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Melbourne city, FL

ZIP 32934 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32934

Median Home Value
$392,300
Median Rent
$1,527
Affordability Snapshot
$108,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,520/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

21.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 32934 in Melbourne city, FL, a household would need roughly $108,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,520. That is roughly in line with the local median household income ($102,871). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
89.6%+37% vs US avg
x
Vacancy Rate
4.5%-56% vs US avg
x
Broadband Access
92.2%+6% vs US avg
x
4+ Bedrooms
5.1%-65% vs US avg
x
Built Pre-1939
0.0%
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
30.6%-39% vs US avg
x
Mortgage-Free
43.0%+13% vs US avg
x
$392,300
Home Value
$1,527
Rent
1993
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached77.3%
  • 1-unit attached1.8%
  • 2-9 units5.9%
  • 10+ units2.7%
  • Mobile home & other12.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$392,300
Median rent$1,527
Owner-occupied89.6%
Vacant4.5%
Price-to-income3.8x
Est. income to buy$108,000