Commercial Real Estate Market in Melbourne, AR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 299 off-market properties in Melbourne, AR.
Market Trends
Melbourne, AR spans 161.2 square miles in Izard County, Arkansas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Melbourne, AR runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Melbourne, AR runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Melbourne, AR runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Melbourne, AR runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Melbourne, AR has 3,362 residents in 1,850 households. Density runs 21 people per square mile. Median household income here is $46,452 and median gross rent $627 a month.
3,362
Population
1,850
Households
1.8
Avg Household Size
46
Median Age
21%
College-Educated
90%
High-School Grad
161.2 sq mi
ZIP Area
21
Density / Sq Mi
$46,452
Median Household Income
$33,370
Median Earnings
$627
Median Rent
$173,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Zion | — | — |
| Sage | — | — |
| Brockwell | — | — |
| Violet Hill | — | — |
Commercial property in Melbourne, AR asks $436/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Melbourne?
Commercial property in Melbourne, AR asks an average of $436 per square foot. The 3 most recent recorded sales traded at a median of $92/SF, so asking sits 376% above the achieved median.
Where does Realmo's Melbourne market data come from?
Realmo compiles Melbourne, AR figures from 3 recent recorded sales, 19 active sale listings, 299 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 0 active for-lease listings in Melbourne, AR. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
