Melbourne, Florida

Brevard County Real Estate - Melbourne

The City of Melbourne is located on east central Florida's Space Coast. Melbourne is about an hour's drive south of the Kennedy Space center, and 1-1/2 hours due east of Disney World. The City is in the southern portion of Brevard County. Interstate-95 runs through the county from north-to-south. Access roads from the west include the Beach line Expressway (formerly the Beeline) and US. 192, which runs through Melbourne to the beaches.

While most of Melbourne is located on the Florida mainland, a small portion is located on a barrier island. The Indian River Lagoon separates the mainland from the island. The island is a narrow strip of land that separates the Lagoon from the Atlantic Ocean. Spanning the Indian River Lagoon to connect the mainland to the barrier island are a pair of four-lane, high-rise bridges -- the Melbourne Causeway and the Eau Gallie Causeway.

The City is approximately 41 square miles in size, with about 75% of that land in use. The City of Melbourne population was 78,427 as of April 1, 2010, according to the University of Florida Bureau of Economic and Business Research. The population of Melbourne continues to grow at a modest rate. Melbourne is located at the center of a much larger urban area, the Palm Bay-Melbourne-Titusville, Florida Metropolitan Statistical Area.

Melbourne International Airport serves Florida's Space and Treasure Coasts with domestic and international passenger and air freight service. Melbourne International Airport is served by carriers including Delta Airlines and US Airways. The Airport also provides services including charter passenger flights, private aviation, and air freight flights. International services include U.S. Customs, I.N.S., and U.S.D.A.

The city was named Melbourne in honor of its first postmaster, Cornthwaite John Hector, an Englishman who had spent much of his life in Melbourne, Australia.

Melbourne contains defense and technology companies with a high concentration of high-tech workers. The following corporations have operations in Melbourne:

Melbourne has two downtown business districts, a result of the merger of Eau Gallie into Melbourne:

  • Downtown Eau Gallie Arts District
  • Historic Downtown Melbourne. Among other retail outlets, this has 26 eating and drinking establishments within a four block extent.

Melbourne is in East Central Florida. It's population as recorded in the 2010 Census was 76,068.

The median age for residents of Melbourne is 43.3. Around 23.5% of Melbourne households include school aged children and 32.4% of households include individuals aged 65 years or over. Census records indicate 80.9% of the Melbourne population are White, 10.3% are Black or African American, .3% American Indian, 3.1% Asian and 3.1% are Two or more Races.

There are 38,955 housing units in Melbourne. 4,915 (12.6%) of these were reported as vacant in the 2010 Census. There are 15,728 residential rental units in Melbourne. 13,725 of them were occupied in 2010 providing a residential rental vacancy rate of 12.5%.

Melbourne links:

Sue Goldthorp

I'm here to help

My name is Sue Goldthorp. I am a real estate broker and co-founder of Visulate. Drop me a line if you would like me to help you buy or sell a property in Melbourne, Florida.

Melbourne is located in Brevard County. It has a population of approximately 76,068 people. The population increased 1.1% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 0.7% for Brevard County and a 1.7% increase for the country as a whole. Melbourne occupies 33.86 of the 1015.66 square miles in Brevard County. It had a population density of 2246.4 persons per square mile in 2010. This compared to 535 for the county, 350.6 for Florida and 87.4 for the country.

14.4% ( 38,955) of the 270,512 housing units in Brevard County are in Melbourne (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Melbourne has a 62.7% homeownership rate compared to Brevard County's 75.3% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Brevard County 543,376 $16,070 0.7% $50,068 270,512 $171,200
Melbourne 76,068 $5,3211.1%$42,089 38,955$153,400

Melbourne's medium household income in 2011 was $42,089. Brevard County's medium household income was $50,068, which is higher than the medium income for Florida as a whole: $47,827. 14.4% of the population in Melbourne lives below the poverty line, compared to 14.7% in Florida, 11.2% of the population in Brevard County and 14.3% nationwide. Additional Information:

Melbourne Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Melbourne. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $5,321 million, Melbourne's economic activity represents 33.12% of Brevard County's $16,070MM in economic activity. Brevard County represents 2.55% of the Florida economy.

