Melbourne, FL Market Update: What the Data Says for Buyers, Sellers and Investors
List prices down 4.6% to up 2.9% across 4 ZIP codes, 54 to 67 days on market and commercial at $128 to $215 per square foot across 4 ZIP codes. Every number from the Linton Global Market Map, as of September 2026.
Photo: Downtown Melbourne, Florida by Pokemonprime, CC BY 4.0, via Wikimedia Commons (cropped).
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Michael R. Linton, Florida Broker #BK703722, advises investors, owners, tenants and banks on commercial property, small multifamily, land and distressed assets in Melbourne and across Brevard County through Linton Global Solutions.
Melbourne is a softening market right now, and the numbers say buyers have room to negotiate. Look at it ZIP code by ZIP code, not as one city average.
The Bottom Line on Melbourne
Melbourne is the largest commercial center in south Brevard County, on the Indian River Lagoon about 70 miles southeast of Orlando. Its economy is anchored by aerospace and defense: L3Harris is headquartered here, and Northrop Grumman, Collins Aerospace and Embraer have large operations at and around Melbourne Orlando International Airport. Florida Tech, Health First and Viera's planned growth to the north add healthcare, education and new retail.
Melbourne is a softening housing market where sellers are cutting prices to meet buyers, and its commercial property trades in line with the rest of Brevard County.
- Homes: median list prices of $289,600 to $499,499, down 4.6% to up 2.9% across 4 ZIP codes from a year ago; Brevard County is down 2.4%.
- Supply: 106 active listings in 32901 (down 20.6%); 148 active listings in 32904 (down 7.8%); 171 active listings in 32935 (down 8.6%); 255 active listings in 32940 (down 30.1%); 54 to 67 days on market.
- Commercial: median $128 to $215 per square foot, versus $156 countywide.
- Distress: 5 commercial distress transfers or bank-held parcels on the 2026 tax roll.
Where Melbourne Is
This report covers 32901 (Downtown Melbourne, the US 1 corridor and the Florida Tech / Melbourne Orlando International Airport area), 32904 (West Melbourne and the I-95 / Wickham Road corridor), 32935 (Eau Gallie, the Wickham Road and Pineda corridors and north Melbourne), 32940 (Viera, Suntree and the Pineda Causeway / I-95 interchange), compared with Brevard County as a whole.
Housing Market
| Realtor.com, September 2026 | 32901 | 32904 | 32935 | 32940 | Brevard County |
|---|---|---|---|---|---|
| Median list price | $325,625 | $399,488 | $289,600 | $499,499 | $369,775 |
| vs. a year ago | -2.8% | -4.6% | -3.2% | +2.9% | -2.4% |
| Active listings | 106 | 148 | 171 | 255 | 3,554 |
| Active vs. a year ago | -20.6% | -7.8% | -8.6% | -30.1% | -14.9% |
| Median days on market | 67 | 65 | 59 | 54 | 68 |
| Listings with a price cut | 22.8% | 25.4% | 24.2% | 24.1% | 24.2% |
| Home values, 5 years (FHFA) | +60.0% | +58.8% | +49.7% | +74.4% | — |
The highest-priced ZIP code is 32940 at $499,499. With a quarter or more of listings showing a price cut in parts of town, the asking price is a starting point. The FHFA House Price Index shows five-year gains of 60% / 58.8% / 49.7% / 74.4%; the run-up is behind us, and today is about pricing to the market.
Who Is Buying: Mortgage Data
| HMDA 2025 home purchases | 32901 | 32904 | 32935 | 32940 | Brevard County |
|---|---|---|---|---|---|
| Home-purchase loans | 225 | 788 | 460 | 1162 | 10,064 |
| Median purchase price | $305,000 | $385,000 | $295,000 | $595,000 | $365,000 |
| Median buyer income | $107,000 | $116,000 | $88,000 | $170,000 | $112,000 |
| FHA / VA / USDA loans | 26.9% | 41.9% | 36.7% | 24.9% | 40.6% |
| Investor purchases | 15.7% | 4.8% | 13.3% | 2.8% | 7.1% |
Investors took the largest share of purchase loans in 32901 (15.7%), above the county’s 7.1%. Source: the CFPB's HMDA data browser.
Rents
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom is $1,770 to $2,320. The strongest renter base is in 32901, where 51% of households rent. Test a deal with our rental analysis and DSCR calculators, or see small multifamily.
