Real Estate Market Update for 32904 (Melbourne, FL)
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was stable from one year earlier, and up 100% from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was just over 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 93%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 50-thousand dollars. The number of units sold was consistent year-over-year, and held steady month-over-month. ... an indication that local market conditions were basically unchanged. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 32904 (Melbourne, FL)
Area Information for 32904 (Melbourne, FL)
  • Population: 29,565
  • Median Age: 46.2 yr
  • Median Commute Time: 20 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 1,522/sq mi
  • Population Change Since 2000: 58.86%
  • Closest Airport: Melbourne International
  • Closest College: Florida Institute Of Technology
  • Closest Jr. College: Brevard Community College-palm Bay
  • Median Household Income: $54,898
  • Annual Residential Turnover: 12%
  • Median Home Sales Price: $161,950
  • Closest Major Sports Team: Brevard County Manatees (a)
  • Change Avg. Household Income Since 2000: 24.19%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 32904 (Melbourne, FL)
Median Age: 46.2 Married: 44% Number of Households: 12,687 Households with Children: 2,876
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 32904 (Melbourne, FL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      West Melbourne Christian Academy 1.7 mi Private K-12 0 4
      W. Melbourne Elementary School For Science 1.9 mi Public K-6 5 4
      Meadowlane Intermediate Elementary School 2.0 mi Public 3-6 4 4
      Educational Horizons Charter School 2.0 mi Public K-6 4 4
      Calvary Chapel Academy 2.1 mi Private PRESCHOOL-8 0 5
      Meadowlane Primary Elementary School 2.1 mi Public K-2 0 4
      Mustard Seed Kidz 2.3 mi Private PRESCHOOL-3 0 0
      Central Middle School 2.5 mi Public 7-8 3 3
      New Covenant School 2.9 mi Private K-12 0 5
      New Hope Lutheran Academy 3.0 mi Private PRESCHOOL-8 0 4
      Brevard Christian School 3.8 mi Private PRESCHOOL-12 0 3
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
      Local Weather for 32904 (Melbourne, FL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.