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Melbourne Village, FL
Full City Profile · Florida · Brevard County County
4.2
/5.0
A
Great
753
Population
1,298/sq mi density
$93,846
Median Income
$46,391 per capita
$348,600
Home Value
$408,519 Zillow
$1,167
Median Rent
40.0% income on rent
73°F
Avg Temperature
314 sunny days/yr
A
Overall
4.2 / 5.0
Strong
A+
Economy
4.8 / 5.0
$93,846 median income, 1.4% unemployment
A+
Affordability
4.6 / 5.0
$348,600 home value, $1,167/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
55.0% bachelor's degree or higher
Housing Overview
Median Home Value
$348,600
24% above
US avg: $281,900
Median Rent
$1,167/mo
0% below
US avg: $1,163/mo
Homeownership Rate
91.1%
39% above US avg (65.4%)
Total Housing Units
397
Median year built: 1960
Home Value by Source
Census Median
$348,600
Zillow (ZHVI)
$408,519
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.1%
Owner-Occupied
8.9%
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:
$1,167/mo
Affordability & Housing Stock
Rent Burden
40.0%
of renters spending 30%+ of income on housing
29% above US avg (31.0%)
Median Year Built
1960
Average age of housing stock: 66 years
Homeownership Rate
91.1%
Complete Housing Data
Home Values
| Census Median Value | $348,600 |
| Zillow Home Value (ZHVI) | $408,519 |
Rent
| Census Median Rent | $1,167 |
| 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
Ownership & Stock
| Owner-Occupied | 91.1% |
| Renter-Occupied | 8.9% |
| Homeownership Rate | 91.1% |
| Total Housing Units | 397 |
| Median Year Built | 1960 |
| Rent Burden | 40.0% |