Population 51,635 · Census ACS 2020–24
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Population and households in ZIP 32940
Household size in ZIP 32940
| Period | ZIP 32940 | Melbourne area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.50 | 2.47 | 2.63 | 2.68 |
| 2010–14 | 2.58 | 2.50 | 2.73 | 2.73 |
| 2015–19 | 2.54 | 2.57 | 2.75 | 2.71 |
| 2020–24 | 2.51 | 2.52 | 2.63 | 2.65 |
| Change | +0.01 | +0.05 | +0.00 | −0.03 |
Households in ZIP 32940 run a little small, averaging 2.51 people against 2.65 nationally, which usually means more singles and couples and fewer children. The picture is much the same across the Melbourne area. The biggest households, usually families with children, are concentrated in the south.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in ZIP 32940
| Period | ZIP 32940 | Melbourne area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 46.0 | 44.4 | 40.8 | 37.7 |
| 2010–14 | 46.5 | 45.7 | 42.0 | 38.6 |
| 2015–19 | 49.8 | 46.4 | 43.0 | 39.6 |
| 2020–24 | 48.0 | 46.2 | 43.5 | 40.1 |
| Change | +2.0 | +1.7 | +2.7 | +2.3 |
With a median age of 48.0, ZIP 32940 is noticeably older than the country as a whole (40.1), an age mix that tilts toward empty nesters and retirees. The median age has climbed from 46.0 in 2006–10, mirroring the country. The youngest areas are in the northwest, the oldest in the east.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in ZIP 32940
| Period | ZIP 32940 | Melbourne area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.8% | 9.5% | 12.4% | 12.3% |
| 2010–14 | 7.9% | 10.3% | 12.2% | 12.3% |
| 2015–19 | 7.1% | 9.2% | 11.5% | 11.6% |
| 2020–24 | 4.9% | 9.2% | 11.4% | 11.6% |
| Change | −0.8 pts | −0.4 pts | −1.0 pts | −0.6 pts |
Single-parent households are relatively rare in ZIP 32940: 4.9% of households, against 11.6% nationally. The single-parent share is down 0.8 points from 2006–10, as it has nationally. ZIP 32940 has a lower share of single-parent households than at least four in five Florida ZIP codes.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in ZIP 32940
Renters in ZIP 32940
| Period | ZIP 32940 | Melbourne area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 13.8% | 23.6% | 30.3% | 33.3% |
| 2010–14 | 16.2% | 27.6% | 33.9% | 35.6% |
| 2015–19 | 16.7% | 25.7% | 34.6% | 36.0% |
| 2020–24 | 15.9% | 23.3% | 32.4% | 34.8% |
| Change | +2.1 pts | −0.3 pts | +2.1 pts | +1.5 pts |
ZIP 32940 is largely a place of homeowners: only 15.9% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. Just over four in ten owners (41.4%) have paid off their mortgages, about the same as nationally. Since 2006–10, the renter share has risen 2.1 points, as it has nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in ZIP 32940
| Period | ZIP 32940 | Melbourne area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 11.4% | 16.1% | 17.2% | 11.4% |
| 2010–14 | 12.1% | 16.8% | 17.6% | 11.4% |
| 2015–19 | 11.8% | 15.5% | 15.4% | 11.1% |
| 2020–24 | 6.5% | 12.7% | 12.5% | 9.6% |
| Change | −5.0 pts | −3.5 pts | −4.8 pts | −1.8 pts |
Vacancy is on the low side in ZIP 32940: 6.5% of homes sit empty, against 9.6% nationally, which points to steady demand for housing. Vacancy is down 5.0 points from 2006–10, as it has nationally. ZIP 32940 has a lower vacancy rate than at least four in five Florida ZIP codes.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in ZIP 32940
| Period | ZIP 32940 | Melbourne area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 1997 | 1984 | 1984 | 1974 |
| 2010–14 | 1998 | 1985 | 1985 | 1975 |
| 2015–19 | 2000 | 1986 | 1986 | 1977 |
| 2020–24 | 2005 | 1988 | 1989 | 1980 |
| Change | +8 | +4 | +5 | +6 |
Much of the housing in ZIP 32940 is relatively new: half of its homes were built after 2005, compared with 1980 for the U.S. as a whole. The median year built has moved up from 1997 in 2006–10, a sign of steady new building. The newest homes are mostly in the west, the oldest in the east. Only 48 of the 807 Florida ZIP codes with 5,000+ people have newer homes.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in ZIP 32940
