The median home value in Melbourne is $237,617.
View 201 homes for sale in West Melbourne, FL at a median listing price of $316061. Click here to create an account…
West Melbourne home values have gone up 3.3% over the past year and Zillow predicts they will fall -0.7% within the next year. This is 10% higher than the average rental price in Florida.
Here’s what you can do next with your housing market report. The median rental price in West Melbourne, FL is $1,140. The ratio of the house price to the median household income is one method used to figure out home affordability. In West Melbourne, FL, the median house price is $173,900, while the median income for households in the area is $59,089. West Melbourne is $0, up 0.0% from August 2019. Melbourne has 4166 properties available for rent and 603 properties for sale. Generally, real estate in the West Melbourne, FL area is less affordable in Florida, as the median price of a home in West Melbourne, FL is $173,900, which is 4% higher than the Florida average. However, there are more factors that come into play in terms of home affordability. Domain has 1361 Real Estate Properties for Sale in West Melbourne, VIC, 3003 & surrounding suburbs. Home owners comprise 68.8% of the population of West Melbourne, FL, where an average of 2.7 people live in each home.
Homely has 326 Sold Properties in West Melbourne, VIC 3003. The median unit price in Melbourne last year was $485,000.
West Melbourne has newer homes. Above, you'll find an overview of the real estate market in West Melbourne, FL.
The calculation for the ratio of home affordability requires dividing the median household income by the median house price.
Therefore, the ratio of house price to income is 2.9x; this ratio is 14% lower than the average in Florida. Generally, real estate in the West Melbourne, FL area is less affordable in Florida, as the median price of a home in West Melbourne, FL is $173,900, which is 4% higher than the Florida average. If you are looking for an investment property, consider houses in Melbourne rent out for $410 PW with an annual rental yield of 3.6% and units rent for $480 PW with a rental yield of 5.1%.
Various real estate options from luxurious homes to affordable condos and urban townhomes are available in West Melbourne, FL. The current median home price in . Home price trends. Discover more West Melbourne listings for open houses, price reduced, foreclosures, recently sold, new home communities, and new home … Melbourne Home Prices and Home Values. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in West Melbourne, FL.Not registered? Get a free estimated value of your home in less Use this calculator and real estate agent commissions data Get the latest real estate tips and learn how to sell your home faster and Use our free calculators to help you make informed financial decisions when buying or HomeLight’s Quarterly Top Agent Insights reportUse data to learn how you can succeed as a homebuyer or seller in West Melbourne. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. Talk to a top real estate agent to see what local trends are driving the housing market in Find out what cash buyers are willing to pay for your Ready to explore more options? Above, you'll find an overview of the real estate market in West Melbourne, FL. View our listings & use our detailed filters to find your perfect home.
Melbourne home values have gone up 2.9% over the past year and Zillow predicts they will fall -1.0% within the next year.
Browse MLS listings in West Melbourne and take real estate virtual tours at realtor.com®. Find the latest Sold Property Prices And Real Estate Sold in West Melbourne, with easy filtering options.
The median list price per square foot in West Melbourne is $111, which is lower than the Palm Bay-Melbourne-Titusville Metro average of $120.
Below, you can search for real estate listings in West Melbourne, FL using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.When searching for real estate in West Melbourne, FL, home affordability is a critical aspect. Find your next home or property here.