Melba, ID—83641
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Melba, ID
As of Oct '25, the median home price in Melba, ID is $634,000, with a year-over-year change of 0.3%. This indicates that home prices in Melba, ID are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $634,000 | 0.3% |
| Single Family | $634,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $531,000 | 0.8% |
3 Bed | $600,000 | 1.0% |
4 Bed | $748,000 | 1.8% |
| 5 Bed | $826,000 | 0.5% |
% of Housing Stock
Rental Trends — Melba, ID
Melba, ID lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,500 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Melba, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Melba, ID is 86. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $892,000 | -12.0% |
Listing Count | 13 | -10.0% |
| Listings as % of Homes | 0.2% | -10.0% |
Days on Market | 86 | 12.0% |
Demographics — Melba, ID
As of the latest ACS Survey released in 2023, Melba, ID has a population of 3,990, which has increased by 17.4% over the past 5 years. Melba, ID is a popular place for families, as children make up 25.4% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,990 | 17.4% |
% Under 18 | 25.4% | -14.2% |
% Seniors | 15.2% | 0.0% |
% WFH | 3.0% | -76.6% |
% w/ College Degree | 21.0% | 20.0% |
As of the latest ACS Survey released in 2023, Melba, ID is a predominantly white area, with 74.3% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Melba, ID is hispanic, making up 23.6% of the population. Foreign-born residents account for 7.7% of the population in Melba, ID, and this percentage has increased by 37.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.3% | -8.5% |
% Black | 0.3% | 200.0% |
% Hispanic | 23.6% | 47.5% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 7.7% | 37.5% |
Mortgage and Risk — Melba, ID
According to HUD data as of 2023, there were 112 mortgage originations in Melba, ID, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Melba, ID. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 112 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Melba, ID
Melba, ID lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,440 |
| 2 Bedroom | N/A | N/A | $1,720 |
| 3 Bedroom | $910 | $1,500 | $2,410 |
| 4 Bedroom | N/A | N/A | $2,880 |
Affordability — Melba, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $634,000 |
| Median Household Income | $81,800 |