ZIP Code 32904 — Melbourne, FL Home Prices (2026)
The typical home in ZIP 32904 (Melbourne, Florida) is worth about $379,000 at roughly $211 per square foot — about the same as the Melbourne median and 29% more expensive than the typical U.S. home.
How 32904 compares
ZIP 32904 is a mid-priced ZIP code for Melbourne: its typical home value of $379,000 ranks #3 of the 5 Melbourne ZIP codes we track (the citywide range runs from $269,000 in 32901 to $496,000 in 32934). Per square foot it costs about $211, against $224 for Melbourne as a whole, $229 for Florida, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 32904 | $379,000 | $211 |
| Melbourne, FL | $379,000 | $224 |
| Florida | $349,000 | $229 |
| United States | $294,000 | $195 |
Home value by size in 32904
Using this ZIP’s rate of about $211 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $211,000 |
| 1,500 sq ft | $316,500 |
| 2,000 sq ft | $422,000 |
| 2,500 sq ft | $527,500 |
| 3,000 sq ft | $633,000 |
Salary needed to buy a home in ZIP 32904
To buy the typical $379,000 home in ZIP 32904 with 20% down, you need a household income of roughly $103,000 a year (about $2,410 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $123,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $19,000 | $2,990/mo | $128,000/yr |
| 10% (+PMI) | $37,900 | $2,860/mo | $123,000/yr |
| 20% | $75,800 | $2,410/mo | $103,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 32904
At about $211 per square foot, here is roughly how much home different budgets get you in ZIP 32904:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 950 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1180 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1420 sq ft | below the local median — condos, smaller or older homes |
| $400k | 1900 sq ft | around the typical home here |
| $500k | 2370 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 32904 home.
Estimate a specific home in 32904
The estimator below is pre-set to ZIP 32904 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Melbourne ZIP codes by home value
Where 32904 sits among Melbourne’s 5 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 32934 | $496,000 | $267 |
| 2 | 32940 | $493,000 | $259 |
| 3 | 32904 (this page) | $379,000 | $211 |
| 4 | 32935 | $270,000 | $201 |
| 5 | 32901 | $269,000 | $224 |
ZIP 32904 home prices: frequently asked
What is the average home price in ZIP code 32904? +
What is the price per square foot in 32904? +
What salary do you need to buy a house in ZIP 32904? +
Is 32904 an expensive ZIP code? +
See the full Melbourne home values page, all Florida cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.