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market report · 32940
Melbourne, FL · 32940
147 active listings$494,900 median ask$2,943 est. rent0.6% price/rent
$494,900
Median list price
$2,943/mo
Estimated rent
0.6%
Price / rent ratio
147
Listings
FHFA home price index · 2015–2024
121.5% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.54
Median rent / sqft
144 comps
$261.51
Median sold / sqft
144 comps
—
Walkability
4.7%
Area unemployment
BLS LAUS
Median household income $110,495 · median home value $467,000 · ACS 2024.
Natural-hazard risk Very High (FEMA NRI score 98).
9 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
6461 Borasco Dr, Melbourne, FL 32940
Melbourne, FL
$135,000$2,166/mo1.6%
6431 Borasco Dr, Melbourne, FL 32940
Melbourne, FL
$169,900$1,939/mo1.1%
6450 Borasco Dr, Melbourne, FL 32940
Melbourne, FL
$139,990$1,495/mo1.1%
1411 Patriot Dr, Melbourne, FL 32940
Melbourne, FL
$330,000$2,926/mo0.9%
6858 Toland Dr, Melbourne, FL 32940
Melbourne, FL
$275,000$2,417/mo0.9%
745 Pine Island Dr, Melbourne, FL 32940
Melbourne, FL
$285,000$2,503/mo0.9%