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ZipNumbers

Iowa · Census place 50880

Melbourne city, IA

Quick answer

Melbourne city has 714 residents, ranking #388 of 1026 places in Iowa. Median household income is $82,857, the median home is worth $147,400 and median gross rent runs $722 a month.

Population
714Melbourne city residents
Median household income
$82,857Past 12 months, inflation adjusted
Median home value
$147,400Owner-occupied units
Median gross rent
$722Rent plus utilities, monthly
Median age
39.3 yrsAll residents
Homeownership rate
74.8%Owner-occupied households

What the numbers mean in Melbourne city

Housing cost measured against local earnings.

A household earning the Melbourne city median would spend about 10.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.8% of residents and 74.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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