The housing market in 32951 Melbourne Beach, FL is thriving. The median home value in this area is $597,600, which is nearly double the US house median value of $338,100. Over the last year, the value of homes has appreciated at a rate of 20.52%, significantly higher than the national average appreciation rate of 8.27%. This makes Melbourne Beach a great place to invest for those looking to purchase real estate.
The median home cost in Melbourne Beach (zip 32951) is $597,600. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Melbourne Beach (zip 32951) is up 26.8%.
Average Age of Homes
- The median age of Melbourne Beach (zip 32951) real estate is 30 years old
The Rental Market in Melbourne Beach (zip 32951)
- Renters make up 11.3% of the Melbourne Beach (zip 32951) population
- 1.5% of houses and apartments in Melbourne Beach (zip 32951), 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.