Melbourne, FL Home Values (2026)
The median home value in Melbourne is about $380,000 (~$215/sq ft) — 31% more expensive than the typical U.S. home. Below: how Melbourne compares, values by home size and ZIP code, and a free tool for your own address.
Thinking of moving to Melbourne?
Here’s what the numbers say about housing costs in Melbourne. A typical home runs about $380,000, which is 31% more expensive than the national median and 9% more expensive than the Florida average. At roughly $215 per square foot, a median budget here buys you around 1,770 sq ft of home.
Prices swing a lot by neighborhood: across Melbourne’s 5 ZIP codes, the most affordable is 32935 (~$271,000) and the priciest is 32934 (~$492,000) — roughly a 1.8× difference. If you’re relocating, that spread is where the real budgeting happens, so it pays to target ZIP by ZIP rather than the citywide average.
Melbourne home value by size
Using the local rate of about $215 per square foot, here’s a rough estimate by home size. Condition, lot, and exact location move these meaningfully.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $215,000 |
| 1,500 sq ft | $322,500 |
| 2,000 sq ft | $430,000 |
| 2,500 sq ft | $537,500 |
| 3,000 sq ft | $645,000 |
Estimate your specific home in Melbourne
Enter your ZIP and size for an instant estimate tailored to your exact area:
Home values by ZIP code in Melbourne, FL
Typical value and price per square foot for each Melbourne ZIP code we have data for:
| ZIP code | Typical value | $ / sq ft |
|---|---|---|
| 32934 | $492,000 | $266 |
| 32940 | $491,000 | $257 |
| 32904 | $380,000 | $215 |
| 32901 | $271,000 | $213 |
| 32935 | $271,000 | $208 |
Grow your home’s value in Melbourne
Use our Increase Home Value calculator to see which improvements add the most, or read the pre-sale projects that actually pay off. See how Melbourne stacks up against other Florida cities on the Florida home values page, or browse the full U.S. directory.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. Actual values vary by home and change over time.