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.


Housing Size

Housing Units by Size
Studio Type2.70%
One Bedroom16.60%
Two Bedrooms29.30%
Three Bedrooms39.60%
Four Bedrooms10.80%
Five Bedrooms or more1%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.39
Median year structure was built1978
Median Value of occupied units$85,400
Median Price asked for vacant units$72,000

Rented Homes, Apartments and Condos

Average Household Size1.93
Median year structure was built1981
Median Monthly Rent asked for vacant units$500

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage8.40%
Home Equity Loan5.30%
Simple Mortgage56%
Debt Free30.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.2%