Housing in Melbourne, FL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$353,750
Median List Price
$309,900
Price Per Sq Ft
$203
Days on Market
73
Active Inventory
450
Months of Supply
7.3
Buyer's market
Zillow Home Value
$350,800
ZHVI — January 2026
Zillow Rent Index
$1,879
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
6.5%
Off Market in 2 Weeks
25.5%
Sale-to-List Ratio
96.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
62
New Listings
193
Pending Sales
145
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$203
Median List $/SF
$211
Melbourne vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Melbourne is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$272,900
Median Rent
$1,411
Total Housing Units
40,709
Vacancy Rate
11.7%
Owner Occupied
60.3%
Renter Occupied
39.7%
Median Property Tax
$1,913
per year
Monthly Cost (w/ Mortgage)
$1,124
Housing Types
The current median sale price in Melbourne, FL is $353,750 according to Redfin data. Homes spend a median of 73 days on the market. 6.5% of homes sold above asking price. The market has 7.3 months of supply. The median price per square foot is $203. Zillow's observed rent index is $1,879/month. About 60.3% of housing units are owner-occupied. The median year homes were built is 1984. There are 40,709 total housing units.