๐Ÿ“ฎ Rye postcode: 3941

Rye Median Property Value & Market Data (VIC)

Rye, Victoriaยท Mornington Peninsulaยท 3941
Rye has a median property value in line with Victoria averagesUpdated 1 Apr 2026

Price Score

6.0/10

Rye has a median property value in line with Victoria averages

Key Facts

Median Price Range
$800kโ€“$1.1M
Suburb
Rye, VIC
Key Price Driver
Proximity to CBD and school catchments
Climate Risk Impact
Increasingly affects property values โ€” get a report
Postcode
3941
Highest high-risk exposure
9.7% of land (bushfire)

Median Property Value Analysis

Rye in Victoria sits within the broader property market of the region. The median property value provides a benchmark for home buyers evaluating the suburb against neighbouring areas and state averages across Victoria. Understanding where a suburb sits in the price spectrum is a critical first step in property research.

Property values in Rye are influenced by factors including location, housing stock diversity, school catchments, transport access, and increasingly climate risk exposure. The median price represents the middle point of all sales โ€” half sold for more, half for less โ€” and is the most commonly cited benchmark in Australian property market reporting. Domain and CoreLogic both publish suburb-level median price data that can be compared across Victoria.

For buyers considering Rye, the relationship between property value and climate risk is becoming increasingly important. Properties in areas with lower exposure to flood, bushfire, and extreme heat may hold value better over the long term as climate risk awareness grows among Australian home buyers.

To make an informed property decision in Rye, an address-level assessment is essential. Get a complete ClimateNest report for your shortlisted property including climate risk scores, projected insurance costs, and long-term value outlook to complement your market research.

Rye (postcode 3941) is tracked in ClimateNest's suburb hazard model, which maps the share of the suburb's land exposed to each hazard at high and moderate levels. The suburb's highest high-risk exposures are bushfire (9.7% of land in high-risk zones), riverine flood (9.5% of land in high-risk zones), extreme wind (6.8% of land in high-risk zones). Exposure is not uniform across Rye โ€” individual properties can sit well above or below these averages, so an address-level check is recommended before buying, selling or insuring.

Adaptation & Mitigation Actions

Develop a heatwave management plan

Immediate

Implement strategies to protect vulnerable residents during heatwaves, such as establishing cooling centers and providing outreach services.

Est. cost: Low

Upgrade drainage infrastructure

Near-term

Improve drainage systems to reduce the risk of flooding from heavy rainfall.

Est. cost: Medium

Implement coastal protection measures

Long-term

Construct seawalls and other structures to protect against coastal erosion and sea level rise.

Est. cost: High

Reduce bushfire risk

Near-term

Clear vegetation around homes and businesses, and develop a bushfire survival plan.

Est. cost: Low

Council & Emergency Services

Mornington Peninsula Shire Council
Emergency Services

Data last updated: 1 April 2026

Explore Rye Risk Reports

Frequently Asked Questions

What is the median property value in Rye?

The median property value for Rye in Victoria provides a market benchmark for home buyers and sellers. For the most current median price data, consult Domain, CoreLogic, or your local real estate agent who can provide suburb-specific sales evidence and recent comparable sales. Property prices in Victoria vary significantly by location, property type, and condition โ€” the median is a starting point, not a valuation.

How do property values in Rye compare to Victoria averages?

Rye sits within the Victoria property market. Statewide median prices in Victoria range from $800k to $1.1M depending on property type and location. Consider climate risk alongside price data โ€” ClimateNest provides property-specific risk assessments for addresses across Rye.

What factors affect property values in Rye?

Property values in Rye are driven by location, proximity to schools and transport, housing stock quality and diversity, neighbourhood amenity, market conditions, and increasingly climate risk exposure. Address-level climate risk data from ClimateNest helps buyers make informed decisions.

Does climate risk affect property values in Rye?

Yes, climate risk is an increasingly important factor in property values across Australian suburbs, including Rye. Properties with verified lower climate risk may attract premium pricing as buyer awareness grows. A ClimateNest report provides address-level climate risk data to inform your property valuation.

What share of Rye is exposed to high bushfire risk?

ClimateNest's hazard overlay maps 9.7% of Rye in high-risk zones for bushfire, with a further 76.9% in moderate-risk zones. Suburb-level exposure is not uniform โ€” individual properties can differ from these averages, so an address-level check is recommended.

Is Rye Safe from Climate Risk?

Enter your address below for an instant climate risk assessment for Rye, Victoria, covering flood, bushfire, sea level rise and more.

Free instant previewCSIRO-powered data

What A$69 could save you from

$7.2B
2022 insured disaster losses*
$300B+
climate risk to property by 2050*
30-120%
insurance premium increases in high-risk areas*

*Industry sources: ICA, APRA, RBA

Full report from A$69 ยท Australian addresses only ยท 8 hazard scores ยท Insurance trajectory ยท 2030 & 2050 projections