Melbourne Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $2,785 52.3%
Merchant wholesaler sales $676 12.7%
Retail sales $1,695 31.9%
Accommodation and food services sales $166 3.1%
Total $5,321100%

Brevard County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Cape Canaveral 9,912 $1660.1%$43,888 8,295$203,800
Cocoa 17,140 $7250.5%$33,411 8,603$128,500
Cocoa Beach 11,231 $2640.3%$53,951 8,866$295,700
Melbourne 76,068 $5,3211.1%$42,089 38,955$153,400
Merritt Island 34,743 $964X$58,528 17,036$215,700
Mims 7,058 $20X$47,161 3,530$130,900
Palm Bay 103,190 $3,8060.9%$44,768 45,220$138,600
Palm Bay 103,190 $3,8060.9%$44,768 45,220$138,600
Rockledge 24,926 $4952.0%$57,835 11,240$173,900
Satellite Beach 10,109 $681.4%$60,870 4,953$238,000
Titusville 43,761 $8110.4%$44,148 22,729$140,700

Brevard County is located in East Central Florida. This region is responsible for 17.0% of Florida's economic activity. Brevard County represents 15.0% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Brevard County 543,376 $16,070 0.7% $50,068 270,512 $171,200
Osceola County 268,685 $7,448 7.0% $46,479 129,830 $170,200
Orange County 1,145,956 $53,843 4.9% $49,731 492,209 $211,100
Seminole County 422,718 $12,124 1.9% $58,908 182,625 $225,500
Lake County 297,052 $5,430 2.1% $47,509 145,303 $167,900
Volusia County 494,593 $10,951 0.5% $44,169 254,981 $172,100
Sumter County 93,420 $1,120 8.8% $44,817 55,988 $186,800
Total 3,369,551 $106,985 3.7% $48,812 1,531,448 $186,400

Melbourne Real Estate

There are 71,250 properties in Melbourne. The following table shows a summary of them based on 2014 sales data.

Melbourne Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 88 0.12 1 $325,000 $139February 1st, 2014February 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 2,066 2.90 2 $10,932,500 $259March 1st, 2014March 1st, 2014
Health Care 33 0.05 2 $9,713,000 $164May 1st, 2014May 1st, 2014
Hotel & Motel 35 0.05 4 $6,000,000 $130January 1st, 2014January 1st, 2014
Industrial 1,602 2.25 66 $525,000 $51February 1st, 2014September 1st, 2014
Miscellaneous Property 39 0.05 0n/an/an/an/a
Mobile/Manufactured 3,092 4.34 23 $40,000 $35January 1st, 2014August 1st, 2014
Multifamily 4,542 6.37 190 $8,000,000 $74January 1st, 2014August 1st, 2014
Office 1,619 2.27 39 $630,000 $87January 1st, 2014September 1st, 2014
Residential 53,387 74.93 2,528 $137,000 $88January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 3,224 4.52 125 $13,400,000 $111January 1st, 2014August 1st, 2014
Senior Housing 73 0.10 0n/an/an/an/a
Special Purpose 748 1.05 13 $20,700,000 $148March 1st, 2014May 1st, 2014
Sports & Entertaining 702 0.99 2 $720,000 $88March 1st, 2014March 1st, 2014

Agricultural Real Estate in Melbourne, Florida

88( .12%) of the properties in Melbourne are classified as Agricultural. 1 of them sold between February 1st, 2014 and February 1st, 2014. The total value of these sales was $325,000. The median sales price was $325,000. In 2014 the median sales price for Agricultural in Melbourne was $139 per sq ft.

Commercial Real Estate in Melbourne, Florida

0( .00%) of the properties in Melbourne are classified as Commercial.

Government Real Estate in Melbourne, Florida

2,066( 2.90%) of the properties in Melbourne are classified as Government. 2 of them sold between March 1st, 2014 and March 1st, 2014. The total value of these sales was $21,865,000. The median sales price was $10,932,500. In 2014 the median sales price for Government Property in Melbourne was $259 per sq ft.

Health Care Real Estate in Melbourne, Florida

33( .05%) of the properties in Melbourne are classified as Health Care. 2 of them sold between May 1st, 2014 and May 1st, 2014. The total value of these sales was $19,426,000. The median sales price was $9,713,000. In 2014 the median sales price for Health Care in Melbourne was $164 per sq ft.

Hotel & Motel Real Estate in Melbourne, Florida

35( .05%) of the properties in Melbourne are classified as Hotel & Motel. 4 of them sold between January 1st, 2014 and January 1st, 2014. The total value of these sales was $24,000,000. The median sales price was $6,000,000. In 2014 the median sales price for Hotel & Motel in Melbourne was $130 per sq ft.

Industrial Real Estate in Melbourne, Florida

1,602( 2.25%) of the properties in Melbourne are classified as Industrial. 66 of them sold between February 1st, 2014 and September 1st, 2014. The total value of these sales was $74,383,200. The median sales price was $525,000. In 2014 the median sales price for A Class Industrial in Melbourne was $85 per sq ft, B Class properties sold for $51/ft and C Class $38/ft.

Miscellaneous Real Estate in Melbourne, Florida

39( .05%) of the properties in Melbourne are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Melbourne, Florida

3,092( 4.34%) of the properties in Melbourne are classified as Mobile/Manufactured. 23 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $875,000. The median sales price was $40,000. In 2014 the median sales price for A Class Mobile/Manufactured in Melbourne was $52 per sq ft, B Class properties sold for $35/ft and C Class $16/ft.

