Real Estate Market Update for 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 up 18% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 70-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The median sale price was just over 130-thousand dollars. The number of units sold increased 33% year-over-year, and increased 100% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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: 79,692
  • Median Age: 43.66 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 1,928/sq mi
  • Population Change Since 2000: 8.38%
  • Closest Airport: Melbourne International
  • Closest College: Everest University-melbourne Campus
  • Closest Jr. College: Brevard Community College-melbourne
  • Median Household Income: $41,089
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $122,050
  • Closest Major Sports Team: Brevard County Manatees (a)
  • Change Avg. Household Income Since 2000: 23.89%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Melbourne, FL
Median Age: 43.66 Married: 36% Number of Households: 35,520 Households with Children: 7,711
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 School Rating Parent Rating
      Florida Preparatory Academy 0.3 mi Private 6-12 0 0
      University Park Elementary School 0.9 mi Public PRESCHOOL-6 1 0
      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 4 3
      Our Lady Of Lourdes School 1.2 mi Catholic PRESCHOOL-8 0 0
      Shiloh Christian Academy 1.2 mi Private PRESCHOOL-12 0 0
      New Covenant School 1.3 mi Private K-12 0 0
      Melbourne Central Catholic High School 1.6 mi Catholic 9-12 0 4
      Space Coast Early Intervention Center 1.7 mi Private - 0 0
      Rfm Christian Academy 1.7 mi Private 8-12 0 0
      Bright Horizons Academy 1.8 mi Private - 0 0
      New Hope Lutheran Academy 1.8 mi Private K-8 0 0
      Stone Magnet Middle School 1.9 mi Public 7-8 2 0
      Peculiar Priesthood Christian Academy 2.0 mi Private - 0 0
      Palm Bay High Adult Education 2.1 mi Public UNGRADE-UNGRADE 0 0
      Palm Bay Magnet Senior High School 2.1 mi Public 9-12 2 0
      Central Middle School 2.1 mi Public 7-8 3 0
      Westshore Junior/senior High School 2.2 mi Public 7-12 5 4
      W. Melbourne Elementary School For Science 2.4 mi Public K-6 5 0
      Rising Stars Academy 2 2.6 mi Private - 0 0
      Country Day For Children 2.6 mi Private - 0 0
      Educational Horizons Charter School 2.6 mi Public K-6 3 0
      Meadowlane Intermediate Elementary School 2.6 mi Public 3-6 4 0
      Diamond Community School Inc 2.6 mi Private K-12 0 0
      West Melbourne Christian Academy 2.7 mi Private K-12 0 0
      Calvary Chapel Academy 2.7 mi Private PRESCHOOL-8 0 0
      Mustard Seed Kidz 3.0 mi Private PRESCHOOL-3 0 0
      Brevard Academy 3.0 mi Private - 0 0
      Riverdale Country Day School 3.0 mi Public K-12 0 0
      South Area Head Start 3.0 mi Public PRESCHOOL-PRESCHOOL 0 0
      Palm Bay Academy Charter School 3.1 mi Public K-8 3 0
      Harbor City Elementary School 3.2 mi Public PRESCHOOL-6 1 0
      Riviera Elementary School 3.4 mi Public PRESCHOOL-6 2 0
      Sancta Familia Academy 3.5 mi Catholic PRESCHOOL-12 0 0
      Rising Stars Academy 3.5 mi Private K-12 0 0
      Wavecrest Academy 3.5 mi Private - 0 0
      Roy Allen Elementary School 3.5 mi Public PRESCHOOL-6 3 0
      Great Leaps Academy 3.6 mi Private - 0 0
      Lockmar Elementary School 3.9 mi Public PRESCHOOL-6 3 0
      Indialantic Elementary School 3.9 mi Public K-6 5 0
      Herbert C. Hoover Middle School 3.9 mi Public 7-8 4 0
