Real Estate Market Update for Melbourne, FL
Welcome to June'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 13% from one year earlier, and down 7% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 60-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 under 110-thousand dollars. The number of units sold increased 67% year-over-year, and increased 25% 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.
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Map Information for Melbourne, FL
Area Information for Melbourne, FL
  • Population: 77,796
  • Median Age: 43.94 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 2,295/sq mi
  • Population Change Since 2000: 5.93%
  • Closest Airport: Melbourne International
  • Closest College: Everest University-melbourne Campus
  • Closest Jr. College: Brevard Community College-melbourne
  • Median Household Income: $42,364
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $106,500
  • Closest Major Sports Team: Brevard County Manatees (a)
  • Change Avg. Household Income Since 2000: 26.59%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Melbourne, FL
Median Age: 43.94 Married: 37% Number of Households: 34,680 Households with Children: 7,265
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
      Bethany Christian School 0.5 mi Private PRESCHOOL-12 0 0
      University Park Elementary School 0.9 mi Public PRESCHOOL-6 1 0
      South Area Adult Education-night Program 1.0 mi Public UNGRADE-UNGRADE 0 0
      South Area Adult Education Day Program 1.0 mi Public UNGRADE-UNGRADE 0 0
      Melbourne Senior High School 1.1 mi Public 9-12 4 3
      The Star Center 1.2 mi Private K-K 0 0
      The Star Center School For Autism 1.2 mi Private 1-7 0 0
      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
      Rfm Christian Academy 1.7 mi Private 8-12 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
      Palm Bay Magnet Senior High School 2.1 mi Public 9-12 2 0
      Palm Bay High Adult Education 2.1 mi Public UNGRADE-UNGRADE 0 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
      Meadowlane Primary Elementary School 2.5 mi Public K-2 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
      Riverdale Country Day School 3.0 mi Public K-12 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 2 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
      Roy Allen Elementary School 3.5 mi Public PRESCHOOL-6 3 0
      Holy Family Traditional Catholic School 3.5 mi Catholic K-2 0 0
      Lockmar Elementary School 3.9 mi Public PRESCHOOL-6 4 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
      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
      Rfm Christian Academy Palm Bay 4.9 mi Private K-7 0 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 3 0
      No Limits Academy 5.1 mi Private 1-12 0 0
      South Area Alternative Learning Center 5.2 mi Public 6-12 1 0
      Christa Mcauliffe Elementary School 5.3 mi Public PRESCHOOL-6 3 0
      Easter Seals Florida, Inc 5.5 mi Public - 0 0
      Indian Harbour Montessori Especially For Children 5.6 mi Private PRESCHOOL-6 0 0
      Ascension Catholic School 5.6 mi Catholic PRESCHOOL-8 0 0
      Ocean Breeze Elementary School 5.7 mi Public PRESCHOOL-6 4 0
      Ami Kids Space Coast 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 2 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 4 0
      Columbia Elementary School 7.6 mi Public PRESCHOOL-6 2 0
      Delaura Middle School 7.7 mi Public 7-8 4 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
      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 3 4
      Odyssey Preparatory Charter Academy 8.7 mi Public K-6 0 0
      Odyssey Charter School 8.8 mi Public PRESCHOOL-6 3 3
      Sea Park Elementary School 8.9 mi Public PRESCHOOL-6 4 0
      Holy Trinity Episcopal Academy 9.0 mi Private PRESCHOOL-12 0 0
      Bayside High School 9.3 mi Public 9-12 3 3
      Brevard Jewish Community School 9.4 mi Private PRESCHOOL-6 0 0
      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 0 0
      Quest Elementary School 11.6 mi Public PRESCHOOL-6 5 0
      Sunrise Elementary School 11.8 mi Public K-6 4 0
      Brevard Virtual Instruction Program 13.5 mi Public K-12 4 0
      Brevard Virtual Franchise 13.5 mi Public 6-12 4 0
      Ged Testing 13.5 mi Public - 0 0
      Brevard Virtual Eschool 13.5 mi Public K-5 1 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.