In Melbourne, a typical home is worth $306,400 and typical rent is $1,525 a month. Compared with all of Brevard County, typical household income is 15% lower, the typical home value is 10% lower, and the share of households that own their home is 17 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $305,546 to $357,832.
Typical rent
$1,841a month
▲ 0.7% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,601 to $1,841.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Melbourne is in Brevard County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Brevard County. See the county
What this place has that others do not, from public data, most unusual first.
1
60% of households in Melbourne own their home, against 77% in Brevard County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Melbourne
What homes there are in Melbourne, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Melbourne
Brevard County
Florida
United States
Kind of home: Melbourne and its comparisons
Measure
Melbourne
Brevard County
Florida
United States
Detached house
57%
66%
55%
61%
Attached house
6%
5%
7%
6%
Building of 2 to 4
7%
5%
6%
8%
Apartments (5 or more)
26%
17%
25%
19%
Mobile home
4%
7%
8%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
Detached houses are the majority in Melbourne (57%), but less so than in Brevard County (66%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Melbourne
Brevard County
Florida
United States
Year built: Melbourne and its comparisons
Measure
Melbourne
Brevard County
Florida
United States
Before 1960
13%
8%
10%
26%
1960–1979
26%
24%
24%
24%
1980–1999
38%
38%
34%
25%
2000–2009
14%
19%
18%
14%
2010 or later
9%
11%
14%
11%
In Melbourne, half of the homes were built before 1985; in Brevard County, before 1988.
In Melbourne, 14% of homes have 1 bedroom or none (studios); 57% have 3 bedrooms or more, against 67% in Brevard County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K6%
$100K–$200K15%
$200K–$300K27%
$300K–$500K37%
$500K–$750K8%
FHA limit: $541,287
$750K–$1M3%
$1M or more3%
Value of owner-occupied homes: Melbourne and its comparisons
Measure
Melbourne
Under $100K
6%
$100K–$200K
15%
$200K–$300K
27%
$300K–$500K
37%
$500K–$750K
8%
$750K–$1M
3%
$1M or more
3%
By price, most homes in Melbourne sit under the FHA limit for Brevard County ($541,287): about 87%.
Monthly rent with utilities
Under the limitOver the limit
Under $5005%
$500–$99911%
$1,000–$1,49933%
$1,500–$1,99938%
HUD fair market rent, 2 bedrooms: $1,779
$2,000–$2,49910%
$2,500–$2,9992%
$3,000 or more2%
Monthly rent with utilities: Melbourne and its comparisons
Measure
Melbourne
Under $500
5%
$500–$999
11%
$1,000–$1,499
33%
$1,500–$1,999
38%
$2,000–$2,499
10%
$2,500–$2,999
2%
$3,000 or more
2%
HUD's 2-bedroom fair market rent (FMR) for Brevard County is $1,779; about 69% of rents in Melbourne are below it.
With a mortgage
$1,689 a month
Brevard County: $1,805 a month
Without a mortgage
$569 a month
Brevard County: $608 a month
Owners with a mortgage
59%
Brevard County: 56%
In Melbourne, 59% of owners have a mortgage, and their typical cost is $1,689 a month, against $1,805 in Brevard County. Without one it drops to $569.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Melbourne+81%
Brevard County+73%
Florida+67%
United States+53%
Typical rent
Melbourne+48%
Brevard County+46%
Florida+42%
United States+33%
Typical household income
Melbourne+38%
Brevard County+38%
Florida+34%
United States+29%
Change since 2015–2019: Melbourne and its comparisons
Measure
Melbourne
Brevard County
Florida
United States
Typical home value
+81%
+73%
+67%
+53%
Typical rent
+48%
+46%
+42%
+33%
Typical household income
+38%
+38%
+34%
+29%
From 2015–2019 to 2020–2024, the typical home value in Melbourne rose 81%; in Brevard County, it rose 73%.
The typical rent in Melbourne rose 48% since 2015–2019, about the same as in Brevard County (46%).
Here income did not keep up with housing: it rose 38%, while home values changed +81% and rent +48%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Melbourne and its comparisons
Measure
Melbourne
Brevard County
Florida
United States
Rental vacancy
6.2%
10.8%
7.6%
5.5%
Homeowner vacancy
Unreliable estimate
1.0%
1.4%
0.9%
More than one person per room
1.8%
1.5%
3.3%
3.4%
People per household
2.24
2.42
2.51
2.53
Drive alone
72%
75%
70%
69%
Carpool
7%
7%
9%
9%
Public transit
Unreliable estimate
1%
1%
3%
Walk or bike
4%
2%
2%
3%
Work from home
14%
15%
16%
15%
Other means
2%
1%
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
There is little rental housing open in Melbourne: only 6.2% is empty and offered for rent, against 10.8% in Brevard County.
