Melbourne, FL
Full City Profile · Florida · Brevard County County
3.9
/5.0
B+
Good
85,718
Population
1,940/sq mi density
$64,504
Median Income
$36,715 per capita
$272,900
Home Value
$356,996 Zillow
$1,411
Median Rent
32.3% income on rent
73°F
Avg Temperature
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.6 / 5.0
$64,504 median income, 4.4% unemployment
A
Affordability
4.3 / 5.0
$272,900 home value, $1,411/mo rent
B+
Education
3.7 / 5.0
33.3% bachelor's degree or higher
Housing Overview
Median Home Value
$272,900
3% below
US avg: $281,900
Median Rent
$1,411/mo
21% above
US avg: $1,163/mo
Homeownership Rate
60.3%
8% below US avg (65.4%)
Total Housing Units
40,311
Median year built: 1985
Home Value by Source
Census Median
$272,900
Zillow (ZHVI)
$356,996
Redfin Median Sale
$300,000
Median Sale Price
$300,000
Median List Price
$299,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
60.3%
Owner-Occupied
39.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent:
$1,411/mo
· Zillow rent:
$1,856/mo
Market Indicators (Redfin)
Median Sale Price
$300,000
Median Days on Market
71 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
107
Price Drops
25.7%
of listings with price reduction
Price Per Sq Ft
$200
Active Inventory
451
homes for sale
Affordability & Housing Stock
Rent Burden
32.3%
of renters spending 30%+ of income on housing
4% above US avg (31.0%)
Median Year Built
1985
Average age of housing stock: 41 years
Homeownership Rate
60.3%
Complete Housing Data
Home Values
| Census Median Value | $272,900 |
| Zillow Home Value (ZHVI) | $356,996 |
| Redfin Median Sale | $300,000 |
| Median Sale Price | $300,000 |
| Median List Price | $299,900 |
| Price Per Sq Ft | $200 |
Rent
| Census Median Rent | $1,411 |
| Zillow Rent (ZORI) | $1,856 |
| FMR Studio | $1,212 |
| FMR 1-Bedroom | $1,296 |
| FMR 2-Bedroom | $1,526 |
| FMR 3-Bedroom | $1,971 |
| FMR 4-Bedroom | $2,261 |
Market
| Days on Market | 71 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.7% |
| Homes Sold | 107 |
| Active Inventory | 451 |
| Price Per Sq Ft | $200 |
Ownership & Stock
| Owner-Occupied | 60.3% |
| Renter-Occupied | 39.7% |
| Homeownership Rate | 60.3% |
| Total Housing Units | 40,311 |
| Median Year Built | 1985 |
| Rent Burden | 32.3% |