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Melba

Learn about the people, housing, costs and businesses in Melba, Idaho

Median Home$539,000
Median Rent$1,141/month
Population575
Leading IndustriesTransportation · Healthcare · Wholesale Trade5% transportation
Home Value Growth⬆⬆⬆+29.3% over 2 years
Family-Friendly30% of residentstop 4% nationally
Homeowners83% of occupied units
NotableHigh Incomes$95k/year · top 21% nationally
NotableVeteran Community9% of residents · top 22% nationally
Melba
ID

Frequently Asked Questions

What are today's mortgage rates in Melba?

As of today, the 30-year fixed mortgage rate for Melba is approximately 6.939% (6.977% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Melba?

The median home value in Melba is $539k. The median monthly rent is $1,141. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Melba?

Home values in Melba have increased 29.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Melba?

Based on a typical all-in ownership cost of $1,188/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Melba is $95k/year.

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What industries drive the economy in Melba?

The largest employment sectors in Melba are public administration (22%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.