Market Overview
Home Prices in Melbourne Village, FL
The median home value in Melbourne Village, FL is $431,706 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Melbourne Village are priced5% above average. Melbourne Village is part of the Palm Bay-Melbourne-Titusville, FL metro area.
Over the past five years, Melbourne Village home values have risen by approximately30.6%, reflecting strong long-term appreciation in this market.
Price History
Melbourne Village Home Price Trend
City Comparison
Melbourne Village vs. National Median
At $431,706, homes in Melbourne Village cost 5% above the national median of $410,000. Buyers in Melbourne Village should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Melbourne Village?
20% Down Payment
$86,341
on $431,706
Monthly P&I
$2,252/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,860/mo
incl. taxes & insurance
Income Needed
$114,400
gross annual (30% rule)
10% Down Option
$43,171
+ PMI applies
Loan Amount (20% dn)
$345,365
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Melbourne Village, FL?
The median home value in Melbourne Village is $431,706 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Melbourne Village?
Over the past year, home values in Melbourne Village have increased by 0.3%. Over five years, prices have risen approximately 30.6%.
How much do I need to earn to buy a home in Melbourne Village?
To comfortably afford the median home price of $431,706 with a 20% down payment ($86,341) at today's rates (6.8%), you'd need a gross annual income of approximately $114,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Melbourne Village compare to the national average home price?
The national median home value is approximately $410,000. At $431,706, homes in Melbourne Village are 5% above the national average.
What metro area is Melbourne Village part of?
Melbourne Village is part of the Palm Bay-Melbourne-Titusville, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.