Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.4 yrs |
|---|---|
| Avg HH Size | 2.80 |
| Below Poverty | 23.5% ▲ 135% above avg |
| College Grads | 35.3% ▼ 9% below avg |
| Unemployment | 3.9% ▼ 20% below avg |
| No HS Diploma | 82 (3.4%) |
| HS Graduate | 727 (30.1%) |
| Some College | 265 (11%) |
| Associates | 490 (20.3%) |
| Bachelors | 324 (13.4%) |
| Graduate Degree | 528 (21.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $46,452 ▼ 39% below avg |
|---|---|
| Median Home Value | $173,600 ▼ 38% below avg |
| Home/Income Ratio | 3.7x (nat avg ~3.5x) |
| Median Rent | $627/mo |
| Total Housing Units | 1,850 |
| Vacant Units | 522 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Melbourne is a city in Arkansas, located in Izard County. The city spans 1 ZIP code and is home to approximately 3,846 residents. It is a middle-aged city, with a median age of 41.4 years.
Economically, Melbourne is a working-class community. The median household income of $46,452 is below the national average. Approximately 23.5% of residents live below the poverty line. The unemployment rate is 3.9%, below the national average.
The real estate market in Melbourne is an affordable housing market. Median home values stand at $173,600, which is below the national average. Renters typically pay around $627 per month. Homeownership is high at 62.9%, typical of suburban and family-oriented communities.
The population of Melbourne is moderately educated. 35.3% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (93.6%).
Melbourne, AR offers residents a cost-conscious lifestyle within Arkansas.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 72556 | 3,846 | $46,452 | $173,600 | $627 | 3.9% | 35.3% | 62.9% |