Price: --
Median List Price: $235,783 ()
Percent of Sales Over List Price: --
Percent of Sales Under List Price: --
Median Days to Pending: --
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Melbourne

Move forward with a local partner

Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.

Talk to a local agent
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.
Start Now
An equal housing lender. NMLS #10287.

Melbourne Rental Market Trends

Average Rent: --
National Average Rent: $1,948 ()
Month-Over-Month Change: --
Year-Over-Year Change: --
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.

Frequently Asked Questions

  • What are current home values in Melbourne, AR?

    The median home value in Melbourne, AR is $179,899 as of August 2026. This represents a 0.3% decrease compared to last month and a 4.2% increase year-over-year.

  • How have home values changed in Melbourne, AR?

    Home values in Melbourne, AR have decreased by 0.3% month-over-month and 4.2% year-over-year.

  • How do home values in Melbourne, AR compare to Izard County, Arkansas, and the national average?

    The median home value in Melbourne, AR ($179,899) compares to: Izard County ($174,880), Arkansas ($227,264), and the U.S. national median ($368,697).

Search
Updates
Favorites
Home Loans
Inbox