Why Live in Melbourne Beach
Melbourne Beach, a secluded small town on the Space Coast, offers a laid-back lifestyle with the ocean just steps away. This community of over 3,000 residents is situated on a barrier island between the Indian River Lagoon and the Atlantic Ocean. Known for its slower pace, the town features single-lane roads and Ocean Avenue as the primary retail area. Despite its seclusion, Melbourne Beach is near more commercially developed areas like Indialantic and Satellite Beach. The aerospace industry is a major employer, with nearby Patrick Space Force Base and Kennedy Space Center. Melbourne Beach features 12 parks and several miles of public beachfront, perfect for activities such as surfing, cycling, and boating. Events like the Rotary Pineapple Man Triathlon and the Military Surf Contest are local favorites. The housing market includes a mix of midcentury homes and modern builds, with prices ranging from $650,000 to over $2 million for custom beachfront properties. Brevard Public Schools serve the area, with high ratings and recognition for supporting military families. Dining and shopping options are concentrated on Ocean Avenue, with nearby Melbourne offering more extensive choices. The A1A Jimmy Buffet Memorial Highway connects Melbourne Beach to other coastal towns, and Interstate 95 is 18 miles away. Melbourne Orlando International Airport is 6 miles from the town. The overall crime rate in Brevard County has decreased, making the area safer than the national average. Melbourne Beach experiences hot, humid summers and mild, dry winters, with the ocean breeze moderating temperatures. Residents must be prepared for hurricanes with flood insurance and evacuation plans.
Frequently Asked Questions
What is the average home price in Melbourne Beach, FL?
Homes for sale in Melbourne Beach, FL have an average home price of $1,037,210.
Are home prices dropping in Melbourne Beach?
Yes, home prices in Melbourne Beach are down 28% in the last 12 months.
How many homes have sold over the last 12 months in Melbourne Beach, FL?
304 homes have sold in Melbourne Beach, FL over the last 12 months.
What are the most popular zip codes in Melbourne Beach, FL?
How much do you need to make to afford a house in Melbourne Beach?
The median home price in Melbourne Beach is $799,950. If you put a 20% down payment of $160,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $4,160 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $178K a year to afford the median home price in Melbourne Beach.
How are the schools in Melbourne Beach, FL?
Home Trends in Melbourne Beach, FL
On average, homes in Melbourne Beach, FL sell after 87 days on the market compared to the national average of 50 days. The median sale price for homes in Melbourne Beach, FL over the last 12 months is $712,500, down 8% from the median home sale price over the previous 12 months.
Median Sale Price
$712,500
Median Single Family Sale Price
$805,000
Median Townhouse Sale Price
$480,500
Median 2 Bedroom Sale Price
$395,000
Median 1 Bedroom Sale Price
$227,450
Average Price Per Sq Ft
$438
Number of Homes for Sale
185
Last 12 months Home Sales
304
Median List Price
$799,950
Median Change From 1st List Price
8%
Median Home Sale Price YoY Change
-8%
