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Foreclosure Homes in Melbourne, FL

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Melbourne, FL Foreclosures

How much do homes sell for in Melbourne, FL?
The average home price is currently $396,092.
In Melbourne, FL, how many homes are available?
There are currently 834 active home listings available in Melbourne.
What’s the average rental cost in Melbourne, FL?
The average rental price in Melbourne is $1,487.
What is the most expensive home in Melbourne?
The most expensive home sold in Melbourne had a price of $67,713,720.
What is currently the cheapest priced home in Melbourne, FL?
The cheapest home for sale in Melbourne is priced at $14,752.

Living in Melbourne, FL

Melbourne, FL is a picturesque coastal city that combines natural beauty with a bustling urban vibe. Residents enjoy outdoor activities such as beach outings and festivals, alongside access to excellent schools and local amenities. The city's rich cultural scene and its proximity to the Space Coast make it an attractive place to live.

Current Market Conditions in Melbourne, FL

The Melbourne real estate market has shown resilience, with mild fluctuations typically influenced by seasonal migrations and local employment opportunities. The coastal position of the city makes it continually appealing for homebuyers, especially those looking for vacation homes or permanent residences close to the beach.

Home Value Estimator For Melbourne, FL

There are currently 53,573 real estate properties in Melbourne, FL, with a median automated valuation model (AVM) price of $349,858.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melbourne, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Melbourne, FL, is $396,092.00, with the most expensive house in Melbourne, FL, topping out at $67,713,720.00 and the cheapest home in Melbourne, FL, clocking in at $14,752.00. In other words, there’s something for every potential homebuyer or savvy investor in Melbourne, FL!

Rent Prices In Melbourne, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melbourne, FL, is on a rollercoaster ride. The average rent price in Melbourne, FL, is $1,487.00. Indeed, when looking to rent in Melbourne, FL, you can expect to pay as little as $570.00 or as much as $5,340.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Melbourne, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Melbourne, FL Foreclosures

Market Trend for Melbourne, FL

Total Listings Available: 834

Market Values:

Home Prices from $14,752 to $67,713,720

Average Sales Price: $396,092

Rental Values:

Rental from $570 to $5,340

Average Rent Value: $1,487 / month

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