The housing market in Melbourne, FL has seen significant growth over the past year, with the median home value increasing by 20.52%. This is significantly higher than the national average of 8.27%, which makes it an attractive location to invest in or purchase a home. The median home value in Melbourne, FL is currently $348,100, which is slightly higher than the national median of $338,100. Therefore, those interested in living or investing in Melbourne should take advantage of this opportunity and consider their options for purchasing a home now before prices increase further.
The median home cost in Melbourne is $348,100. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Melbourne is up 26.8%.
Average Age of Homes
- The median age of Melbourne real estate is 34 years old
The Rental Market in Melbourne
- Renters make up 32.7% of the Melbourne population
- 2.4% of houses and apartments in Melbourne, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.