West Melbourne, FL Real Estate
According to census data in the year 2000 there were 4,853 housing units in West Melbourne.
This represents a 19.6% growth from 4,059 in 1990.
Of those housing units, 4,853 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in West Melbourne is about 72%.
West Melbourne's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.07 people.
The majority of houses, apartments or condos in West Melbourne were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 9.10% |
| Two Bedrooms | 40.70% |
| Three Bedrooms | 38.90% |
| Four Bedrooms | 8.90% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.15 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $94,300 |
| Median Price asked for vacant units | $72,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.88 |
| Median year structure was built | 1983 |
| Median Monthly Rent asked for vacant units | $543 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 4.90% |
| Simple Mortgage | 59.40% |
| Debt Free | 29.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
