Melbourne Beach, FL is a popular coastal town whose housing market has seen impressive growth in the last year. According to the data provided, the median house value in Melbourne Beach is $584,200, substantially higher than the US median of $338,100. What really stands out is that while the US house appreciation rate for one year was 8.27%, Melbourne Beach experienced an increase of 20.52% over the same period - clearly indicating that demand for housing in this area has been on the rise. This trend looks set to continue as more people are attracted to all that Melbourne Beach has to offer and seek a piece of real estate here.
The median home cost in Melbourne Beach is $584,200. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Melbourne Beach is up 26.8%.
Average Age of Homes
- The median age of Melbourne Beach real estate is 43 years old
The Rental Market in Melbourne Beach
- Renters make up 14.6% of the Melbourne Beach population
- 4.8% of houses and apartments in Melbourne Beach, 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.