Rye at a glance
Median house
$960,000
Median unit
$546,800
Walk score
12
Very car dependent
Population
9,438
Median age 51
The brief
What to know about Rye.
The postcode for Rye is 3941 (VIC), part of Greater Melbourne.
The median house price in Rye is $960,000.
Rye (3941) sits in the Mornington Peninsula region of Victoria. The median house here is $960,000, in line with the Victoria median of around $850K.
Rye has roughly 9,438 residents, with a retiree-heavy demographic. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
Side by side
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Median, growth, schools, walkability, all in one view.
Day to day
What it’s like to live here.
Rye scores 12/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 25°C (mild), winter mornings around 3°C (cold). Annual rainfall lands at about 612mm. Data comes from the Bureau of Meteorology's Geelong Racecourse station, 83.9km away.
Schooling within or near the suburb covers 6 government primary, 1 government secondary, 2 Catholic, 1 independent.
Who lives here
Demographics.
The 2021 Census put Rye's population at 9,438, with a median age of 51. That sits as a retiree-heavy demographic. Households are predominantly owner-occupied (75% own, 21% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (67% family households, 30% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
9,438
Median age
51
Family households
67%
Lone person
30%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $960,000 on a typical sale, in line with the Victoria median. Units come in around $546,800, roughly 43% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $192,000. Prices are in line with the Victoria median, so the broader state lending settings apply.
Market
The price of a home here.
Median house price
$960,000
+0.0% over the past year. Median unit price $546,800.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$369/wk
Weekly rent (unit)
$372/wk
Owner occupied
75%
Renter occupied
21%
At a deeper level
$960,000
$546,800
9,438
Median age: 51
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For investors
Investment overview.
Gross rental yield on houses sits at 2.00% (median rent $369/wk against a $960,000 price tag). Units yield 3.54% gross, often the better cash-flow play for first-time investors. Renter share is modest (21%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.00%
Based on $960,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20263.54%
Based on $546,800 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 202675%
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.
457
total offences in 2025
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 2025· State Police Open Data
Getting around
Walkability.
12
0
5
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Rye.
Local schools for Rye
View the catchment for each school to find out more.
Government School Catchment
Rye Primary School
Tootgarook Primary School
Eastbourne Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
612 mm
Hottest Month (avg max)
25.6°C
Coldest Month (avg min)
3.0°C
Monthly Rainfall (mm)
Weather data from BOM station Geelong Racecourse (84 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Rye.
- What is the median house price in Rye?
- The median house price in Rye, VIC 3941 is $960,000. The median unit price is $546,800.
- What is the Rye postcode?
- Rye is in the 3941 postcode, in VIC, in the Mornington Peninsula Shire Council region.
- Where is Rye?
- Rye is a suburb of Melbourne, in VIC 3941. It is part of the Greater Melbourne area, in the Mornington Peninsula Shire Council region.
- What is the average rent in Rye?
- The median weekly rent for houses is $369, for units it's $372.
- What schools are in Rye?
- There are 10 schools serving Rye on this page, including Rye Primary School, Tootgarook Primary School, Eastbourne Primary School.
- How walkable is Rye?
- Rye has a Walk Score of 12 out of 100, highly car-dependent. transit score 0, bike score 5.
- What suburbs are near Rye?
- Rye is close to Tootgarook, Capel Sound, Rosebud West, St Andrews Beach, Rosebud Plaza.
- What is the population of Rye?
- The population of Rye is approximately 9,438 (2021 Census). The median age is 51.
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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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