Real Estate Market Update for Melbourne, FL
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 100% from one year earlier, and up 5% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was 60-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up more than 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 250-thousand dollars. The number of units sold was consistent year-over-year, and decreased 50% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
Show Transcript
Map Information for Melbourne, FL
Area Information for Melbourne, FL
  • Population: 76,558
  • Median Age: 42.95 yr
  • Median Commute Time: 17.26 mins
  • Educational Climate*: 4
  • Sales Tax: 5.995%
  • Population Density: 2,261/sq mi
  • Population Change Since 2000: 3.98%
  • Closest Airport: Melbourne International
  • Closest College: Keiser College-melbourne
  • Closest Jr. College: Brevard Community College-melbourne
  • Median Household Income: $41,891
  • Annual Residential Turnover: 16.75%
  • Median Years in Residence: 3.39 yr
  • Median Home Sales Price: $89,900
  • Closest Major Sports Team: Tampa Bay Lighting
  • Change Avg. Household Income Since 2000: 20%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Melbourne, FL
Median Age: 42.95 Married: 30% Number of Households: 35,609 Households with Children: 8,052
Community:
    • 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 Melbourne, FL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Florida Air Academy 0.3 mi Private 6-12 0 3
      Brevard 0.5 mi Private PRESCHOOL-12 0 3
      University Park Elementary School 0.9 mi Public PRESCHOOL-6 1 3
      South Area Adult Education Day Program 1.0 mi Public UNGRADE-UNGRADE 0 0
      South Area Adult Education-night Program 1.0 mi Public UNGRADE-UNGRADE 0 0
      Melbourne Senior High School 1.1 mi Public 9-12 3-5 4
      The Star Center 1.1 mi Private K-K 0 0
      Our Lady Of Lourdes Catholic School 1.1 mi Catholic PRESCHOOL-8 0 5
      The Star Center School For Autism 1.1 mi Private 1-7 0 0
      Shiloh Christian Academy 1.2 mi Private PRESCHOOL-12 0 0
      New Covenant Christian School 1.3 mi Private K-12 0 5
      Melbourne Central Catholic High School 1.5 mi Catholic 9-12 0 4
      New Hope Lutheran Academy 1.8 mi Private PRESCHOOL-8 0 4
      Stone Middle School 1.9 mi Public 7-8 3 4
      Central Middle School 2.1 mi Public 7-8 3-5 3
      Palm Bay Senior High School 2.1 mi Public 9-12 2 3
      Palm Bay High Adult Education 2.1 mi Public UNGRADE-UNGRADE 0 0
      Westshore Junior/senior High School 2.2 mi Public 7-12 5 5
      W Melbourne Elementary For Science 2.4 mi Public K-6 4-5 4
      Meadowlane Primary Elementary School 2.5 mi Public K-2 0 4
      Educational Horizons Charter School 2.6 mi Public K-6 3 4
      Meadowlane Intermediate Elementary School 2.6 mi Public 3-6 3-5 4
      West Melbourne Christian Academy 2.6 mi Private PRESCHOOL-12 0 4
      Diamond Community School Inc 2.7 mi Private 1-12 0 0
      Calvary Chapel Academy 2.7 mi Private PRESCHOOL-8 0 5
      Mustard Seed Kidz 3.0 mi Private PRESCHOOL-1 0 0
      Riverdale Country School 3.0 mi Public K-12 0 2
      Palm Bay Academy Charter School 3.2 mi Public K-8 3 3
      Harbor City Elementary School 3.2 mi Public PRESCHOOL-6 2-5 4
      Riviera Elementary School 3.3 mi Public PRESCHOOL-6 2-5 4
      Sancta Familia Academy 3.5 mi Catholic PRESCHOOL-12 0 5
      Rising Stars Academy 3.5 mi Private K-12 0 4
      Roy Allen Elementary School 3.5 mi Public PRESCHOOL-6 3-5 3
      Holy Family Traditional Catholic School 3.5 mi Catholic K-4 0 0
      Lockmar Elementary School 3.9 mi Public PRESCHOOL-6 4 4
      Indialantic Elementary School 3.9 mi Public K-6 5 4
