Essendon at a glance
Median house
$1,655,000
Median unit
$530,000
Weekly rent
$650
Houses · units $510
Gross yield
2.0%
Houses, on the median
Population
21.2k
Median age 39
Walk score
64
Somewhat walkable
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025 · Population: 2021 Census
Houses change hands at $1,655,000 on a typical sale, well above the Victoria median. Units come in around $530,000, roughly 68% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $331,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Market
House prices in Essendon.
Median house price
$1,655,000
Median unit price $530,000.
Median · Land Victoria · the latest published quarter (updated May 2026)
Rental and ownership
Weekly rent (house)
$650/wk
Weekly rent (unit)
$510/wk
Owner occupied
62%
Renter occupied
36%
At a deeper level
$1,655,000
$530,000
21,240
Median age: 39
Rental data as of September 2025· rental-vic
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The brief
What to know about Essendon.
Essendon's median house price is $1,655,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)).
Postcode 3040 (VIC), City of Moonee Valley, part of Greater Melbourne.
Essendon (3040) sits in the Moonee Valley region of Victoria. The median house here is $1,655,000, well above the Victoria median of around $850K.
Essendon has roughly 21,240 residents, with a typical family-age mix. Households are mostly owner-occupied. The area is somewhat walkable for a typical errand run, but a car still helps for grocery runs and weekend trips.
Side by side
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Day to day
What it’s like to live here.
Essendon scores 64/100 on walkability, which makes it somewhat walkable with workable public transport options. A short drive opens up most amenities; a car-light household is workable but not optimal.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 7 government primary, 3 government secondary, 8 Catholic, 1 independent.
Who lives here
Demographics.
The 2021 Census put Essendon's population at 21,240, with a median age of 39. That sits as a typical family-age mix. Households are mostly owner-occupied (62% own, 36% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (64% family households, 32% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
21,240
Median age
39
Family households
64%
Lone person
32%
Demographics data as of May 2026· ABS 2021 Census
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For investors
Investment overview.
Gross rental yield on houses sits at 2.04% (median rent $650/wk against a $1,655,000 price tag). Units yield 5.00% gross, often the better cash-flow play for first-time investors. With 36% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.04%
Based on $1,655,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20265.00%
Based on $530,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202662%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
1,116
total offences in 2026
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2026· State Police Open Data
Getting around
Walkability.
64
100
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Essendon.
Local schools for Essendon
View the catchment for each school to find out more.
Government School Catchment
Essendon Primary School
Essendon North Primary School
Buckley Park College
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Essendon.
- What is the median house price in Essendon?
- The median house price in Essendon, VIC 3040 is $1,655,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $530,000.
- How much is my house worth in Essendon?
- A useful starting point is the Essendon median house price of $1,655,000 (units $530,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Essendon a good investment?
- On the published figures, the gross rental yield on houses in Essendon is 2.0%: the median weekly house rent is $650 (Victorian rental report, September 2025) against the median house price of $1,655,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Essendon: the Land Victoria figures we hold do not measure one. Whether Essendon is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Essendon postcode?
- Essendon is in the 3040 postcode, in VIC, in the City of Moonee Valley region.
- Where is Essendon?
- Essendon is a suburb of Melbourne, in VIC 3040. It is part of the Greater Melbourne area, in the City of Moonee Valley region.
- What is the average rent in Essendon?
- The median weekly rent for houses is $650, for units it's $510.
- What schools are in Essendon?
- There are 20 schools serving Essendon on this page, including St Therese's School, Essendon Primary School, St Columba's College.
- How walkable is Essendon?
- Essendon has a Walk Score of 64 out of 100, somewhat walkable. transit score 100, bike score 100.
- What suburbs are near Essendon?
- Essendon is close to Strathmore, Aberfeldie, Essendon North, Moonee Ponds, Pascoe Vale South.
- What is the population of Essendon?
- The population of Essendon is approximately 21,240 (2021 Census). The median age is 39.
Essendon
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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