Melbourne, FL housing market
The typical Melbourne home is worth about $429,000, up 3.2% in a year, 14% above the Florida typical home.
Home values, sales, trends and how Melbourne compares with the towns next door — updated as new data is published.
Melbourne at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Melbourne | Florida |
|---|---|---|
| 2017 | $218,000 | $209,000 |
| 2018 | $242,000 | $226,000 |
| 2019 | $256,000 | $242,000 |
| 2020 | $260,000 | $253,000 |
| 2021 | $295,000 | $276,000 |
| 2022 | $354,000 | $340,000 |
| 2023 | $398,000 | $392,000 |
| 2024 | $414,000 | $402,000 |
| 2025 | $425,000 | $397,000 |
| 2026 | $418,000 | $377,000 |
| August 2026 | $429,000 | $376,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Melbourne in 2025. Over the past 10 years, Melbourne has permitted 9 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Melbourne gained 19 residents while 7 new homes were permitted: about 2.7 new residents per new home. Building and growth moved roughly in step. Across Florida: 2.8 new residents per new home.
How Melbourne ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 1 | 1 | 0 | $300,000 |
| 2024 | 1 | 1 | 0 | $300,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 2 | 2 | 0 | $491,000 |
| 2020 | 2 | 2 | 0 | $600,000 |
| 2019 | 1 | 1 | 0 | $372,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 2 | 2 | 0 | $190,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 1 | 1 | 0 | $190,000 |
| 2013 | 1 | 1 | 0 | $110,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 2 | 2 | 0 | $269,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 2 | 2 | 0 | $613,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 3 | 3 | 0 | $1.1 million |
| 2005 | 1 | 1 | 0 | $223,000 |
| 2004 | 2 | 2 | 0 | $286,000 |
| 2003 | 2 | 2 | 0 | $385,000 |
| 2002 | 1 | 1 | 0 | $108,000 |
| 2001 | 1 | 1 | 0 | $153,000 |
| 2000 | 1 | 1 | 0 | $191,000 |
How Melbourne ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Melbourne and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Melbourne | $429K | +3.2% | $2,080 | 1 | $100,000 |
| West Melbourne | $371K | −1.2% | $2,080 | 160 | $92,986 |
| Melbourne | $357K | −1% | $1,870 | 64 | $66,991 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $2,080
HUD's Fair Market Rent for a two-bedroom in Melbourne is $2,080 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Melbourne pay a median of $1,473, so moving in tends to cost more than staying put.
Studio $1,540 · 4 bedrooms $3,220
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (32904; Palm Bay-Melbourne-Titusville, FL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.