Multifamily Real Estate in Melbourne, Florida

4,542( 6.37%) of the properties in Melbourne are classified as Multifamily. 190 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $1,591,354,600. The median sales price was $8,000,000. In 2014 the median sales price for A Class Multifamily in Melbourne was $106 per sq ft, B Class properties sold for $74/ft and C Class $66/ft.

Office Real Estate in Melbourne, Florida

1,619( 2.27%) of the properties in Melbourne are classified as Office. 39 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $132,288,000. The median sales price was $630,000. In 2014 the median sales price for A Class Office in Melbourne was $196 per sq ft, B Class properties sold for $87/ft and C Class $43/ft.

Residential Real Estate in Melbourne, Florida

53,387( 74.93%) of the properties in Melbourne are classified as Residential. 2,528 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $484,499,215. The median sales price was $137,000. In 2014 the median sales price for A Class Residential in Melbourne was $126 per sq ft, B Class properties sold for $88/ft and C Class $43/ft.

Residential Real Estate in Melbourne, Florida

0( .00%) of the properties in Melbourne are classified as Residential.

Retail Real Estate in Melbourne, Florida

3,224( 4.52%) of the properties in Melbourne are classified as Retail. 125 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $1,033,970,400. The median sales price was $13,400,000. In 2014 the median sales price for A Class Retail in Melbourne was $330 per sq ft, B Class properties sold for $111/ft and C Class $95/ft.

Senior Housing Real Estate in Melbourne, Florida

73( .10%) of the properties in Melbourne are classified as Senior Housing.

Special Purpose Real Estate in Melbourne, Florida

748( 1.05%) of the properties in Melbourne are classified as Special Purpose. 13 of them sold between March 1st, 2014 and May 1st, 2014. The total value of these sales was $229,476,000. The median sales price was $20,700,000. In 2014 the median sales price for Special Purpose in Melbourne was $148 per sq ft.

Sports & Entertaining Real Estate in Melbourne, Florida

702( .99%) of the properties in Melbourne are classified as Sports & Entertaining. 2 of them sold between March 1st, 2014 and March 1st, 2014. The total value of these sales was $1,440,000. The median sales price was $720,000. In 2014 the median sales price for Sports & Entertaining in Melbourne was $88 per sq ft.

Melbourne, Brevard County Market Data

Melbourne Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 55 102,705
Government Property 2,068 389,232,098
Health Care 19 4,056,550
Hotel & Motel 21 1,187,408
Industrial 1,074 23,509,299
Land 7,065 18,703,129
Miscellaneous Property 25 162,873
Mobile/Manufactured 831 828,031
Multifamily 2,834 324,043,909
Office 1,347 19,309,995
Residential 54,091 91,667,433
Retail 2,506 114,858,066
Senior Housing 68 15,566,856
Special Purpose 505 133,824,060
Sports & Entertaining 372 4,152,648

