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Melbourne city, KY

ZIP 41059 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 41059

Median Home Value
$212,400
Median Rent
$675
Affordability Snapshot
$58,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,364/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

26.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 41059 in Melbourne city, KY, a household would need roughly $58,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,364. That is roughly in line with the local median household income ($53,667). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
81.4%+24% vs US avg
x
Vacancy Rate
1.2%-88% vs US avg
x
Broadband Access
79.1%-9% vs US avg
x
4+ Bedrooms
8.1%-45% vs US avg
x
Built Pre-1939
8.7%-32% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
14.4%-71% vs US avg
x
Mortgage-Free
43.4%+14% vs US avg
x
$212,400
Home Value
$675
Rent
1974
Year Built
2003
Moved In

Residents have lived here since ~2003 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached82.4%
  • 1-unit attached0.0%
  • 2-9 units0.3%
  • 10+ units13.6%
  • Mobile home & other3.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$212,400
Median rent$675
Owner-occupied81.4%
Vacant1.2%
Price-to-income4.0x
Est. income to buy$58,000