2026 Affordability Data
Most Affordable Neighborhoods in Melbourne - 2026 Data
The median home value in Melbourne is $144,000, 49% below nat'l avg. Median rent is $630/month. We ranked 15 neighborhoods by affordability to help you find the best value in the Melbourne, AR area.
Key Takeaways: Affordability in Melbourne
- 1The most affordable neighborhood in Melbourne is Clarksville, with a median home value of $152,800.
- 2Melbourne's median home value is $144,000, 49% below nat'l avg (national: $281,900).
- 3Median rent in Melbourne is $630/month, 46% below nat'l avg (national: $1,163/month).
- 4We analyzed 15 neighborhoods in Melbourne to find the most affordable areas based on home values, rent, and affordability index.
Melbourne Affordability Overview
Median Home Value
$144,000
49% below nat'l avg
Median Rent
$630/mo
46% below nat'l avg
Median Income
$41,938
44% below nat'l avg
Affordability Index
N/A
Most Affordable Neighborhoods in Melbourne (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | ClarksvilleAR | $152,800 |
| 2 | West MemphisAR | $109,000 |
| 3 | North Little RockAR | $165,600 |
| 4 | Helena-West HelenaAR | $69,300 |
| 5 | HopeAR | $89,700 |
| 6 | CabotAR | $188,400 |
| 7 | RogersAR | $248,900 |
| 8 | ConwayAR | $223,900 |
| 9 | BentonvilleAR | $338,500 |
| 10 | MaumelleAR | $261,100 |
| 11 | FayettevilleAR | $291,300 |
| 12 | ParagouldAR | $170,700 |
| 13 | SpringdaleAR | $206,400 |
| 14 | JonesboroAR | $196,100 |
| 15 | HarrisonAR | $146,800 |
Detailed Neighborhood Profiles
Home Value: $152,800
Rent: $769/mo
Affordability: 208
Population: 9,453
Walk Score: 2/100
Home Value: $109,000
Rent: $769/mo
Affordability: 208
Population: 24,351
Walk Score: 2/100
Home Value: $165,600
Rent: $769/mo
Affordability: 208
Population: 64,454
Walk Score: 2/100
4
Home Value: $69,300
Rent: $769/mo
Affordability: 208
Population: 9,470
Walk Score: 2/100
5
Home Value: $89,700
Rent: $769/mo
Affordability: 208
Population: 8,921
Walk Score: 2/100
6
Home Value: $188,400
Rent: $769/mo
Affordability: 208
Population: 26,543
Walk Score: 2/100
7
Home Value: $248,900
Rent: $769/mo
Affordability: 208
Population: 69,961
Walk Score: 2/100
8
Home Value: $223,900
Rent: $769/mo
Affordability: 208
Population: 65,159
Walk Score: 2/100
9
Home Value: $338,500
Rent: $769/mo
Affordability: 208
Population: 54,513
Walk Score: 2/100
10
Home Value: $261,100
Rent: $769/mo
Affordability: 208
Population: 19,183
Walk Score: 2/100
11
Home Value: $291,300
Rent: $769/mo
Affordability: 208
Population: 95,022
Walk Score: 2/100
12
Home Value: $170,700
Rent: $769/mo
Affordability: 208
Population: 29,690
Walk Score: 2/100
13
Home Value: $206,400
Rent: $769/mo
Affordability: 208
Population: 86,705
Walk Score: 2/100
14
Home Value: $196,100
Rent: $769/mo
Affordability: 208
Population: 78,379
Walk Score: 2/100
15
Home Value: $146,800
Rent: $769/mo
Affordability: 208
Population: 13,154
Walk Score: 2/100
Frequently Asked Questions About Affordability in Melbourne
What is the most affordable neighborhood in Melbourne, AR?▾
Based on 2026 data, Clarksville is the most affordable neighborhood in Melbourne with a median home value of $152,800. Kurby analyzed 15 neighborhoods in the Melbourne area to compile these rankings.
What is the median home price in Melbourne, AR?▾
The median home price in Melbourne is $144,000, which is 49% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
What is the average rent in Melbourne, AR?▾
The median monthly rent in Melbourne is $630. This is 46% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Melbourne?▾
The median household income in Melbourne is $41,938 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Melbourne are below the national average home price?▾
13 out of 15 ranked neighborhoods in Melbourne have a median home value below the national average of $281,900. The most affordable is Clarksville at $152,800 (Source: Kurby, 2026).