West Melbourne, FL housing market
The typical West Melbourne home is worth about $371,000, down 1.2% in a year, close to the Florida typical home. Homes typically sell in 61 days, below asking.
Home values, sales, trends and how West Melbourne compares with the towns next door — updated as new data is published.
West Melbourne at a glance
A balanced market
About 4.4 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | West Melbourne | Florida |
|---|---|---|
| 2017 | $219,000 | $209,000 |
| 2018 | $243,000 | $226,000 |
| 2019 | $254,000 | $242,000 |
| 2020 | $262,000 | $253,000 |
| 2021 | $287,000 | $276,000 |
| 2022 | $356,000 | $340,000 |
| 2023 | $401,000 | $392,000 |
| 2024 | $400,000 | $402,000 |
| 2025 | $390,000 | $397,000 |
| 2026 | $374,000 | $377,000 |
| August 2026 | $371,000 | $376,000 |
160 new homes permitted in 2025
Builders were permitted 160 new homes in West Melbourne in 2025: 154 single-family houses and 6 in buildings with two or more homes, worth about $42.7 million to build. That's 5.6 per 1,000 residents, slower than across Florida (8.3). Over the past 10 years, West Melbourne has permitted 4,959 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, West Melbourne gained 7,569 residents while 3,611 new homes were permitted: about 2.1 new residents per new home. Building and growth moved roughly in step. Across Florida: 2.8 new residents per new home.
How West 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) | 53 | 53 | 0 | $30.1 million |
| 2025 | 160 | 154 | 6 | $42.7 million |
| 2024 | 59 | 15 | 44 | $11.9 million |
| 2023 | 1,023 | 286 | 737 | $170.4 million |
| 2022 | 107 | 107 | 0 | $14.8 million |
| 2021 | 399 | 75 | 324 | $52.3 million |
| 2020 | 637 | 226 | 411 | $105 million |
| 2019 | 1,218 | 232 | 986 | $138.1 million |
| 2018 | 495 | 203 | 292 | $86.9 million |
| 2017 | 575 | 267 | 308 | $98.7 million |
| 2016 | 286 | 286 | 0 | $91.5 million |
| 2015 | 167 | 167 | 0 | $45.2 million |
| 2014 | 138 | 138 | 0 | $35.8 million |
| 2013 | 144 | 144 | 0 | $38.6 million |
| 2012 | 220 | 217 | 3 | $50.9 million |
| 2011 | 187 | 172 | 15 | $27.7 million |
| 2010 | 181 | 181 | 0 | $35.8 million |
| 2009 | 135 | 135 | 0 | $25.7 million |
| 2008 | 83 | 83 | 0 | $18.9 million |
| 2007 | 174 | 174 | 0 | $40.1 million |
| 2006 | 142 | 142 | 0 | $35.1 million |
| 2005 | 279 | 261 | 18 | $64.3 million |
| 2004 | 634 | 626 | 8 | $135.4 million |
| 2003 | 780 | 780 | 0 | $153.9 million |
| 2002 | 492 | 492 | 0 | $90.7 million |
| 2001 | 353 | 347 | 6 | $51.6 million |
| 2000 | 449 | 149 | 300 | $42.3 million |
How West 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.
West Melbourne and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| West Melbourne | $371K | −1.2% | $2,080 | 160 | $92,986 |
| June Park | — | +0.9%† | $2,080 | — | $88,243 |
| Melbourne | $357K | −1% | $1,870 | 64 | $66,991 |
| Melbourne Village | $429K | +3.2% | $2,080 | 1 | $100,000 |
| Palm Bay | $304K | −1.8% | $1,840 | 2,455 | $72,614 |
† FHFA price index change, where Zillow has no home value for the town.
4 years of income
The typical West Melbourne home costs about 4 years of the town's median household income, less than across Florida (5 years).
How West 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 $2,080
HUD's Fair Market Rent for a two-bedroom in West Melbourne is $2,080 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in West Melbourne pay a median of $1,845, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
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.