Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Melbourne Village area can be challenging. Home prices in Melbourne Village are now at a median cost of $268,600, lower than the Florida average of $278,762.
The average cost of rent is $1,122/mo in Melbourne Village, primarily driven by the current value of real estate in the Melbourne Village area. While nearly 48.17% of residents own their homes outright in Melbourne Village, 24.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in Melbourne Village is $5,425 per month. Households that rent pay about 20.68% of their income on rent here. Melbourne Village's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- West Melbourne, FL: less expensive homes
- Melbourne, FL: equally priced homes
- Indialantic, FL: higher priced homes
- Indian Harbour Beach, FL: higher priced homes
- Palm Bay, FL: less expensive homes
- Palm Shores, FL: equally priced homes
- Satellite Beach, FL: higher priced homes
- Malabar, FL: higher priced homes
- Melbourne Beach, FL: higher priced homes
- Grant-Valkaria, FL: higher priced homes
Cities with Similar Populations
- Lowell, WI: less expensive homes
- Ontario on the Lake, NY: less expensive homes
- Oakfield, ME: less expensive homes
- Moscow, TX: less expensive homes
- Menola, NC: less expensive homes
- Menlo, IA: less expensive homes
- Mc Intosh, NM: less expensive homes
- Mascoma, NH: higher priced homes
- Magenta, MS: less expensive homes
- Luther, IA: less expensive homes
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