The housing market in West Melbourne, FL is thriving, with the median value of homes being significantly higher than the US median value at $411,200. This is further evidenced by the impressive 1 year appreciation rate of 20.52%, which far exceeds the national average of 8.27%. This suggests that housing in West Melbourne has been performing very well in recent years and is likely to continue to grow and expand in the future.
The median home cost in West Melbourne is $411,200. Home appreciation the last 10 years has been 211.6%. Home Appreciation in West Melbourne is up 26.8%.
Average Age of Homes
- The median age of West Melbourne real estate is 21 years old
The Rental Market in West Melbourne
- Renters make up 26.0% of the West Melbourne population
- 1.2% of houses and apartments in West 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.