Sell My House Fast in Melbourne, FL with an iBuyer

Market Overview

Melbourne, FL Home Value Estimates

Melbourne is in east-central Florida on the Indian River Lagoon, one of the most biodiverse estuaries in North America. It was originally called Crane Creek and the name was later changed to Melbourne to pay tribute to the community’s first postmaster. Melbourne, Australia was his home town. Melbourne Beach is located on the Atlantic Ocean just east of Melbourne.

Melbourne’s climate is humid and subtropical with over 50 inches of rainfall a year. Summer is the rainy season with temperatures in the 90’s. The winter temperatures can get as low as the 50’s. Melbourne’s population was 82,011 in 2017 with an annual growth rate of 1.44%.

Melbourne has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 40.7%, which is higher than the US average of 33.5%. The largest industry is High Tech/Aerospace which employees close to 40,000. Patrick’s Air Force base nearby employs 16,280 people. Melbourne has a moderate cost of living with a robust job base including the headquarters of Harris, Health First and Pruitt Real Estate.

With a great job base, lagoon location within close proximity to the Atlantic Ocean, quaint and popular downtown restaurant and bar scene and moderate cost of living, Melbourne will continue to attract millennials for years to come.

Real estate market data in Melbourne

Average Monthly Rent:

$1,135

Percentage Change in Home Price/Value:

3.80%

Median Home Value:

$192,500

Best Time To Sell Home:

June

Affordability Index:

146.7

Days To Sell House:

71.33

Job Market:

Fair

Public School Ranking:

26

Hottest Neighborhoods:

Sarno Rd./Bell Ave., Parkway/Brandywine Ln., North Wickham Rd./Post Rd.

Top iBuyers in Melbourne

Offerpad

Offerpad

Offerpad started in 2015 from of the roots of a real estate professional that realized the process to sell a home had many areas of stress and uncertainty.

Melbourne iBuyers

Register as a Melbourne iBuyer

Thebuyguys.com logo

Wolf Wants Houses logo

What is the market value of my home?

Get Your iBuyer Estimates