The median home in Melbourne, Florida is valued at $350,800, down 4.5% year over year. Typical monthly rent is $1,879, producing a price-to-rent ratio of 15.6x — near the national average of 18x. Melbourne is part of the Palm Bay-Melbourne-Titusville, FL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Palm Bay-Melbourne-Titusville, FL stress score, crash risk, and 12-month forecast →

Home Value$350,800

-4.5%

Rent$1,879/mo

AFFORDABILITY

Enter your income for Melbourne.

Income (annual)

Down Payment

$70,160 on $350,800

Out of reach — 38% of income

Need $101,786/yr to afford.

PITI$2,375

P/I38%

Afford$258K

Gap-$92K

P&I $1,774Tax $251Ins $350

Renting $496/mo cheaper ($1,879 rent)6.50% 30yr, 20% down, county tax + FL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Florida

Compare Melbourne with other housing markets across Florida.

Jupiter Island$9494K Golden Beach$7499K Fisher Island$6393K Lake Buena Vista$6088K Jupiter Inlet Colony$3619K Manalapan$3569K Golf$2871K Boca Grande$2635K

Full Palm Bay-Melbourne-Titusville, FL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Palm Bay-Melbourne-Titusville, FL metro.

View Palm Bay-Melbourne-Titusville, FL metro →

MELBOURNE, FL