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Melbourne Real Estate Statistics
| Average Price | $615K |
|---|---|
| Lowest Price | $300K |
| Highest Price | $4.8M |
| Total Listings | 450 |
| Avg. Days On Market | 58 |
| Avg. Price/SQFT | $271 |
Property Types (active listings)
Melbourne, Florida Real Estate
Introduction to Melbourne
Melbourne, located in Brevard County, Florida, is a fun city that has plenty to offer potential residents. Home to over 84,000 residents as of the 2020 census, Melbourne serves as a key player in the Palm Bay–Melbourne–Titusville Metropolitan Statistical Area. The city’s origins trace back to the late 19th century, evolving from a modest settlement into a thriving hub for technology and defense industries. Melbourne's rich history is preserved in landmarks like the Historic Rossetter House Museum, offering residents and visitors a glimpse into the past.
The merger with Eau Gallie in 1969 marked a significant turning point, expanding Melbourne's cultural and economic landscape. This union fostered the development of diverse neighborhoods and boosted the local economy, particularly in sectors like aerospace and healthcare. Melbourne is also home to the Florida Institute of Technology, a prestigious institution that contributes to the city’s educational and technological advancements. Here, you'll also find the Melbourne Orlando International Airport, making air travel a breeze (no pun intended), making it a convenient location for both business and leisure travelers.
Coastal Real Estate Professionals are the experts on Southern Florida homes for sale. To be one of the first to know of new Melbourne listings, give us a call at 561-203-7803, contact us here, or email info@coastalrepros.com.
Real Estate in Melbourne
The real estate market in Melbourne is quite diverse. From charming single-family homes in peaceful neighborhoods to modern condominiums with stunning waterfront views, there's something for everyone. Areas like Historic Downtown Melbourne feature beautifully preserved homes that reflect the city’s architectural styles. For those seeking luxury, upscale properties near the Eau Gallie Arts District provide exclusive amenities and prime locations. Whether you're a first-time homebuyer or looking to upgrade, Melbourne's housing market ensures that you can find a perfect home to meet your needs.
Investment opportunities are also plentiful in Melbourne, thanks to the city's steady growth and economic stability. The proximity to major employers in the aerospace and defense sectors makes it an attractive area for professionals seeking convenient commutes and high-quality living standards. Neighborhoods such as Cocoanut Grove offer family-friendly environments with excellent schools and recreational facilities.
Things to do Near Melbourne
Melbourne is packed with amenities and entertainment options that cater to all ages and interests. Those who want to get outdoors can explore the Brevard Zoo or enjoy water activities at Lake Washington. The city's numerous parks, including Wickham Park, provide ample opportunities for picnicking, hiking, and community events. For culture, the Henegar Center for the Arts hosts a variety of performances, from theater productions to live music concerts.
Dining and shopping in Melbourne are equally impressive, with a range of options from quaint local cafes to high-end restaurants and boutiques. The Historic Downtown Melbourne area is a hotspot for nightlife, featuring trendy bars and unique shops. Annual events like the Melbourne Arts Festival and IndiaFest bring the community together for celebrations of art, culture, and diversity. Additionally, sports lovers can catch a game or participate in local leagues - in short, there's always something exciting happening in Melbourne.
FAQs About Melbourne
How walkable is Melbourne, and what areas are best for walking?
Melbourne provides several pedestrian-friendly neighborhoods where walking is both enjoyable and convenient. Areas like Historic Downtown Melbourne and the Eau Gallie Arts District are excellent for strolling, featuring well-maintained sidewalks, local boutiques, charming cafes, and cultural hotspots all within easy reach. Residents can explore attractions such as the Henegar Center for the Arts and enjoy the vibrant street life without needing to drive. Additionally, Wickham Park offers beautiful trails and green spaces perfect for slow walks or brisk jogs.
How does Melbourne support healthcare needs for its residents?
Melbourne is well-equipped with healthcare facilities that ensure residents receive comprehensive medical care. Key institutions include Holmes Regional Medical Center, which offers a full spectrum of healthcare services, and Melbourne Regional Medical Center, known for its specialized treatments and emergency care. Additionally, numerous clinics and specialty practices are available throughout the city.
What transportation options are available in Melbourne?
Major highways like Interstate 95 and U.S. 192 provide quick access to neighboring cities and key destinations. Public transportation is served by Space Coast Area Transit, which offers convenient bus routes throughout the region. For air travel, the Melbourne Orlando International Airport provides daily flights on several major airlines.
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