| Period | ZIP 32940 | Melbourne area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,413 | $1,026 | $1,092 | $965 |
| 2010–14 | $1,383 | $1,034 | $1,123 | $1,040 |
| 2015–19 | $1,504 | $1,231 | $1,323 | $1,213 |
| 2020–24 | $2,145 | $1,688 | $1,816 | $1,571 |
| Change | +$732 | +$661 | +$724 | +$606 |
Rent in ZIP 32940 runs $2,145 a month at the median, utilities included, well above the U.S. median of $1,571. Rent has climbed $732 a month since 2006–10, up 52%, a slower climb than the nation's. The typical renter here spends 31.0% of household income on rent, just over the 30% mark often used to define affordable rent. The priciest rents are in the north; the most affordable are in the southeast.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in ZIP 32940
Bachelor's degrees in ZIP 32940
| Period | ZIP 32940 | Melbourne area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 39.8% | 25.8% | 26.4% | 28.4% |
| 2010–14 | 41.3% | 26.4% | 27.0% | 29.6% |
| 2015–19 | 46.6% | 29.6% | 30.0% | 32.1% |
| 2020–24 | 53.8% | 33.8% | 34.6% | 35.6% |
| Change | +14.0 pts | +8.0 pts | +8.2 pts | +7.2 pts |
College graduates are unusually common in ZIP 32940: 53.8% of adults 25 and older have a bachelor's degree or higher, against 35.6% nationally. Education tends to track local incomes and the kinds of jobs nearby. The share with a degree has risen 14.0 points since 2006–10, in line with the national trend.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in ZIP 32940
| Period | ZIP 32940 | Melbourne area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 95.2% | 90.5% | 85.5% | 84.9% |
| 2010–14 | 94.3% | 90.4% | 86.5% | 86.1% |
| 2015–19 | 96.0% | 92.0% | 88.2% | 87.7% |
| 2020–24 | 97.2% | 93.1% | 90.0% | 89.3% |
| Change | +2.0 pts | +2.6 pts | +4.4 pts | +4.3 pts |
Finishing high school is nearly universal in ZIP 32940: 97.2% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. The share with a diploma has risen 2.0 points since 2006–10, in line with the national trend. Of the 807 Florida ZIP codes with 5,000+ people, only 60 have a higher share of high school graduates.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in ZIP 32940
| Period | ZIP 32940 | Melbourne area | Florida | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.6% | 8.8% | 8.9% | 8.1% |
| 2010–14 | 11.4% | 12.0% | 11.0% | 9.4% |
| 2015–19 | 3.9% | 5.2% | 5.7% | 5.6% |
| 2020–24 | 3.9% | 4.9% | 4.8% | 5.4% |
| Change | −2.7 pts | −3.9 pts | −4.1 pts | −2.7 pts |
Jobs have been easier to find in ZIP 32940 than nationally: unemployment was 3.9%, against 5.4%. Unemployment is down 2.7 points from 2006–10, as it has nationally. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
ZIP 32940 compared with nearby ZIP codes
| ZIP code | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| ZIP 32940 | 2.51 | 48.0 | 4.9% | 15.9% | 6.5% | 2005 | $2,145 | 53.8% | 97.2% | 3.9% |
| ZIP 32955 | 2.45 | 48.2 | 6.5% | 23.0% | 13.7% | 1990 | $1,919 | 36.0% | 94.0% | 4.6% |
| ZIP 32934 | 2.42 | 50.8 | 5.1% | 15.8% | 5.4% | 1993 | $1,820 | 43.5% | 94.7% | 2.4% |
| ZIP 32925 | 3.02 | 24.9 | 9.1% | 100.0% | 13.9% | 1990 | $2,190 | 48.0% | 97.4% | 3.2% |
| ZIP 32935 | 2.29 | 41.6 | 12.8% | 38.8% | 9.6% | 1978 | $1,463 | 29.8% | 93.3% | 3.8% |
| ZIP 32937 | 2.48 | 44.8 | 7.6% | 17.1% | 14.8% | 1977 | $1,843 | 54.0% | 98.1% | 3.2% |
| ZIP 32952 | 2.46 | 50.9 | 5.2% | 15.9% | 14.2% | 1976 | $1,669 | 44.2% | 95.3% | 3.0% |
| ZIP 32931 | 1.95 | 59.5 | 3.9% | 22.1% | 26.1% | 1976 | $1,728 | 50.5% | 96.7% | 7.7% |
| ZIP 32922 | 2.27 | 42.8 | 18.3% | 48.4% | 18.3% | 1968 | $1,228 | 22.4% | 88.5% | 4.7% |
| ZIP 32903 | 2.22 | 51.7 | 8.0% | 15.9% | 17.6% | 1980 | $1,805 | 55.6% | 98.5% | 4.9% |
| ZIP 32926 | 2.40 | 49.0 | 8.5% | 18.7% | 12.0% | 1987 | $1,615 | 25.7% | 89.7% | 4.7% |
All figures 2020–24.
Zip codes with similar populations: 90027, CA · 11757, NY · 11772, NY · 12065, NY · 12601, NY · 21220, MD · 21921, MD · 23188, VA · 27502, NC · 87401, NM
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up ZIP 32940. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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