Melbourne, VIC 3004
City of MelbourneGreater MelbourneAll suburbs in postcode 3004
Updated
Median house price
$440,000
Median · Land Victoria · the latest published quarter (updated May 2026)
Selling in Melbourne?
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Melbourne at a glance
- Median unit
- $567,500
- Population
- 54.9k
- Median age 29
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Population: 2021 Census
House prices in Melbourne
Houses change hands at $440,000 on a typical sale, well below the Victoria median. Units come in around $567,500, roughly -29% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $88,000. Prices are well below the Victoria median, which keeps Melbourne on the radar for first-home buyers and right-sizers.
Free appraisal in Melbourne
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What to know about Melbourne
Melbourne (3004) sits in the Melbourne region of Victoria. The median house here is $440,000, well below the Victoria median of around $850K.
Melbourne has roughly 54,941 residents, with a young-family demographic. Households are dominated by renters. Day-to-day life here is very walkable, with most errands manageable on foot.
What it’s like to live here
Melbourne scores 100/100 on walkability, which makes it very walkable with limited public transport. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 27°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 625 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 5 government primary, 5 government secondary, 2 Catholic, 7 independent.
Schools in Melbourne
Schools serving Melbourne: government first, then Catholic and independent.
Government schools
© ACARA, licensed under CC BY 4.0.
Location
Walkability
- Walk
- 100/100
- Transit
- 0/100
- Bike
- 100/100
Walker's paradise. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Melbourne's population at 54,941, with a median age of 29. That sits as a young-family demographic. Households are dominated by renters (26% own, 71% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (47%), often a marker of unit-heavy stock and walkable infrastructure.
- Family households
- 38%
- Lone person
- 47%
- Owner occupied
- 26%
- Renter occupied
- 71%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Weather year-round
- Annual rainfall
- 625 mm
- Hottest month, avg max
- 26.6°C
- Coldest month, avg min
- 6.8°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Melbourne
- What is the median house price in Melbourne?
- The median house price in Melbourne, VIC 3004 is $440,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $567,500.
- How much is my house worth in Melbourne?
- A useful starting point is the Melbourne median house price of $440,000 (units $567,500). 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.
- What is the Melbourne postcode?
- Melbourne is in the 3004 postcode, in VIC, in the City of Melbourne region.
- Where is Melbourne?
- Melbourne is a suburb of Melbourne, in VIC 3004. It is part of the Greater Melbourne area, in the City of Melbourne region.
- What schools are in Melbourne?
- There are 20 schools serving Melbourne on this page, including Melbourne Grammar School, Melbourne Girls Grammar, MacRobertson Girls High School.
- How walkable is Melbourne?
- Melbourne has a Walk Score of 100 out of 100, very walkable. transit score 0, bike score 100.
- What suburbs are near Melbourne?
- Melbourne is close to St Kilda Road Central, St Kilda Road Melbourne, Cremorne, South Yarra, South Melbourne.
- What is the population of Melbourne?
- The population of Melbourne is approximately 54,941 (2021 Census). The median age is 29.
Selling in Melbourne? Get the free selling guide
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Melbourne
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.