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Melbourne city, FL

ZIP 32935 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32935

Median Home Value
$240,500
Median Rent
$1,254
Affordability Snapshot
$66,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,545/mo PITI).

24%
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.

16.0 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 32935 in Melbourne city, FL, a household would need roughly $66,000 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 $1,545. That is roughly in line with the local median household income ($63,841). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
59.8%-9% vs US avg
x
Vacancy Rate
10.9%+6% vs US avg
x
Broadband Access
91.2%+5% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
1.0%-92% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
21.2%-57% vs US avg
x
Mortgage-Free
39.2%+3% vs US avg
x
$240,500
Home Value
$1,254
Rent
1980
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached60.4%
  • 1-unit attached6.4%
  • 2-9 units15.1%
  • 10+ units15.7%
  • Mobile home & other2.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$240,500
Median rent$1,254
Owner-occupied59.8%
Vacant10.9%
Price-to-income3.8x
Est. income to buy$66,000