Melbourne, Kentucky.
Typical home $304,081 (+0.5% in a year). Cincinnati, OH-KY-IN metro.
to buy the typical home at today's mortgage rate — +$731 (+85%) since Jan 2020.
- 1 year
- Up $1,392 +0%
- $302,689$304,081 since Sep 2025
- 5 years
- Up $20,517 +7%
- $283,564$304,081 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Melbourne$1,596
- Kentucky$1,212
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 50 years.
Typical home values in Melbourne, KY rose 0.5% over the past year — slower than the nation's +1.2%.
Living in Melbourne, Campbell County, Kentucky
Melbourne is a city of 458 people in Campbell County. 95% of its homes are lived in by their owners and 5% are rented. Unemployment in Campbell County was 3.5% in August 2026, and the county had 1.0% more jobs in 2025 than the year before. The most people in Campbell County work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Melbourne is a very small city in Campbell County, Kentucky, and almost everyone who lives there owns their home. Homes carry typical values well above what many older homeowners elsewhere in the country would expect. Winters are cold, with January the coldest month, and summers turn properly hot by July, with rain and melted snow adding up to a fair amount over the year.
Work. Residents work mostly in schools, hospitals and social care, with professional and business services, manufacturing, and banks, insurance and property also common. Across Campbell County, some of the largest workplaces are Campbell County Schools, St. Elizabeth Fort Thomas and the Hillshire Brands Company. The county has added a few jobs over the past year, and its unemployment has eased slightly over the same stretch.
Things to do. Newport Aquarium is a short drive away, as are the Cincinnati Art Museum and Great American Ball Park, where baseball is played in season. The Cincinnati Zoo and Botanical Garden is a longer drive, and the Licking River is close by for time near the water.
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- 24 mintypical commute
- 15%work from home
What people in Campbell County work in
Employed residents by industry, from the Census survey. Campbell County had 32,037 jobs in 2025, 1.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 41° and lows near 24°; warmest in July, with highs near 87° and lows near 65°. About 43 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Cincinnati Lunken Airport weather station, 6 miles away (NOAA).
Largest workplaces in Campbell County
- PL MarketingMarketing consulting services2,322
- Campbell County SchoolsSchool district745FTE
- THE Hillshire Brands CompanyMeat processed from carcasses685
- St Elizabeth Ft ThomasGeneral hospital620FTE
- Castellini CompanyRefrigerated warehousing510
- Prysmian Cables and Systems USA, LLC Highland HeightsCable, nonferrous, insulated, or armored, made from purchased nonferrous wire495
- Fort Thomas Independent SchoolsSchool district355FTE
- Kroger Cincinnati-Dayton KMAWarehouse clubs and supercenters341
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 52 workplaces with 20 or more staff, 8,257 people in all across the county; Melbourne has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningRelatively high
- TornadoesRelatively high
- Strong windRelatively moderate
- Cold wavesRelatively moderate
- Ice stormsRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Melbourne’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Campbell County and the Cincinnati, OH-KY-IN metro.
Melbourne home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Melbourne$304,081
- Kentucky$230,909
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Melbourne5
Zip codes with a Melbourne address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Melbourne — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.