The housing market in Melbourne, KY is thriving. The median value of a house is $204,900 which is significantly lower than the US median house value of $338,100. In the past year, US houses appreciated 8.27%. However, Melbourne, KY saw an even larger increase in the value of their homes with 14.21% appreciation in the past year. This indicates that now is a great time to invest in this area and that people are likely to see positive returns on their investments for years to come.
The median home cost in Melbourne is $204,900. Home appreciation the last 10 years has been 78.7%. Home Appreciation in Melbourne is up 15.5%.
Average Age of Homes
- The median age of Melbourne real estate is 60 years old
The Rental Market in Melbourne
- Renters make up 8.3% of the Melbourne population
- 0.0% of houses and apartments in Melbourne, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.