      Herbert C Hoover Middle School 3.9 mi Public 7-8 4 4
      Eau Gallie High School 4.0 mi Public 9-12 3 4
      Croton Elementary School 4.0 mi Public PRESCHOOL-6 3 4
      Community Christian School Inc 4.0 mi Private K-12 0 4
      Palm Bay Elementary School 4.1 mi Public PRESCHOOL-6 2 3
      St Joseph Catholic School 4.2 mi Catholic PRESCHOOL-8 0 5
      Covenant Christian School 4.3 mi Private PRESCHOOL-12 0 4
      Faith Christian School 4.3 mi Private 1-12 0 0
      Dr W.j Creel Elementary School 4.4 mi Public PRESCHOOL-6 3 4
      Sabal Elementary School 4.4 mi Public PRESCHOOL-6 3 3
      Imagine Schools At West Melbourne 4.5 mi Public K-8 0 0
      Palm Bay Sda School & Early Childhood Ctr 4.7 mi Private PRESCHOOL-7 0 0
      Journeys Academy Educational Pathways To Sucess 4.7 mi Private 2-12 0 0
      Lyndon B Johnson Middle School 4.8 mi Public 7-8 3-5 4
      Rfm Christian Academy Palm Bay 4.9 mi Private K-7 0 0
      Gemini Elementary School 4.9 mi Public K-6 5 5
      No Limits Academy 4.9 mi Private 1-12 0 0
      Port Malabar Elementary School 5.0 mi Public K-6 3 4
      Holy Name Of Jesus Catholic School 5.1 mi Catholic PRESCHOOL-8 0 0
      South Area Alternate Abeyance Center 5.2 mi Public 6-12 0 3
      Christa Mcauliffe Elementary School 5.3 mi Public PRESCHOOL-6 3 4
      Easter Seals Florida, Inc 5.5 mi Public - 0 0
      Ascension Catholic School 5.6 mi Catholic PRESCHOOL-8 0 5
      Indian Harbour Montessori Especially For Children 5.6 mi Private PRESCHOOL-6 0 0
      Ocean Breeze Elementary School 5.7 mi Public PRESCHOOL-6 4 5
      Ami Kids Space Coast 5.8 mi Public 6-12 0 0
      Southwest Middle School 6.2 mi Public 7-8 3 4
      Discovery Elementary School 6.2 mi Public K-6 2-5 3
      John F Turner, Senior Elementary 6.4 mi Public PRESCHOOL-6 2 3
      Surfside Elementary School 6.9 mi Public K-6 5 4
      Sherwood Elementary School 6.9 mi Public PRESCHOOL-6 3 4
      Jupiter Elementary School 7.4 mi Public PRESCHOOL-6 2 3
      Brevard Montessori 7.5 mi Private PRESCHOOL-K 0 0
      Royal Palm Charter School 7.5 mi Public K-8 3 5
      Longleaf Elementary School 7.6 mi Public PRESCHOOL-6 4-5 5
      Columbia Elementary School 7.6 mi Public PRESCHOOL-6 2-5 2
      Spessard L Holland Elementary School 7.7 mi Public PRESCHOOL-6 4-5 5
      Delaura Middle School 7.7 mi Public 7-8 4-5 4
      Satellite Senior High School 7.9 mi Public 9-12 4 4
      Faith Fellowship Academy 8.4 mi Private PRESCHOOL-K 0 0
      Suntree Montessori 8.5 mi Private PRESCHOOL-K 0 0
      Heritage High School 8.6 mi Public 9-12 2-5 3
      Odyssey Charter School 8.6 mi Public PRESCHOOL-10 3 3
      Odyssey Preparatory Charter Academy 8.7 mi Public - 0 0
      Holy Trinity Episcopal Academy 8.9 mi Private PRESCHOOL-12 0 4
      Sea Park Elementary School 8.9 mi Public PRESCHOOL-6 3-5 4
      Bayside High School 9.3 mi Public 9-12 3 4
      Brevard Jewish Community School 9.4 mi Private PRESCHOOL-6 0 4
      Westside Elementary School 9.5 mi Public K-6 3-5 4
      Suntree Elementary School 10.0 mi Public K-6 5 5
      Viera Charter School 11.0 mi Public K-8 0 0
      Quest Elementary School 11.6 mi Public PRESCHOOL-6 5 4
      Sunrise Elementary School 11.8 mi Public K-6 4 4
      Ged Testing 13.4 mi Public - 0 0
      Brevard Virtual Franchise 13.4 mi Public 6-12 0 0
      Brevard Virtual Instruction Program 13.4 mi Public K-8 0 5
      Viera High School 13.5 mi Public 9-12 4 4
      Manatee Elementary 14.7 mi Public K-6 5 4
      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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 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.