HomeArkansasIzard CountyMelbourne city
Melbourne city, Arkansas: commercial real estate data.
Melbourne city is a Census city of 2,263 people across 6.95 square miles of land, in Izard County. Median household income is $39,469, 54.9 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $370,600.
66 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Melbourne
What Melbourne is
- Census place typecity
- Land area6.95 sq mi
- Water area0 sq mi
- Population per square mile of land326
- County holding the largest share of its areaIzard County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melbourne
How many people live in Melbourne
- Population2,263
- Median age40.0
- Population under 18481 plus or minus 127
- Share under 1821.3 percent
- Population 65 and over436 plus or minus 115
- Share 65 and over19.3 percent
- Households807 plus or minus 171
- Family households492 plus or minus 120
- Share of households that are families61.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melbourne
Income and work in Melbourne
- Median household income$39,469 plus or minus $8,978
- Per capita income$19,732
- Civilian labor force871 plus or minus 245
- Employed822 plus or minus 230
- Unemployed49 plus or minus 49
- Unemployment rate5.6 percent plus or minus 5.4
- Adults 25 and over1,513
- Adults 25 and over with a high school diploma or higher85.3 percent
- Adults 25 and over with a bachelor degree or higher13.4 percent plus or minus 4.8
- Adults 25 and over with a graduate degree4.6 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melbourne
Housing in Melbourne
- Housing units1,010
- Occupied units807 plus or minus 171
- Vacant units203 plus or minus 87
- Vacancy rate20.1 percent plus or minus 7.9
- Owner occupied443 plus or minus 128
- Renter occupied364 plus or minus 113
- Ownership rate54.9 percent
- Median owner-occupied home value$172,800
- Median gross rent, monthly$601
- Annual rent as a share of median income18.3 percent plus or minus 4.5
- Single family units740
- Share single family73.3 percent
- Units in buildings of two or more222 plus or minus 77
- Share in buildings of two or more22.0 percent plus or minus 6.6
- Mobile homes48 plus or minus 35
- Median year structure built1984
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melbourne
How Melbourne gets to work
- Workers 16 and over who commute769 plus or minus 223
- Commuting under 15 minutes319 plus or minus 119
- Share commuting under 15 minutes41.5 percent plus or minus 9.7
- Commuting 30 minutes or more350 plus or minus 143
- Share commuting 30 minutes or more45.5 percent plus or minus 13.1
- Drove alone81.9 percent plus or minus 31.5
- Carpooled11.7 percent plus or minus 9.7
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home6.4 percent plus or minus 5.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Melbourne
SBA loans in Melbourne (7(a))
- Approvals5
- Gross approval$370,600
- Average approval$74,120
- Median approval$24,300
- Ninetieth percentile approval$258,100
- Largest approval$258,100
- Jobs supported13
- Jobs per approval2.6
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term60 months
- Share on real estate terms of 20 years or more20.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
A charge-off rate is not published here. only 3 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Izard County, not Melbourne
Izard County context, not Melbourne figures
These are Izard County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Melbourne measurements.
- Establishments in Izard County213
- Employment at those establishments, Izard County1,773
- Covered employment, Izard County2,949
- Average annual pay, Izard County$41,611
- Average weekly wage, Izard County$800
- Housing units permitted, Izard County6
- Of those, single family, Izard County6
- County product, 2024, Izard County$390,113,000
- County product change over the prior year, Izard County6.1 percent
- Average income of an arriving household, Izard County$48,927
Every figure in this section is published for Izard County as a whole and is not a measurement of Melbourne. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Melbourne questions, answered from the record.
How many people live in Melbourne, Arkansas?
2,263, in 807 households. Melbourne city covers 6.95 square miles of land, which is 326 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Melbourne in?
Izard County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Melbourne?
$39,469. The median owner-occupied home is valued at $172,800. Median gross rent is $601 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Melbourne businesses?
5 7(a) approvals totalling $370,600, across 2 lenders, median approval $24,300. These count approvals to borrowers whose address is in Melbourne, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Melbourne borrowers get paid back?
No rate is published for Melbourne. only 3 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Melbourne figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Izard County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Melbourne.
Is zoning published for Melbourne?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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