Median home value in zip code 32940 (Melbourne, FL) is $479,955, down 3.7% year over year. Part of the Palm Bay-Melbourne-Titusville, FL metropolitan area.

Home Value$479,955

YoY Change

-3.7%

Prices falling — better for buyers.

Affordability

Enter your income for 32940 (Melbourne).

Income (annual)

Down Payment

$95,991 on $479,955

Example: $75,000 household income. Change it above to see your own.

Out of reach49.9% of income

Need $133,757/yr to afford.

PITI$3,121

P/I49.9%

Afford$269K

Gap-$211K

P&I $2,427Tax $344Ins $350

6.50% 30yr, 20% down, county tax + FL ins. 28% per HUD.

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

Metro Analysis

32940 is part of the Palm Bay-Melbourne-Titusville, FL metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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