Zip 32934 (Melbourne, FL) Housing

The housing market in 32934 Melbourne, FL has been outperforming the overall US market. According to the data, the median value of housing in 32934 is $477,000, which is significantly higher than the US median value of $338,100. Over the last year, houses have appreciated an impressive 20.52%, while the national average was only 8.27%. This indicates that there is a strong demand for housing in this area and that it is a desirable place to live.

The median home cost in Melbourne (zip 32934) is $477,000. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Melbourne (zip 32934) is up 26.8%.

Average Age of Homes

- The median age of Melbourne (zip 32934) real estate is 28 years old

The Rental Market in Melbourne (zip 32934)

- Renters make up 16.8% of the Melbourne (zip 32934) population
- 0.6% of houses and apartments in Melbourne (zip 32934), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Melbourne, Florida	United States
	7,693.0	139,647,020.0
	29	42
	$477,000	$338,100
	26.8%	16.6%
	85.7%	57.0%
	211.6%	101.1%
	$8.41	$10.98
	$2,535	$2,690
	85.1%	57.4%
	5.0%	11.2%
	9.9%	31.4%
Vacant Housing
	0.6%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	2.9%	3.6%
	0.7%	4.1%
Value of Owner-Occupied Housing
	5.9%	2.6%
	3.1%	2.4%
	1.9%	2.8%
	1.1%	3.9%
	1.7%	4.5%
	2.0%	11.3%
	7.0%	13.0%
	27.1%	20.1%
	15.4%	13.6%
	15.9%	8.3%
	14.8%	9.7%
	3.0%	3.9%
	0.6%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	18.1%	13.6%
	18.1%	13.6%
	33.4%	13.6%
	28.2%	13.2%
	9.4%	14.8%
	33.4%	13.6%
	0.2%	10.0%
	0.0%	4.7%
	0.0%	12.2%