Market Overview
Home Prices in West Melbourne, FL
The median home value in West Melbourne, FL is $374,570 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.1% compared to a year ago and down 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in West Melbourne are priced9% below average. West Melbourne is part of the Palm Bay-Melbourne-Titusville, FL metro area.
Over the past five years, West Melbourne home values have risen by approximately18.6%, reflecting steady appreciation in this market.
Price History
West Melbourne Home Price Trend
City Comparison
West Melbourne vs. National Median
At $374,570, homes in West Melbourne cost 9% below the national median of $410,000. This makes West Melbourne a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in West Melbourne?
20% Down Payment
$74,914
on $374,570
Monthly P&I
$1,954/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,482/mo
incl. taxes & insurance
Income Needed
$99,280
gross annual (30% rule)
10% Down Option
$37,457
+ PMI applies
Loan Amount (20% dn)
$299,656
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 West Melbourne, FL?
The median home value in West Melbourne is $374,570 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.1% year-over-year.
How much have home prices changed in West Melbourne?
Over the past year, home values in West Melbourne have decreased by 2.1%. Over five years, prices have risen approximately 18.6%.
How much do I need to earn to buy a home in West Melbourne?
To comfortably afford the median home price of $374,570 with a 20% down payment ($74,914) at today's rates (6.8%), you'd need a gross annual income of approximately $99,280. This assumes keeping total housing costs at or below 30% of gross income.
How does West Melbourne compare to the national average home price?
The national median home value is approximately $410,000. At $374,570, homes in West Melbourne are 9% below the national average.
What metro area is West Melbourne part of?
West Melbourne is part of the Palm Bay-Melbourne-Titusville, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.