Melbourne (32940) has an estimated 31,999 residents with 31,707 of those people in approximately 13,771 housing units. The 32940 zipcode contains 7,878 housing units that are owned with a mortgage or a loan, 3,529 housing units that are owned free and clear and 2,364 housing units that are renter occupied.

In Melbourne (32940) the median listing price of $328,900 has declined by $2,090 since 2018-10.

In 2018 the average percentage drop was 1.96% of original listing price.

98 homes were sold in 2018-11 in Melbourne, FL (32940).
This monthly number has declined by 22 from the previous month.

Zip code 32940 is in the Palm Bay-Melbourne-Titusville metropolitan area.
The median estimated home value in Melbourne, FL (32940) is $288,700 as of 2018-10-31

In Melbourne, FL (32940), values have declined by -0.08 from when they peaked at $313,200 in 2006-Q2

The Zillow Market Health Index for Melbourne, FL (32940) is 5.37. The corresponding state value is 8.04. This is lower than the overall Market Health Index of Florida.