Much as in Brevard County, 1.8% of households in Melbourne have more than one person per room.
On average, a household in Melbourne has 2.24 people, fewer than in Brevard County (2.42).
To get to work, 72% of workers in Melbourne drive alone; in Brevard County, 75%.
Do the math
What would you pay each month for a home in Melbourne?
A typical home costs more than the typical income allows
We start with a typical home in Melbourne, worth $306,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 44% of the typical household income in Melbourne, which is $66,991 a year. For that payment to be 28% of income, a household would need to earn about $106,066 a year.
The calculator's FHA and conventional loan limits are those of all of Brevard County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Melbourne. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $10,724 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,475
at 7.18% · 30 years
Loan amount
$300,850
Total interest
$432,853
Paid off in
November 2056
Includes $5,174 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,563 a month
Tight
$1,563 to $2,010 a month
Hard
more than $2,010 a month
Your payment · 44%
Compared with the typical household income in Melbourne ($66,991 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,038
Property tax
$174
Home insurance
$128
FHA mortgage insurance (MIP)
$136
You need at least $10,724 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,475; principal and interest $2,038.
The city and its county
Melbourne and Brevard County
Melbourne is in Brevard County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Melbourne
Map of Brevard County, Florida, with Melbourne marked. Around it, the neighboring counties.
Melbourne
Brevard County
Other cities with a page
Melbourne's own numbers
Typical home value
$306,400
Typical monthly rent
$1,525
Typical yearly household income
$66,991
Households that own their home
60%
Effective property tax rate
0.68%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Brevard County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,779
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
6.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Brevard County.
A typical home in Melbourne is worth $306,400: 10% below the county and 15% below Florida. With the typical household income in Melbourne ($66,991 a year), a typical home costs 4.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Melbourne4.6 years
Brevard4.3 years
Florida4.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Brevard County
According to FHFA’s house price index, home prices in Brevard County rose 135% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Brevard County.
Yearly change in FHFA’s price index in Brevard County, 2016 to 2025
2016: +13.4% +13.4% 2016
2017: +11.5% +11.5% 2017
2018: +8.3% +8.3% 2018
2019: +5.2% +5.2% 2019
2020: +5.7% +5.7% 2020
2021: +15.9% +15.9% 2021
2022: +24.1% +24.1% 2022
2023: +7.1% +7.1% 2023
2024: +0.9% +0.9% 2024
2025: −0.8% −0.8% 2025
Change in FHFA’s price index in Brevard County, Florida and the United States
Period
County
Florida
U.S.
Last year (2025)
−0.8%
−0.5%
+2.9%
5 years (2020–2025)
+54%
+60%
+47%
10 years (2015–2025)
+135%
+127%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Melbourne next to Brevard County, Florida and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Melbourne$306,400
Brevard$339,600
Florida$359,000
United States$332,700
Typical monthly rent
Melbourne$1,525
Brevard$1,556
Florida$1,669
United States$1,413
Typical yearly household income
Melbourne$66,991
Brevard$78,476
Florida$74,568
United States$80,734
See the full table
Melbourne next to Brevard County and Florida
Measure
Melbourne
Brevard County
Florida
U.S.
