Melbourne, FL Foreclosures
How much do homes sell for in Melbourne, FL?
The average home price is currently $443,552.
In Melbourne, FL, how many homes are available?
There are currently 56 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 $151,798,448.
What is currently the cheapest priced home in Melbourne, FL?
The cheapest home for sale in Melbourne is priced at $14,539.
Living in Melbourne, FL
Melbourne, FL is a charming city located on the east coast, known for its warm climate and proximity to beautiful beaches. It's perfect for outdoor enthusiasts, offering parks, nature trails, and a lively downtown area with unique shops and eateries. The community is family-friendly with numerous educational institutions, making it an attractive location for families and retirees alike.
Current Market Conditions in Melbourne, FL
The real estate market in Melbourne is currently experiencing steady growth, with an increasing number of buyers drawn to the area for its affordability and quality of life. Home values have been appreciating, and inventory levels remain relatively low, which is creating a competitive market environment. While prices are rising, they remain lower compared to other coastal cities in Florida, making it an attractive option for first-time homebuyers and investors alike.
Investors are particularly interested in Melbourne's potential due to its proximity to the Space Coast and its ongoing development projects that promise to enhance the area's appeal. The rental market is also strong, fueled by an influx of professionals relocating to the area for job opportunities associated with nearby tech, aerospace, and healthcare industries.
Home Value Estimator For Melbourne, FL
There are currently 56,890 real estate properties
in Melbourne, FL,
with a median automated valuation model (AVM) price
of $357,177.00. 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 $443,552.00, with the most expensive house
in Melbourne, FL, topping out
at $151,798,448.00 and the cheapest home
in Melbourne, FL,
clocking in at $14,539.00. 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.
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