Melbourne, FL Community Information

Melbourne, FL Homes for Sale

Melbourne, FL Community Information

Population

140,374

Median Age

44.3

Median Household Income

$58,088

Households with Children

35.04%

Median Travel Time to Work

22 minutes

Melbourne, FL Real Estate Market Information

Homes Owned

70.82%

Homes Rented

23.14%

Homes Vacant

6.04%

Melbourne, FL Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

0:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

See Melbourne apartments for rent

Powered by Apartments.com & HomeFinder.com

Melbourne, FL School Information

Elementary Schools

Primary Schools

Middle Schools

High Schools

Other Schools

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Community Age Profile

Community

Transportation

Transportation

Education Levels

Education Levels

Occupation

Occupation

Community

  • Total Population 140,374
  • Total Male Population 67,919
  • Total Female Population 72,455
  • Population change since 2000 130.72%
  • Median age 44.3
  • Percent of households with children 35.04%
  • Personal Crime risk 84

Transportation

  • Median travel time to work 22 minutes
  • Percent using Public transportation 0.19%
  • Percent Driving/Using Carpool 92.84
  • Percent Using Other transportation 3.23%
  • Percent Working From Home 3.74%

Education Levels

  • Some high school 9.64%
  • High school graduate 27.31%
  • Some college 23.28%
  • Associate degree 10.50%
  • Bachelor's degree 18.49%
  • Graduate degree 10.77%

Occupation

  • Agriculture, forestry, and fishing 0.35%
  • Construction 6.32%
  • Manufacturing 13.00%
  • Wholesale Trade 2.45%
  • Retail Trade 12.08%
  • Finance, insurance and real estate 5.73%
  • Services 4.73%
  • Public administration 6.42%
  • Information 3.73%
  • Professional 11.83%
  • Education 19.56%
  • Arts 10.09%

Income

  • Average household income $71,737
  • Income change since 2000 26.69%

Climate

  • Avg. January high/low temp 71.21 / 51.69
  • Avg. July high/low temp 89.24 / 73.09
  • Annual precipitation 49.42
© 2013 HomeFinder.com, LLC Equal Housing Opportunity