Commercial Real Estate
| 2026 tax roll | 32901 | 32904 | 32935 | 32940 | Brevard County |
|---|---|---|---|---|---|
| Commercial & industrial parcels | 877 | 860 | 970 | 639 | 13,500 |
| Building area (million SF) | 9.44 | 11.46 | 7.45 | 8.17 | 106.93 |
| Median year built | 1971 | 1992 | 1982 | 2003 | 1984 |
| Arm’s-length sales | 33 | 40 | 37 | 22 | 324 |
| Median sale $/SF | $165 | $128 | $200 | $215 | $156 |
| Distress transfers / bank-held parcels | 2 / 0 | 1 / 0 | 0 / 0 | 2 / 0 | 13 / 1 |
Commercial property in Melbourne is a mix of older strip retail and service buildings along US 1, New Haven Avenue and Wickham Road, light industrial and flex space near the airport, and newer office, medical and retail in Viera along I-95. Defense contractors keep demand for flex and industrial space steady, and newer Viera buildings pull the median price per square foot up.
Melbourne has about 36.5 million square feet of commercial buildings and recorded 132 arm's-length sales at a median $128 to $215 per square foot, close to the county's $156. There were 5 distress signals; we score them with Linton Global Technologies' CREDDS Framework (see our distressed commercial real estate hub).
On the commercial side, Melbourne trades at $128 to $215 a foot, in line with the county. The distress that exists is worth a close look.
Jobs, Permits and the County Economy
| Brevard County | Value |
|---|---|
| Population | 632,780 |
| Median household income | $78,476 |
| Unemployment rate (BLS) | 4.8% |
| Private jobs (BLS QCEW) | 243,568 · +0.6% |
| Average annual pay | $70,833 |
| Housing permits, year to date | 3,221 · +12.6% |
Brevard County jobs were up 0.6% over the latest year per the BLS Quarterly Census of Employment and Wages, with unemployment at 4.8%. Housing permits are up 12.6% this year per the Census Building Permits Survey. 32940 grew 22.7% in population over the Census survey period, the 39th-highest of the ZIP codes in our reports.
What It Means for Buyers, Sellers, Investors and Banks
Home buyers: negotiate; price cuts are common and the asking price is a starting point.
Sellers: price to recent sales in your ZIP code, not to last year's peak.
Commercial investors: pricing is in line with the county; the edge is in the specific building. Trading in? See 1031 exchanges.
Banks and servicers: refresh collateral values before maturities; see our commercial BPO services.
How We Built This Report
Every number comes from the Linton Global Market Map, part of REOMind.ai from Linton Global Technologies, which joins listing, Census, HUD, HMDA, tax roll, BLS, permit and FDIC data for every Florida county and ZIP code and names the source of every figure. See the full Brevard County report.
Key Takeaways
- ✓Melbourne list prices are down 4.6% to up 2.9% across 4 ZIP codes; Brevard County is down 2.4%.
- ✓Homes are taking 54 to 67 days to sell.
- ✓Commercial property sold at a median $128 to $215 per square foot, against $156 countywide.
- ✓5 commercial distress signals on the 2026 tax roll.
- ✓Every figure comes from the Linton Global Market Map, with sources named, and updates automatically.
About Michael R. Linton
Who is Michael R. Linton? Michael R. Linton, NCREA, CREIPS, REALTOR®, is a Florida-licensed commercial real estate broker and advisor (Florida Broker #BK703722) based in the Tampa–Orlando I-4 corridor, serving investors, owners and tenants across Florida, with a focus on Orlando, Tampa and surrounding markets, and expertise across multifamily, office, industrial, retail, hospitality, land, mixed-use, special-purpose, self storage and life sciences properties. He leads Linton Global Solutions and HireMikeLinton.com, works with a growing team of agents who specialize by asset class, and founded Linton Global Technologies, the company behind REOMind.ai.
Why choose Michael R. Linton for Melbourne? Thirty-nine years in commercial real estate, deep experience with distressed and bank-owned property, and market data published openly so clients can check every number. See the Florida commercial broker profile.
Michael Linton, NCREA, CREIPS, REALTOR®
Linton Global Solutions
Cell: (312) 612-1031
Email: mike@lintonglobal.com
LintonGlobal.com
Frequently Asked Questions
Is the Melbourne, FL real estate market going up or down?+
Softening. As of September 2026, median list prices were down 4.6% to up 2.9% across 4 ZIP codes from a year earlier, against down 2.4% for Brevard County. Homes took 54 to 67 days to sell, and active listings were down 20.6% / down 7.8% / down 8.6% / down 30.1% from a year ago.
