Melbourne, FL Real Estate
According to census data in the year 2000 there were 33,678 housing units in Melbourne.
This represents a 20% growth from 28,070 in 1990.
Of those housing units, 33,672 were located in either urbanized areas or urban clusters, and 6 were located in what is classified as a rural area.
Homeownership rate in Melbourne is about 62%.
Melbourne's vacancy rate, including seasonal lodging, is about 8.6%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Melbourne were built after 1979.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 16.60% |
| Two Bedrooms | 29.30% |
| Three Bedrooms | 39.60% |
| Four Bedrooms | 10.80% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $85,400 |
| Median Price asked for vacant units | $72,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1981 |
| Median Monthly Rent asked for vacant units | $500 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 8.40% |
| Home Equity Loan | 5.30% |
| Simple Mortgage | 56% |
| Debt Free | 30.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.2% |
