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These days, finding an affordable place to live in the Melbourne Beach area can be challenging. Home prices in Melbourne Beach are now at a median cost of $597,437, higher than the Florida average of $396,783.
The average cost of rent is $1,678/mo in Melbourne Beach, primarily driven by the current value of real estate in the Melbourne Beach area. In Melbourne Beach, 14.61% of households rent, and 57.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Melbourne Beach is $8,584 per month. Households that rent pay about 19.54% of their income on rent here. Melbourne Beach’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Malabar, FL: less expensive homes
- Grant-Valkaria, FL: less expensive homes
- Palm Bay, FL: less expensive homes
- Indialantic, FL: less expensive homes
- West Melbourne, FL: less expensive homes
- Melbourne Village, FL: less expensive homes
- Indian Harbour Beach, FL: less expensive homes
- Satellite Beach, FL: less expensive homes
- Melbourne, FL: less expensive homes
- Palm Shores, FL: less expensive homes
Cities with Similar Populations
- Abingdon, MD: less expensive homes
- Athol, MA: less expensive homes
- Apollo, PA: less expensive homes
- Antigo, WI: less expensive homes
- Annville, PA: less expensive homes
- Annapolis Neck, MD: higher priced homes
- Andover, NJ: less expensive homes
- Amityville, NY: equally priced homes
- Amherst, NH: less expensive homes
- Alma, MI: less expensive homes
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