The housing market in Melbourne, FL (zip code 32901) is performing exceptionally well. According to the latest figures, the median value of houses in the area is $270,900, which is significantly lower than the US median of $338,100. However, what is most impressive is that house values have appreciated by 20.52% over the course of the past year, compared to only 8.27% appreciation nationwide. This indicates that Melbourne has seen an exceptional increase in housing prices and could be a great investment opportunity for those looking to purchase a property in the area.
The median home cost in Melbourne (zip 32901) is $270,900. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Melbourne (zip 32901) is up 26.8%.
Average Age of Homes
- The median age of Melbourne (zip 32901) real estate is 34 years old
The Rental Market in Melbourne (zip 32901)
- Renters make up 38.9% of the Melbourne (zip 32901) population
- 3.1% of houses and apartments in Melbourne (zip 32901), 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.