Typical home value
$306,400 ▼10% below the county
$339,600
$359,000
$332,700
Typical monthly rent
$1,525
$1,556
$1,669
$1,413
Typical yearly household income
$66,991 ▼15% below the county
$78,476
$74,568
$80,734
Households that own their home
60% ▼17 points below the county
77%
68%
65%
Typical yearly property tax
$2,075 ▼10% below the county
$2,311
$2,730
$3,119
Effective property tax rate
0.68%
0.68%
0.76%
0.94%
Renters with high rent for their income
56%
56%
60%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Brevard County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Melbourne
For a typical $306,400 home in Melbourne, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Melbourne's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,475a month
Least cash to close
Down payment
$10,724
Cash to close
$19,916
Rate
7.18%
Mortgage insurance
FHA MIP · $136
Conventional, 5% down$2,419a month
Down payment
$15,320
Cash to close
$24,512
Rate
7.18%
Mortgage insurance
PMI · $146
Conventional, 20% down, no PMI$1,962a month
Down payment
$61,280
Cash to close
$70,472
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,245a month
Down payment
$45,960
Cash to close
$55,152
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Melbourne
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,475
$10,724
$300,850
7.18%
FHA MIP · $136
$19,916
580
Conventional, 5% down
$2,419
$15,320
$291,080
7.18%
PMI · $146
$24,512
620*
Conventional, 20% down, no PMI
$1,962
$61,280
$245,120
7.18%
None
$70,472
620*
ITIN, 15% down (example)
$2,245
$45,960
$260,440
8.18%
None
$55,152
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Melbourne is $1,525 a month: about the same as the county. In Melbourne, 56% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Brevard County, by unit size. To pay the 2-bedroom one ($1,779 a month) without spending more than 30% of your income, you would need to earn $34.21 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Brevard County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,327
$25.52
$53,080
1 bedroom
$1,525
$29.33
$61,000
2 bedrooms
$1,779
$34.21
$71,160
3 bedrooms
$2,382
$45.81
$95,280
4 bedrooms
$2,707
$52.06
$108,280
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Melbourne
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Melbourne has 4 ZIP codes with their own.
For 2 bedrooms it runs from $1,770 in 32901 to $2,170 in 32934.
3 of the 4 are above the fair market rent for Brevard County ($1,779).
2-bedroom fair market rent in each of the 4 ZIP codes of Melbourne, beside the one for Brevard County. For 2 bedrooms it runs from $1,770 in 32901 to $2,170 in 32934. 3 of the 4 are above the fair market rent for Brevard County ($1,779).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,779
Lowest: $1,770 (32901)Highest: $2,170 (32934)
Fair market rent by ZIP code and size in Melbourne, fiscal year 2027.
32901
$1,320
$1,520
$1,770
$2,370
$2,690
32904
$1,570
$1,810
$2,110
$2,820
$3,210
32934
$1,620
$1,860
$2,170
$2,900
$3,300
32935
$1,360
$1,560
$1,820
$2,440
$2,770
ZIP code2 bd3 bd
32901 $1,770$2,370
32904 $2,110$2,820
32934 $2,170$2,900
32935 $1,820$2,440
3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Melbourne when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 18 buildings with rents for lower incomes in Melbourne. These are the largest.
Hickory Pointe2700 Carlson Cir, Melbourne 32901216 low-income homes · 1 bd: 108 · 2 bd: 108 · In service since 1999 · For older adults
Manatee Cove746 Madelyn Way, Melbourne 32901192 low-income homes · 2 bd: 128 · 3 bd: 64 · In service since 2006 · For families
Trinity Towers West650 E Strawbridge Ave, Melbourne 32901192 low-income homes · Studio: 64 · 1 bd: 128 · In service since 2016 · For older adults, families(321) 723-7512
BC North1135 Mathers St, Melbourne 32935165 homes, 162 low-income · Run by Housing Authority of Brevard County · Average payment: $558 a month · Average wait: 9 months · Homes at several sites(321) 775-1578
Trinity Towers South615 E New Haven Ave, Melbourne 32901162 low-income homes · Studio: 130 · 1 bd: 32 · In service since 2019 · For older adults, families(321) 723-8620
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Brevard County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Melbourne or Brevard County. The ones below are statewide in Florida: they work in Melbourne the same as in the rest of the state.
Florida Housing second loan with no interest and no monthly payments, repaid when you sell or refinance.Offered by Florida Housing Finance Corporation.
No legal help resource on our list is for Melbourne or Brevard County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Melbourne and all of Brevard County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Melbourne?
The typical home value in Melbourne is $306,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Brevard County it is $339,600.
How much does it cost to rent in Melbourne?
Typical rent in Melbourne is $1,525 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Brevard County is $1,779.
What is the FHA loan limit in Melbourne?
Melbourne uses the FHA limit for all of Brevard County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Melbourne?
The typical homeowner in Melbourne pays $2,075 a year, according to the U.S. Census Bureau. That is 0.68% of the home’s value; in Brevard County, the rate is 0.68%.
Where can I find free help to buy or rent in Melbourne?
There is 1 HUD-approved counseling agency with an office in Brevard County. They can help you get ready to buy, with your credit, or with rent.
