Melbourne Village · Brevard County, Florida
Melbourne Village housing report
The numbers that matter if you're buying or selling a home in Melbourne Village, in plain words.
$385,000typical home value
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Melbourne Village is one of the smallest towns in Brevard, with fewer than 1,000 residents.
Typical home value$385,00013% above BrevardHalf of owner-lived homes are worth more, half less.
Typical rent$1,473/mo5% below BrevardRent plus utilities, for homes that are rented.
Lived in by owners89%12 pts above BrevardThe rest are rented.
Typical year built196325 yrs olderAbout 63 years old.
Owners with a mortgage pay$2,238/mo24% above BrevardMortgage, taxes, insurance, HOA and utilities.
People who live here778Census estimate.
What stands out in Melbourne Village
- The typical home here is valued at about $385,000, which is 13% higher than Brevard County as a whole ($339,600).
- About 79% of homes were built before 1980. Many insurance companies ask for a 4-point inspection (roof, electrical, plumbing, heating and air) on older homes, so plan for it early.
- 89% of homes are lived in by their owners, more than the county's 77%. Homes here change hands less often, so good ones can go quickly.
- Owners with a mortgage pay about $2,238 a month in housing costs, $765 more than typical rent ($1,473). Many of those owners bought years ago at lower prices, so today's buyers often pay more.
Melbourne Village next to its neighbors
Of its closest neighbors, Melbourne and West Melbourne are valued lower than Melbourne Village.