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Rent To Own 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 $394,416.
In Melbourne, FL, how many homes are available?
There are currently 203 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 $66,980,076.
What is currently the cheapest priced home in Melbourne, FL?
The cheapest home for sale in Melbourne is priced at $14,773.

Living in Melbourne, FL

Melbourne, Florida is a dynamic coastal city known for its beautiful beaches and cultural attractions. With a variety of parks and recreational options, the area fosters an active lifestyle. The city is also well-connected for commuting and exploring nearby regions, making it a desirable destination for families and professionals alike.

Current Market Conditions in Melbourne, FL

The real estate market in Melbourne is currently showing a steady demand, with home values appreciating due to the area's growing popularity and limited housing inventory. New developments are on the rise, attracting both investors and new residents seeking a vibrant lifestyle.

Buyer interest remains strong, particularly among families and retirees, contributing to a competitive market environment. Despite some fluctuations in interest rates, the overall demand for homes remains robust, highlighting Melbourne's appeal as a desirable place to live.

Home Value Estimator For Melbourne, FL

There are currently 53,571 real estate properties in Melbourne, FL, with a median automated valuation model (AVM) price of $349,416.00. 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 $394,416.00, with the most expensive house in Melbourne, FL, topping out at $66,980,076.00 and the cheapest home in Melbourne, FL, clocking in at $14,773.00. 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 Rent To Own Homes

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