Melbourne Village, FL Real Estate

According to census data in the year 2000 there were 324 housing units in Melbourne Village. This represents a 12.1% growth from 289 in 1990.

Of those housing units, 324 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Melbourne Village is about 90.3%. Melbourne Village's vacancy rate, including seasonal lodging, is about 7.4%. Average household size is 2.24 people.

The majority of houses, apartments or condos in Melbourne Village were built after 1962.


Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom3.40%
Two Bedrooms29.90%
Three Bedrooms47.20%
Four Bedrooms18.20%
Five Bedrooms or more0.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.25
Median year structure was built1962
Median Value of occupied units$119,700
Median Price asked for vacant units$85,000

Rented Homes, Apartments and Condos

Average Household Size2.17
Median year structure was built1966

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.70%
Home Equity Loan3.80%
Simple Mortgage46.80%
Debt Free43.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.4%