Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the West Melbourne area can be challenging. Home prices in West Melbourne are now at a median cost of $228,544, lower than the Florida average of $278,762.
The average cost of rent is $1,649/mo in West Melbourne, primarily driven by the current value of real estate in the West Melbourne area. While nearly 45.83% of residents own their homes outright in West Melbourne, 15.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in West Melbourne is $6,288 per month. Households that rent pay about 26.22% of their income on rent here. West Melbourne's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Melbourne Village, FL: higher priced homes
- Palm Bay, FL: less expensive homes
- Melbourne, FL: higher priced homes
- Indialantic, FL: higher priced homes
- Malabar, FL: higher priced homes
- Indian Harbour Beach, FL: higher priced homes
- Palm Shores, FL: equally priced homes
- Satellite Beach, FL: higher priced homes
- Melbourne Beach, FL: higher priced homes
- Grant-Valkaria, FL: higher priced homes
Cities with Similar Populations
- Faribault, MN: less expensive homes
- Fremont, OH: less expensive homes
- Freeport, IL: less expensive homes
- York, SC: less expensive homes
- Fortuna Foothills, AZ: less expensive homes
- Fort Hood, TX: less expensive homes
- Youngsville, LA: equally priced homes
- Forest Hills, MI: higher priced homes
- Flowing Wells, AZ: less expensive homes
- Feasterville-Trevose, PA: higher priced homes
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