US5.com
  1. Home
  2. States
  3. Florida
  4. ZIP 32951
  5. Housing & Real Estate
Melbourne Beach town, FL

ZIP 32951 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32951

Median Home Value
$495,700
Median Rent
$1,528
Affordability Snapshot
$136,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,184/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

27.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 32951 in Melbourne Beach town, FL, a household would need roughly $136,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,184. That is about 53% above the local median household income ($88,859), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 24% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
85.2%+30% vs US avg
x
Vacancy Rate
24.2%+135% vs US avg
x
Broadband Access
90.3%+4% vs US avg
x
4+ Bedrooms
3.4%-77% vs US avg
x
Built Pre-1939
0.5%-96% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
25.0%-50% vs US avg
x
Mortgage-Free
62.3%+63% vs US avg
x
$495,700
Home Value
$1,528
Rent
1987
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached57.0%
  • 1-unit attached8.4%
  • 2-9 units13.2%
  • 10+ units7.0%
  • Mobile home & other14.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$495,700
Median rent$1,528
Owner-occupied85.2%
Vacant24.2%
Price-to-income5.6x
Est. income to buy$136,000