Why Live in Melbourne
Melbourne, KY, is a rustic river town located approximately 10 miles from Cincinnati. This small community is known for its historical landmarks, including the St. Anne Convent, built in 1919, which sits across from a nature preserve along Mary Ingles Highway. The area is characterized by its mix of farmland, creekside industrial buildings, and residential streets, with housing options ranging from 1920s-era bungalows to 1990s Traditional architecture. Residents can find modest homes on larger lots, often near Four Mile Creek, and properties tend to sell quickly, averaging 15 days on the market. Local dining features include Pepperoncini's Pizza and Melbourne Roadhouse, while larger retail and grocery stores are located about 6 miles away along Alexandria Pike. For outdoor enthusiasts, St. Annes Woods and Wetlands offers hiking trails, and Pendery Park provides extensive athletic facilities. Melbourne also boasts StoneBrook Winery and Neltner's Farm, which hosts the annual Fall Fest with activities like petting zoos and live bluegrass performances. Students attend highly rated schools such as Crossroads Elementary School, Campbell County Middle School, and Campbell County High School, which offers AP classes and career pathways. Commuters typically drive, with Downtown Cincinnati accessible via Route 8 and Interstate 471, and the Cincinnati-Northern Kentucky International Airport located about 20 miles away.
Frequently Asked Questions
What is the average home price in Melbourne, KY?
Homes for sale in Melbourne, KY have an average home price of $284,955.
How many homes have sold over the last 12 months in Melbourne, KY?
17 homes have sold in Melbourne, KY over the last 12 months.
What are the most popular zip codes in Melbourne, KY?
How much do you need to make to afford a house in Melbourne?
The median home price in Melbourne is $267,500. If you put a 20% down payment of $53,500 and had a 30-year fixed mortgage with an interest rate of 6.75%, your estimated principal and interest payment would be $1,390 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $60K a year to afford the median home price in Melbourne.
How are the schools in Melbourne, KY?
Home Trends in Melbourne, KY
On average, homes in Melbourne, KY sell after 8 days on the market compared to the national average of 51 days. The median sale price for homes in Melbourne, KY over the last 12 months is $244,500, up 20% from the median home sale price over the previous 12 months.
Median Sale Price
$244,500
Median Single Family Sale Price
$260,000
Average Price Per Sq Ft
$165
Number of Homes for Sale
3
Last 12 months Home Sales
17
Median List Price
$267,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
20%