Melbourne, FL housing market
The typical Melbourne home is worth about $357,000, down 1% in a year, close to the Florida typical home. Homes typically sell in 55 days, below asking.
Home values, sales, trends and how Melbourne compares with the towns next door — updated as new data is published.
Melbourne at a glance
A seller's market
Supply is tight — about 3.6 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Melbourne | Florida |
|---|---|---|
| 2017 | $199,000 | $209,000 |
| 2018 | $222,000 | $226,000 |
| 2019 | $236,000 | $242,000 |
| 2020 | $243,000 | $253,000 |
| 2021 | $268,000 | $276,000 |
| 2022 | $325,000 | $340,000 |
| 2023 | $375,000 | $392,000 |
| 2024 | $382,000 | $402,000 |
| 2025 | $375,000 | $397,000 |
| 2026 | $358,000 | $377,000 |
| August 2026 | $357,000 | $376,000 |
64 new homes permitted in 2025
Builders were permitted 64 new homes in Melbourne in 2025: 48 single-family houses and 16 in buildings with two or more homes, worth about $21.2 million to build. That's 0.7 per 1,000 residents, slower than across Florida (8.3). Over the past 10 years, Melbourne has permitted 2,325 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Melbourne gained 8,610 residents while 2,087 new homes were permitted: about 4.1 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. 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) | 532 | 80 | 452 | $98.6 million |
| 2025 | 64 | 48 | 16 | $21.2 million |
| 2024 | 59 | 59 | 0 | $29.4 million |
| 2023 | 301 | 61 | 240 | $70.2 million |
| 2022 | 125 | 125 | 0 | $37.8 million |
| 2021 | 149 | 149 | 0 | $48 million |
| 2020 | 483 | 221 | 262 | $103.6 million |
| 2019 | 377 | 99 | 278 | $78.4 million |
| 2018 | 215 | 210 | 5 | $69.2 million |
| 2017 | 295 | 295 | 0 | $93.6 million |
| 2016 | 257 | 214 | 43 | $84.8 million |
| 2015 | 157 | 157 | 0 | $54.8 million |
| 2014 | 146 | 146 | 0 | $42.6 million |
| 2013 | 204 | 204 | 0 | $58.7 million |
| 2012 | 149 | 149 | 0 | $41.6 million |
| 2011 | 88 | 88 | 0 | $24.7 million |
| 2010 | 199 | 103 | 96 | $33.8 million |
| 2009 | 128 | 128 | 0 | $31.6 million |
| 2008 | 263 | 257 | 6 | $65.6 million |
| 2007 | 320 | 205 | 115 | $59.4 million |
| 2006 | 512 | 315 | 197 | $76.1 million |
| 2005 | 1,218 | 575 | 643 | $198.8 million |
| 2004 | 877 | 371 | 506 | $105.1 million |
| 2003 | 320 | 320 | 0 | $53.2 million |
| 2002 | 653 | 346 | 307 | $67.5 million |
| 2001 | 396 | 396 | 0 | $41.4 million |
| 2000 | 748 | 396 | 352 | $69.7 million |
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 | $357K | −1% | $1,870 | 64 | $66,991 |
| West Melbourne | $371K | −1.2% | $2,080 | 160 | $92,986 |
| Palm Bay | $304K | −1.8% | $1,840 | 2,455 | $72,614 |
| Indian Harbour Beach | $454K | +0.9% | $2,070 | 1 | $97,254 |
| Melbourne Village | $429K | +3.2% | $2,080 | 1 | $100,000 |
| Palm Shores | $454K | −0.6% | $2,040 | 1 | $77,500 |
| Merritt Island | $431K | +0.5% | $1,600 | — | $94,012 |
5.3 years of income
The typical Melbourne home costs about 5.3 years of the town's median household income, about the same as across Florida (5).
How Melbourne ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,870
HUD's Fair Market Rent for a two-bedroom in Melbourne is $1,870 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Melbourne pay a median of $1,525, so moving in tends to cost more than staying put. A two-bedroom takes about 33% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,390 · 4 bedrooms $2,900
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (32901, 32903, 32904, 32934, 32935; 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.