Zip 32951 (Melbourne Beach, FL) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Melbourne Beach, Florida	United States
	7,717.0	139,647,020.0
	33	42
	$597,600	$338,100
	26.8%	16.6%
	85.7%	57.0%
	211.6%	101.1%
	$8.04	$10.98
	$3,164	$2,690
	63.2%	57.4%
	24.5%	11.2%
	12.3%	31.4%
Vacant Housing
	1.5%	1.9%
	0.4%	0.4%
	1.1%	0.7%
	0.3%	0.4%
	17.7%	3.6%
	3.5%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	1.4%	2.4%
	0.5%	2.8%
	1.3%	3.9%
	1.1%	4.5%
	3.2%	11.3%
	5.4%	13.0%
	19.1%	20.1%
	18.6%	13.6%
	17.4%	8.3%
	18.6%	9.7%
	4.3%	3.9%
	6.1%	2.2%
	1.5%	0.8%
	0.9%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.0%	13.6%
	15.0%	13.6%
	23.6%	13.6%
	29.1%	13.2%
	16.5%	14.8%
	23.6%	13.6%
	3.4%	10.0%
	0.3%	4.7%
	0.6%	12.2%

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