The median home in Melbourne, Iowa is valued at $235,469, up 7.3% year over year. Melbourne is part of the Marshalltown, IA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Marshalltown, IA stress score, crash risk, and 12-month forecast →

Home Value$235,469

+7.3%

AFFORDABILITY

Enter your income for Melbourne.

Income (annual)

Down Payment

$47,094 on $235,469

Affordable — 26.4% of income

Under the 28% guideline.

PITI$1,649

P/I26.4%

Afford$250K

Room+$14K

P&I $1,191Tax $308Ins $150

6.50% 30yr, 20% down, county tax + IA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Iowa

Compare Melbourne with other housing markets across Iowa.

West Okoboji$794K Orleans$629K Wahpeton$550K Shueyville$525K Cumming$508K Panora$474K Honey Creek$441K Ackworth$437K

Full Marshalltown, IA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Marshalltown, IA metro.

View Marshalltown, IA metro →

MELBOURNE, IA