Melbourne Median Property Values per Sq Ft

Melbourne Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Camp 2016 $205$26 $205$26 $205$26
1/2 Duplex Used As Sfr 2016 $302$16 $302$16 $302$16
Airport (private or commercial), bus terminal, marine terminal, pier or marina. 2016 $289$16 $119$11 $53$11
Auto sales, auto repair and storage or auto service shop 2016 $212$18 $99$13 $44$8
Bowling alley, skating rink, pool hall or enclosed arena 2016 $205$26 $205$26 $205$26
Cannery, fruit and vegetable, bottler or brewers, distillery or winery 2016 $134$9 $94$7 $42$5
Centrally assessed 2016 $90$42 $56$15 $43$6
Church 2016 $90$16 $56$11 $43$11
Church Owned Educational Building 2016 $302$16 $302$11 $302$11
Club, lodge or union hall 2016 $90$16 $56$11 $43$11
College 2016 $90$15 $56$15 $43$11
Commercial Shell Bldg (Condo) 2016 $302$9 $302$7 $302$5
Community Shopping Center 2016 $212$18 $99$13 $44$8
Condominium 2016 $113$16 $76$16 $47$16
Condominium - Store 2016 $302$18 $302$13 $302$8
Condominium Unit 2016 $302$16 $302$16 $302$16
Cooperative 2016 $165$16 $102$16 $62$16
County Owned 2016 $90$15 $56$15 $43$11
County Owned Land-Improved (That Does Not Qualify In Another Code) 2016 $302$6 $302$6 $302$6
County Owned Land-Vacant (That Does Not Qualify In Another Code) 2016 $302$6 $302$6 $302$6
Cropland soil capability Class I 2016 $134$31 $134$23 $65$13
Department Store 2016 $212$18 $99$13 $44$8
Enclosed theater or auditorium 2016 $380$26 $380$26 $380$26
Federal Owned 2016 $90$15 $56$15 $43$11
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $212$18 $99$13 $44$8
Florist or greenhouse 2016 $380$18 $380$13 $380$8
Food processing 2016 $134$9 $94$7 $42$5
Golf course or driving range 2016 $205$26 $205$26 $205$26
Government Undefined 2016 $90$15 $56$15 $43$11
Grazing Land - Soil Capability Class Ii Vacant 2016 $302$31 $302$23 $302$13
Grazing land soil capability Class I 2016 $134$31 $134$23 $65$13
Grazing land soil capability Class II 2016 $134$31 $134$23 $65$13
Grazing land soil capability Class III 2016 $134$31 $134$23 $65$13
Home for the aged 2016 $90$15 $56$15 $43$10
Hotel or motel 2016 $229$33 $120$33 $99$33
Light manufacturing 2016 $134$9 $94$7 $42$5
Low Rise Apartments- 50 Units And Up- 2 Or 3 Stories 2016 $302$16 $302$10 $302$7
Lumber yard, sawmill or planing mill 2016 $134$9 $94$7 $42$5
Marinas 2016 $302$16 $302$11 $302$11
Military 2016 $90$15 $56$15 $43$11
Mineral processing, cement plant,refinery, clay plants or gravel plant 2016 $134$9 $94$7 $42$5
Mixed Use- Commercial Property 2016 $302$9 $302$7 $302$5
Mixed use - store and office or store and residential or residential combination 2016 $212$18 $99$13 $44$8
Mobile Home 2016 $62$6 $50$6 $36$6
Mortuary, cemetery or crematorium 2016 $90$16 $56$11 $43$11
Multi-family - 10 units or more 2016 $94$16 $59$10 $59$7
Multi-family - less than 10 units 2016 $113$16 $75$10 $59$7
Municipal Owned 2016 $90$15 $56$15 $43$11
Nightclub, cocktail lounge or bar 2016 $380$26 $380$26 $380$26
Office Building- Multi Tenant- 2 Or More Stories 2016 $302$21 $302$15 $302$11
Office Building- Single Tenant- 2 Or More Stories 2016 $302$21 $302$15 $302$11
Office building, non-professional service building, multi-story 2016 $167$21 $119$15 $119$11
Office building, non-professional service building, one story 2016 $289$21 $119$15 $53$11
Open Storage, New And Used Building Supplies, Junk Yards, Auto Wrecking,Fuel 2016 $302$9 $302$7 $302$5
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2016 $134$9 $134$7 $65$5
Orchard Groves, Citrus, etc. 2016 $134$31 $134$23 $65$13
Ornamentals, miscellaneous agricultural 2016 $134$31 $134$23 $65$13
Orphanage, other non-profit or charitable services 2016 $90$16 $56$11 $43$11
Parking Lot - Patron 2016 $302$18 $302$13 $302$8
Poultry, bees, tropical fish, rabbits, etc. 2016 $134$31 $134$23 $65$13
Private school or college 2016 $90$16 $56$11 $43$11
Privately owned hospital 2016 $90$25 $56$17 $43$11
Professional service building 2016 $289$21 $119$15 $53$11
Public county school 2016 $90$15 $56$15 $43$11
Race track: horse, auto or dog 2016 $205$26 $205$26 $205$26
Regional Shopping Center 2016 $212$18 $99$13 $44$8
Repair service shop (excluding automotive) 2016 $212$18 $99$13 $44$8
Residential Improvement Not Suitable For Occupancy 2016 $302$16 $302$16 $302$16
Residential Related Amenities 2016 $302$16 $302$16 $302$16
Restaurant, cafeteria 2016 $212$18 $99$13 $44$8
Retail Store - Multiple Units 2016 $302$18 $302$13 $302$8
Retail Store- 1 Unit 2016 $302$18 $302$13 $302$8
Retirement Home not eligible for exemption. 2016 $165$15 $102$15 $62$10
Sanitarium or convalescent rest home 2016 $90$25 $56$17 $43$11
Service station 2016 $212$18 $99$13 $44$8
Single Family 2016 $146$16 $112$16 $80$16
Single Family Residence 2016 $302$16 $302$16 $302$16
State Owned 2016 $90$15 $56$15 $43$11
Store, one story 2016 $274$18 $60$13 $44$8
Supermarket 2016 $212$18 $99$13 $44$8
Tourist attraction, permanent exhibit or other entertainment facilities 2016 $205$26 $205$26 $205$26
Townhouse 2016 $302$16 $302$16 $302$16
Undefined - Reserved for Use by Department of Revenue 2016 $113$16 $75$16 $59$16
Utility 2016 $90$42 $56$15 $43$6
Warehouse - Flex Space 2016 $302$9 $302$7 $302$5
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $134$9 $134$7 $65$5
Wholesale outlet, produce house or manufacturing outlet 2016 $380$18 $380$13 $380$8