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Melbourne
  • Town in Florida

Melbourne Real Estate Market

About Melbourne Real Estate

Housing
grade B
Based on home values, property taxes, housing costs, local schools, and more.
Area Feel
Dense Suburban
Rent vs. Own
  • Rent
    42%
  • Own
    58%
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Homes for Sale

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Real Estate Costs

Median Home Value
$169,000
National
$217,500
Home Values
  • <$50k
    8%
  • $50-$99k
    15%
  • $100-$199k
    40%
  • $200-$399k
    30%
  • $400-$749k
    5%
  • $750k+
    2%
Median Rent
$1,030
National
$1,062
Monthly Rent
  • <$500
    8%
  • $500-$999
    39%
  • $1,000-$1,499
    41%
  • $1,500-$1,999
    8%
  • $2,000+
    4%
29%
of residents say housing is affordable. 51 responses

Home Quality

Poll
53%
of residents say the exterior quality of homes is good or excellent. 51 responses
Poll
47%
of residents say the interior quality of homes is good or excellent. 51 responses
37%
of residents say there is a good variety of homes. 51 responses
78%
of residents say there are a few vacant or abandoned properties here and there. 50 responses
51%
of residents say that parking is readily available. 51 responses

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Overview

Homes in Melbourne have a median value of $169,000. The median rent price in Melbourne is $1,030 and most residents own their homes. Melbourne is walkable, and there are a lot of restaurants and parks nearby.

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