House Prices

House Prices & Home Values Melbourne, IA 2026


Average Data

average house price$240,345
average size per house1473 ft²
average price per ft²164 $ / ft²

05/20/2026 - The value range (VR) for house prices in Melbourne, IA is $172/ sqft to $172/ sqft. An average home with 1473 sqft costs approximately $253,356 to $253,356. Melbourne, IA includes 1 ZIP codes and it is located in Marshall county. The lowest prices are found in ZIP 50162, while the highest are in ZIP 50162. The average price per sqare feet is $164. Our analysis is based on 41 property listings.

Avergage prices by ZIP codes Melbourne

50162171 $ / ft²




Historical development of home values in Melbourne

Year Estimated value (USD) Change vs. 2025
2010 $111,621 -53.6%
2011 $107,304 -55.4%
2012 $107,015 -55.5%
2013 $111,015 -53.8%
2014 $116,535 -51.5%
2015 $122,516 -49.0%
2016 $128,910 -46.4%
2017 $135,868 -43.5%
2018 $143,379 -40.3%
2019 $150,028 -37.6%
2020 $157,783 -34.4%
2021 $179,462 -25.3%
2022 $209,212 -13.0%
2023 $220,624 -8.2%
2024 $233,387 -2.9%
2025 $240,345 0.0%

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



Example: 100% financing house in Melbourne

Loan amount: $240,345

Interest rate: 6.00%

Fixed monthly payment: $1,440.99

Breakdown in the 1st month:
Interest portion: $1,201.73  –  Principal portion: $239.26

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $14,340.41 $2,951.46 $237,393.54
2 $14,158.37 $3,133.50 $234,260.03
3 $13,965.10 $3,326.77 $230,933.26
4 $13,759.92 $3,531.96 $227,401.30
5 $13,542.07 $3,749.80 $223,651.49
6 $13,310.79 $3,981.08 $219,670.41
7 $13,065.25 $4,226.63 $215,443.78
8 $12,804.56 $4,487.32 $210,956.46
9 $12,527.79 $4,764.09 $206,192.38
10 $12,233.95 $5,057.92 $201,134.46
11 $11,921.99 $5,369.89 $195,764.57
12 $11,590.79 $5,701.09 $190,063.48
13 $11,239.16 $6,052.72 $184,010.76
14 $10,865.84 $6,426.04 $177,584.73
15 $10,469.50 $6,822.38 $170,762.35
16 $10,048.71 $7,243.17 $163,519.17
17 $9,601.96 $7,689.91 $155,829.26
18 $9,127.67 $8,164.21 $147,665.05
19 $8,624.12 $8,667.76 $138,997.29
20 $8,089.51 $9,202.37 $129,794.92
21 $7,521.92 $9,769.95 $120,024.97
22 $6,919.34 $10,372.54 $109,652.43
23 $6,279.58 $11,012.30 $98,640.13
24 $5,600.37 $11,691.51 $86,948.62
25 $4,879.26 $12,412.62 $74,536.00
26 $4,113.68 $13,178.20 $61,357.80
27 $3,300.87 $13,991.00 $47,366.80
28 $2,437.94 $14,853.94 $32,512.86
29 $1,521.78 $15,770.10 $16,742.76
30 $549.11 $16,742.76 $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, IA


1500 sqft3900 sqft
Ø selling price$297,660$633,204
Ø fast selling$270,600$569,884
Ø high price sale$324,720$696,525

In 2026, houses in Melbourne, IA will be offered at an average price of $164 per square foot. A 1,500 sqft home priced at $297,660 is 22.82% more expensive per square foot than a 3,900 sqft home priced at $633,204. Home prices in Melbourne, IA vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $438,373. Sellers who can wait longer may achieve a higher price of up to $535,789.

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 $240,345 for an average home size of 1473 square feet. This corresponds to an average price of roughly $164 per square foot.

What is the average cost per square foot in Melbourne?

In 2026, homes in Melbourne sell for an average of around $164 per square foot, with a typical range between $172 and $172 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 1473 square feet, with an estimated 2026 value around $240,345.



Locations close to Melbourne, IA

Melcher Dallas, IA91 $ / ft²
Menlo, IA192 $ / ft²
Millerton, IA188 $ / ft²
Maxwell, IA178 $ / ft²
Martensdale, IA193 $ / ft²
Marshalltown, IA69 $ / ft²
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