Melbourne · Brevard County, Florida
Melbourne housing report
The numbers that matter if you're buying or selling a home in Melbourne, in plain words.
$306,400typical home value
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Melbourne is home to Melbourne Orlando International Airport and sits on the Indian River.
Typical home value$306,40010% below BrevardHalf of owner-lived homes are worth more, half less.
Typical rent$1,525/mo2% below BrevardRent plus utilities, for homes that are rented.
Lived in by owners60%17 pts below BrevardThe rest are rented.
Typical year built19853 yrs olderAbout 41 years old.
Owners with a mortgage pay$1,689/mo6% below BrevardMortgage, taxes, insurance, HOA and utilities.
People who live here86,576Census estimate.
What stands out in Melbourne
- The typical home here is valued at about $306,400, which is 10% lower than Brevard County as a whole ($339,600).
- The typical home here was built around 1985, about 41 years ago. Ask about the roof's age early, because Florida insurers look at it closely.
- About 40% of homes here are rented, more than the county's 23%. Expect some buyers to be investors.
- Owners with a mortgage pay about $1,689 a month in housing costs, $164 more than typical rent ($1,525). Many of those owners bought years ago at lower prices, so today's buyers often pay more.
Melbourne next to its neighbors
Melbourne is valued lower than all three of its closest neighbors, so your money may go further here.