How much does it cost to buy a house in Melbourne, FL?

In May 2026 Melbourne homes were listed to buy for a median price of $415K, which is a 5% decrease to April 2025 last month, and a 4% decrease to May 2025 last year. The median value of a home listed to buy in Melbourne in May 2026 was $231 per sqft, which is a 5% decrease to April 2025 last month, and a 4% decrease to May 2025 last year.

Is it affordable or expensive to live in Melbourne, FL?

It is affordable to live in Melbourne. Buying a home in Melbourne is 1% less expensive compared with the national average.

Is it a good time to buy property in Melbourne, FL?

Yes now is a good time to buy property in Melbourne, in May 2026, homes in Melbourne have decreased in value (price per sqft) by 4% in the last year compared with May 2025.

Are home prices dropping in Melbourne, FL?

Home price are dropping in Melbourne, in May 2026, homes to buy in Melbourne have decreased in median list price by 1% compared with April 2026, one month ago.

Is the Melbourne, FL housing market slowing down?

The housing market in Melbourne is slowing down. In May 2026, homes to buy in Melbourne spent an median 62 days on the market, a 13% decrease from May 2025 last year.

What are the best and safest places to live in Melbourne, FL?

The best and safest neighborhoods to live in Melbourne in May 2026 are Lansing Island, Indian River Bluff, Montecito, Parkway Meadows, Wickham Forest, Alamanda Key, Forest Creek, Loveridge Heights, Sandy Pines Preserve, Bayside Lakes, Ixora Park, Lake Washington Townhomes, Sonesta Walk, Tradewinds, Leewood Forest, Port Malabar Country Club, Snug Harbor Village, Turkey Creek, Palm Bay Colony, Booker Heights

How much money should I make to buy a house in Melbourne, FL?

In May 2026, Melbourne homes were listed to buy for a median price of $415K, with 25% down you would need $2.35K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $80.8K.

Is it a good time to sell my house in Melbourne, FL?

Yes now is a good time to sell your house in Melbourne, in May 2026, homes in Melbourne have decreased in value (price per sqft) by 4% in the last year compared with May 2025.