Home prices
The median home in Melbourne is valued at $109,700. In comparison to other places in this area it is about $9,120 (9%) higher.Compared to the entire country it is approximately $107,800 (49%) lower, and is approximately $23,500 (17%) lower in comparison to the city of Des Moines.
Rents
In Melbourne the median monthly rent is $737. Compared to its nearby areas this is roughly $74 (11%) higher.Compared to the nation as a whole it is roughly $325 (30%) lower, and is about $118 (13%) lower compared to the city of Des Moines.
Nearby places
Rhodes
Rhodes is approximately 3 miles west of Melbourne. The real estate prices there are a lot less expensive. The value of the median home in Rhodes is $78,700, which works out to $31,000 (39%) lower than Melbourne. Rent there is a bit less expensive. The median rent in Rhodes is $570 per month, which comes out to $167 (29%) lower than Melbourne.
State Center
State Center is roughly 5 miles northwest of Melbourne. The housing prices there are a little more expensive. The median home in State Center is valued at $117,600, which works out to $7,900 (6%) higher than Melbourne. The rent there is a little less expensive. State Center's median rent is $613 per month, which is $124 (20%) lower than Melbourne.
Baxter
Baxter is roughly 7 miles south from Melbourne. Its housing prices are a little more expensive. The price of the median home in Baxter is $127,800, which is $18,100 (14%) higher than Melbourne. Rent there is somewhat less expensive. In Baxter the median rent is $693 a month, which works out to $44 (6%) lower than Melbourne.
Laurel
Laurel is roughly 8 miles southeast from Melbourne. Real estate prices there are significantly less expensive. Laurel's median home price is $81,700, which comes out to $28,000 (34%) lower than Melbourne. The rent there is a little less expensive. Laurel's median monthly rent is $585, which comes out to $152 (25%) lower than Melbourne.
Collins
Collins is approximately 9 miles west of Melbourne. The real estate prices there are a little less expensive. The cost of the median home in Collins is $97,100, which comes out to $12,600 (12%) lower than Melbourne. Rents there are somewhat more expensive. In Collins the median monthly rent is $855, which is $118 (13%) higher than Melbourne.
