Melbourne, FL—32940
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$491,000
3.1% YoY Growth
Household Income
$107,000
49.6% YoY Growth
Days on Market
63
14.0% Longer YoY
Home Price Forecast
-0.9%
Median Rent
$2,500
2.2% YoY Growth
1-Bed Rent
$1,500
4.7% YoY Growth
2-Bed Rent
$1,900
1.0% YoY Growth
3-Bed Rent
$2,600
0.7% YoY Growth
Home Price Trends — Melbourne, FL
As of May '26, the median home price in Melbourne, FL is $491,000, with a year-over-year change of -3.1%. This indicates that home prices in Melbourne, FL are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $491,000 | -3.1% |
| Single Family | $506,000 | -2.9% |
| Condos | $207,000 | -6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |