House Prices

House Prices & Home Values Melbourne, AR 2026


Average Data

average house price$125,500
average size per house1050 ft²
average price per ft²120 $ / ft²

04/17/2026 - The value range (VR) for house prices in Melbourne, AR is $86/ sqft to $86/ sqft. An average home with 1050 sqft costs approximately $90,300 to $90,300. Melbourne, AR includes 1 ZIP codes and it is located in Izard county. The lowest prices are found in ZIP 72556, while the highest are in ZIP 72556. The average price per sqare feet is $120. Our analysis is based on 2 property listings.

Avergage prices by ZIP codes Melbourne

7255691 $ / ft²




Historical development of home values in Melbourne

Year Estimated value (USD) Change vs. 2025
2010 $58,284 -53.6%
2011 $56,031 -55.4%
2012 $55,880 -55.5%
2013 $57,968 -53.8%
2014 $60,851 -51.5%
2015 $63,974 -49.0%
2016 $67,313 -46.4%
2017 $70,946 -43.5%
2018 $74,868 -40.3%
2019 $78,339 -37.6%
2020 $82,389 -34.4%
2021 $93,709 -25.3%
2022 $109,243 -13.0%
2023 $115,202 -8.2%
2024 $121,867 -2.9%
2025 $125,500 0.0%

Graph: estimated home values in Melbourne over time (USD)



Example: 100% financing house in Melbourne

Loan amount: $125,500

Interest rate: 6.00%

Fixed monthly payment: $752.44

Breakdown in the 1st month:
Interest portion: $627.50  –  Principal portion: $124.94

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,488.08 $1,541.15 $123,958.85
2 $7,393.02 $1,636.21 $122,322.64
3 $7,292.10 $1,737.13 $120,585.51
4 $7,184.96 $1,844.27 $118,741.24
5 $7,071.21 $1,958.02 $116,783.22
6 $6,950.44 $2,078.79 $114,704.43
7 $6,822.23 $2,207.00 $112,497.43
8 $6,686.11 $2,343.12 $110,154.30
9 $6,541.59 $2,487.64 $107,666.66
10 $6,388.15 $2,641.08 $105,025.58
11 $6,225.26 $2,803.97 $102,221.61
12 $6,052.32 $2,976.91 $99,244.70
13 $5,868.71 $3,160.52 $96,084.17
14 $5,673.77 $3,355.46 $92,728.72
15 $5,466.82 $3,562.42 $89,166.30
16 $5,247.09 $3,782.14 $85,384.16
17 $5,013.82 $4,015.41 $81,368.75
18 $4,766.16 $4,263.07 $77,105.68
19 $4,503.22 $4,526.01 $72,579.67
20 $4,224.07 $4,805.17 $67,774.50
21 $3,927.69 $5,101.54 $62,672.96
22 $3,613.04 $5,416.19 $57,256.77
23 $3,278.98 $5,750.25 $51,506.53
24 $2,924.32 $6,104.91 $45,401.62
25 $2,547.78 $6,481.45 $38,920.17
26 $2,148.02 $6,881.21 $32,038.96
27 $1,723.60 $7,305.63 $24,733.33
28 $1,273.01 $7,756.22 $16,977.11
29 $794.62 $8,234.61 $8,742.50
30 $286.73 $8,742.50 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Melbourne, AR


1500 sqft3900 sqft
Ø selling price$217,801$463,321
Ø fast selling$198,001$416,989
Ø high price sale$237,601$509,653

In 2026, houses in Melbourne, AR will be offered at an average price of $120 per square foot. A 1,500 sqft home priced at $217,801 is 24.20% more expensive per square foot than a 3,900 sqft home priced at $463,321. Home prices in Melbourne, AR vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $320,760. Sellers who can wait longer may achieve a higher price of up to $392,041.


Explore Melbourne, Arkansas

Melbourne, AR is a friendly Ozark foothills community serving as the Izard County seat.
Located in north-central Arkansas, Melbourne Arkansas offers small-town charm with easy access via Arkansas Highways 9 and 69.
Visitors and residents appreciate its blend of heritage, outdoor recreation, and growing local businesses.

Community and Education

Education anchors the community with Ozarka College providing career and technical programs, health sciences, business, and transfer pathways.
The Melbourne School District and the Bearkatz school spirit make Melbourne, AR attractive for families.
Local shops, essential healthcare services, and civic groups foster a tight-knit atmosphere and year-round community events.

Outdoors and Attractions

Outdoor lovers base here for the Ozark Mountains, with the White River and Norfork Lake offering renowned fishing, paddling, and boating nearby.
Trails, scenic byways, and the acclaimed Cooper's Hawk Golf Course in Melbourne deliver weekend adventure and plenty of things to do in Melbourne AR without long drives.
Affordable real estate, reliable broadband, and a pro-business climate make Melbourne Arkansas a smart choice for remote workers and entrepreneurs.
Whether you are planning a visit or a move, discover the welcoming spirit, value, and natural beauty of Melbourne, AR.



FAQ – Home Values in Melbourne

What is the median home value in Melbourne in 2026?

In 2026, the typical home value in Melbourne is about $125,500 for an average home size of 1050 square feet. This corresponds to an average price of roughly $120 per square foot.

What is the average cost per square foot in Melbourne?

In 2026, homes in Melbourne sell for an average of around $120 per square foot, with a typical range between $86 and $86 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Melbourne is about 1050 square feet, with an estimated 2026 value around $125,500.



Locations close to Melbourne, AR

Mountain View, AR154 $ / ft²
Mount Pleasant, AR96 $ / ft²
Newark, AR84 $ / ft²
Marcella, AR116 $ / ft²
Mammoth Spring, AR85 $ / ft²
Magness, AR151 $ / ft²
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