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Foreclosure Homes in Melbourne, KY

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Garfield-ave-Melbourne-KY-41059
Foreclosure
$83,215 EMV

Garfield Ave
Melbourne, KY 41059

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Foreclosure Homes in Melbourne, KY

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Melbourne, KY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Melbourne, KY and much more. Save thousands at closing with home foreclosure listings in Melbourne, KY — up to 75% off market value!


Top Reasons To Live In Melbourne, KY In 2021

Melbourne is located in Campbell, Kentucky, with an estimated municipal population of 482 residents. All of the best foreclosed homes for sale in Melbourne are located in the following zip code areas on Foreclosure.com: 41059. The estimated population per square kilometer (.62 miles) in Melbourne is 222.


Cost Of Living In Melbourne, KY

So, about how much do homes cost in Melbourne? The most recent median value of resident-owned homes in Melbourne is 128,816. An estimated 87 percent of households in Melbourne own their homes, with an average family size of 2.87. The median household income in Melbourne is 75,938, with28.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Melbourne, the median commute time of resident workers (in minutes) is 27.8. And last, but certainly not least, are you looking for homes to rent in Melbourne? If so, the average rent price paid by renters in Melbourne is 475, according to recent statistics.


Diversity And Demographics In Melbourne, Kentucky

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Melbourne, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Melbourne is 52.9, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in Melbourne is 43.4, with an average family size of 2.87.

The percentage of residents who report their race in Melbourne is as follows:

White 98.4%
Black / African American 0%
Asian 1.2%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.4%
Other 0%

Looking for family-friendly neighborhoods in and/or near Melbourne? Or maybe you are searching for 55+ active adult communities in and/or near Melbourne?

The percentage of residents who report their age in Melbourne is as follows:

Under 10 10%
Aged 10-19 11.4%
20s 9.2%
30s 9.4%
40s 7.1%
50s 17.2%
60s 18.2%
70s 6.6%
80+ 10.9%

Best Schools In Melbourne, Kentucky

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Melbourne with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Melbourne.


Pros And Cons Of Living In Melbourne, Kentucky

How do you know that living in -- or moving to -- Melbourne is right where you need to be? Perhaps you grew up in Melbourne or already live nearby; therefore, the decision to buy a home in Melbourne is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Melbourne for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Melbourne:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Melbourne.


Reasons To Move To Melbourne, Kentucky, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Melbourne can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Melbourne, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Melbourne, KY

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