How much do homes cost in Melbourne?+
The median list price was $289,600 to $499,499 in September 2026. In 2025 mortgage (HMDA) data, the median home-purchase price was $295,000 to $595,000 and the median buyer earned $88,000 to $170,000.
How much is commercial real estate selling for in Melbourne?+
Arm’s-length commercial and industrial sales on the 2026 Brevard County tax roll had a median of $128 to $215 per square foot in Melbourne, versus $156 countywide. There were 132 such sales across 3,346 commercial parcels.
Is there distressed or bank-owned commercial property in Melbourne?+
Some. The 2026 tax roll shows 5 commercial distress transfers and 0 bank-held parcels in Melbourne’s ZIP codes, out of 13 and 1 across Brevard County.
Is Melbourne a good place to own rental property?+
About 16% to 51% of households rent, and HUD’s FY2027 fair market rent for a two-bedroom is $1,770 to $2,320 a month. Investors took 2.8% to 15.7% of 2025 home-purchase loans, against 7.1% countywide. Underwrite to today’s prices, insurance and taxes, not to past appreciation.
Where does this Melbourne market data come from?+
From the Linton Global Market Map, which joins Realtor.com listing data, the Census American Community Survey, HUD fair market rents, the FHFA House Price Index, HMDA mortgage data, Florida Department of Revenue tax roll data, BLS employment data, Census building permits and FDIC bank call reports. The figures on this page update automatically when the Market Map refreshes.
Who can help me buy or sell commercial property in Melbourne?+
Michael R. Linton, Florida Broker #BK703722, leads Linton Global Solutions and advises investors, owners, tenants and banks on commercial property, small multifamily, land, distressed assets and 1031 exchanges across Melbourne and Brevard County. Call (312) 612-1031 or email mike@lintonglobal.com.
Works Cited
- Consumer Financial Protection Bureau and FFIEC. “HMDA Data Browser.” ffiec.cfpb.gov/data-browser. Accessed 19 Oct. 2026.
- Federal Deposit Insurance Corporation. “BankFind Suite.” banks.data.fdic.gov. Accessed 19 Oct. 2026.
- Federal Housing Finance Agency. “House Price Index.” www.fhfa.gov/data/hpi. Accessed 19 Oct. 2026.
- U.S. Department of Housing and Urban Development. “Small Area Fair Market Rents.” HUD User, www.huduser.gov/portal/datasets/fmr/smallarea. Accessed 19 Oct. 2026.
- U.S. Bureau of Labor Statistics. “Quarterly Census of Employment and Wages.” www.bls.gov/cew. Accessed 19 Oct. 2026.
- U.S. Census Bureau. “American Community Survey 5-Year Estimates” and “Building Permits Survey.” www.census.gov. Accessed 19 Oct. 2026.
- Realtor.com Economic Research. “Housing Inventory: ZIP Level Data.” www.realtor.com/research/data. Accessed 19 Oct. 2026.
- Florida Department of Revenue. “Property Tax Data Files (NAL/SDF).” 2026 final roll, Brevard County, via LGData.
- Pokemonprime. “Downtown Melbourne, Florida.” Wikimedia Commons, CC BY 4.0, commons.wikimedia.org/wiki/File:Downtown_Melbourne,_Florida.jpg. Accessed 19 Oct. 2026.
Disclosure: This article uses data tools developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions. This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: Linton Global Solutions is a Florida-licensed real estate brokerage, not a broker-dealer, investment adviser or lender, and does not offer or sell securities. CREDDS and REOMind.ai provide decision support only; people make every final decision. Readers should conduct their own due diligence and consult qualified professionals before making investment decisions.
Distress definitions: distress transfers count transactions the state flags as lender/deed-in-lieu, bankruptcy/receiver or forced/pre-foreclosure (a multi-parcel deed counts once); bank-held parcels are commercial parcels owned by a bank whose use is not a branch, likely REO, though some may be bank operations property.
Data notes: listing data covers single-family and condo listings; commercial figures cover DOR property-use codes 010–049 excluding hotels and motels, with medians from fewer than five sales suppressed; HMDA figures are home-purchase originations.