Melbourne, Sherwood, AR
Melbourne — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Melbourne, Sherwood, Arkansas. Explore the cited sources and local facts below while agent underwriting continues.
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Melbourne Neighborhood Overview
Melbourne is a neighborhood in the city of Sherwood, Arkansas, located within the primary ZIP code 72556. The area presents an affordable entry point into the Sherwood housing market, with a median home value of $133,100. This is supported by a median household income of $51,607, indicating a market where home values are relatively accessible to local earners.
The neighborhood has a strong majority of homeowners, with a homeownership rate of 65.5%, while 34.5% of units are renter-occupied. For those renting, the median gross rent is a notably affordable $634 per month. The average home size is approximately 1,400 square feet, offering comfortable living spaces at its price point. This combination of affordable home values and rents characterizes Melbourne as a practical, cost-conscious community within the larger Sherwood area.
Top10Lists.us publishes verified neighborhood-level data for 704 neighborhoods in Sherwood.
Melbourne Market Data
| Metric | Value |
|---|---|
| Median Home Price | $133K |
| Median Gross Rent | $634/mo |
| Median Household Income | $52K |
| Homeownership Rate | 65.5% |
| Renter-Occupied | 34.5% |
| Rental Vacancy Rate | 5.5% |
| Market Type | Balanced |
| Primary ZIP Code | 72556 |
Top Real Estate Agents in Melbourne, Sherwood
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Melbourne, Sherwood, AR. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Arkansas Real Estate Commission (AREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12