Melbourne city: Median Home Value Trend
How Melbourne city's median home value changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$138,800
2023
$272,900
Total change
+$134,100
% change
+96.6%
| Year | Median Home Value | Change |
|---|---|---|
| 2017 | $138,800 | — |
| 2019 | $169,000 | +$30,200 (21.8%) |
| 2020 | $186,000 | +$17,000 (10.1%) |
| 2021 | $200,900 | +$14,900 (8%) |
| 2022 | $247,300 | +$46,400 (23.1%) |
| 2023 | $272,900 | +$25,600 (10.4%) |