      Puzzle Box Academy 4.0 mi Private - 0 0
      Eau Gallie High School 4.0 mi Public 9-12 3 2
      Croton Elementary School 4.0 mi Public PRESCHOOL-6 3 0
      Community Christian School 4.0 mi Private K-12 0 0
      Palm Bay Elementary School 4.2 mi Public PRESCHOOL-6 1 0
      Saint Joseph Catholic School 4.2 mi Catholic PRESCHOOL-8 0 0
      Faith Christian School 4.3 mi Private 1-12 0 0
      Covenant Christian School 4.3 mi Private PRESCHOOL-12 0 0
      Sabal Elementary School 4.4 mi Public PRESCHOOL-6 3 0
      Imagine Schools At West Melbourne 4.5 mi Public PRESCHOOL-6 1 0
      Dr. W.j. Creel Elementary School 4.6 mi Public PRESCHOOL-6 3 0
      Palm Bay Sda School And Early Childhood Center 4.7 mi Private PRESCHOOL-8 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 0
      Gemini Elementary School 4.9 mi Public K-6 5 0
      Holy Name Of Jesus Catholic School 5.1 mi Catholic PRESCHOOL-8 0 0
      Port Malabar Elementary School 5.1 mi Public K-6 2 0
      No Limits Academy 5.1 mi Private 1-12 0 0
      South Area Alternative Learning Center 5.2 mi Public 6-12 0 0
      Christa Mcauliffe Elementary School 5.3 mi Public PRESCHOOL-6 2 0
      Pineapple Cove Classical Academy 5.5 mi Public - 0 0
      Easter Seals Florida, Inc 5.5 mi Public - 0 0
      Ocean Breeze Elementary School 5.7 mi Public PRESCHOOL-6 5 0
      Melbourne Center For Personal Growth 5.8 mi Public 6-12 0 0
      Southwest Middle School 6.3 mi Public 7-8 3 0
      Discovery Elementary School 6.3 mi Public K-6 2 0
      John F. Turner, Senior Elementary School 6.4 mi Public PRESCHOOL-6 1 0
      Surfside Elementary School 6.9 mi Public K-6 5 0
      Sherwood Elementary School 6.9 mi Public PRESCHOOL-6 3 0
      Jupiter Elementary School 7.4 mi Public PRESCHOOL-6 1 0
      Brevard Montessori 7.5 mi Private PRESCHOOL-K 0 0
      Royal Palm Charter School 7.5 mi Public K-8 3 0
      Longleaf Elementary School 7.6 mi Public PRESCHOOL-6 5 0
      Wade Christian Academy 7.6 mi Private - 0 0
      Columbia Elementary School 7.6 mi Public PRESCHOOL-6 1 0
      Delaura Middle School 7.7 mi Public 7-8 5 0
      Spessard L. Holland Elementary School 7.8 mi Public PRESCHOOL-6 4 0
      Satellite Senior High School 7.9 mi Public 9-12 4 0
      Suntree Montessori 8.5 mi Private PRESCHOOL-K 0 0
      Coastal Community School 8.5 mi Private - 0 0
      Heritage High School 8.6 mi Public 9-12 3 3
      Odyssey Preparatory Charter Academy 8.7 mi Public K-6 2 0
      Odyssey Charter School 8.8 mi Public PRESCHOOL-6 4 3
      Sea Park Elementary School 8.9 mi Public PRESCHOOL-6 3 0
      Holy Trinity Episcopal Academy 9.0 mi Private PRESCHOOL-12 0 0
      Bayside High School 9.3 mi Public 9-12 3 3
      Westside Elementary School 9.5 mi Public K-6 3 0
      Suntree Elementary School 10.0 mi Public K-6 5 0
      Viera Charter School 11.0 mi Public K-8 5 0
      Quest Elementary School 11.6 mi Public PRESCHOOL-6 5 0
      Sunrise Elementary School 11.8 mi Public PRESCHOOL-6 3 0
      Devereux School Of Viera 11.9 mi Private - 0 0
      Project Search 13.5 mi Public 11-12 0 0
      Ged Testing 13.5 mi Public - 0 0
      Brevard Virtual Franchise 13.5 mi Public 6-12 4 0
      Brevard Virtual Instruction Program 13.5 mi Public K-12 0 0
      Viera High School 13.9 mi Public 9-12 4 4
      Manatee Elementary School 14.7 mi Public K-6 5 0
      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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Melbourne, FL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.