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Foreclosure Homes in Melbourne, FL

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14 Mckinley-ave-Melbourne-FL-32935
Foreclosure
$172,900 List Price

Mckinley Ave
Melbourne, FL 32935

3 Bed | 2 Bath | 1,614 Sq. Ft.

Allan-adale-rd-Melbourne-FL-32935
Foreclosure
$123,525 EMV

Allan Adale Rd
Melbourne, FL 32935

3 Bed | 1 Bath | 864 Sq. Ft.

Post-rd-Melbourne-FL-32935
Foreclosure
$123,590 EMV

Post Rd
Melbourne, FL 32935

2 Bed | 1 Bath | 900 Sq. Ft.

Inverness-ave-Melbourne-FL-32940
Preforeclosure NEW
$369,656 EMV

Inverness Ave
Melbourne, FL 32940

3 Bed | 2 Bath | 1,789 Sq. Ft.

Casa-grande-dr-Melbourne-FL-32940
Preforeclosure NEW
$270,381 EMV

Casa Grande Dr
Melbourne, FL 32940

3 Bed | 2 Bath | 1,434 Sq. Ft.

Sepia-st-West-melbourne-FL-32904
Preforeclosure

Sepia St
West Melbourne, FL 32904

Four-lakes-dr-Melbourne-FL-32940
Preforeclosure
$449,427 EMV

Four Lakes Dr
Melbourne, FL 32940

4 Bed | 2 Bath | 3,218 Sq. Ft.

Deerfield-dr-Melbourne-FL-32940
Preforeclosure
$364,462 EMV

Deerfield Dr
Melbourne, FL 32940

3 Bed | 2 Bath | 2,436 Sq. Ft.

Oxford-ave-Melbourne-FL-32935
Preforeclosure
$205,799 EMV

Oxford Ave
Melbourne, FL 32935

3 Bed | 2 Bath | 1,606 Sq. Ft.

Orange-st-Melbourne-beach-FL-32951
Preforeclosure
$573,600 EMV

Orange St
Melbourne Beach, FL 32951

4 Bed | 2 Bath | 3,022 Sq. Ft.

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Home Value Estimator For Melbourne, FL

There are currently 53,554 real estate properties in Melbourne, FL, with a median automated valuation model (AVM) price of $289,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Melbourne, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Melbourne, FL, is $313,889.00, with the most expensive house in Melbourne, FL, topping out at $4,075,200.00 and the cheapest home in Melbourne, FL, clocking in at $21,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Melbourne, FL!


Rent Prices In Melbourne, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Melbourne, FL, is on a rollercoaster ride. The average rent price in Melbourne, FL, is $1,478.00. Indeed, when looking to rent in Melbourne, FL, you can expect to pay as little as $600.00 or as much as $5,340.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Melbourne, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in Melbourne, FL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Melbourne, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Melbourne, FL and much more. Save thousands at closing with home foreclosure listings in Melbourne, FL — up to 75% off market value!


Top Reasons To Live In Melbourne, FL In 2021

Melbourne is located in Brevard, Florida, with an estimated municipal population of 83,029 residents. All of the best foreclosed homes for sale in Melbourne are located in the following zip code areas on Foreclosure.com: 32901 32903 32934 32935 32904 32912 32919 32941. The estimated population per square kilometer (.62 miles) in Melbourne is 727.


Cost Of Living In Melbourne, FL

So, about how much do homes cost in Melbourne? The most recent median value of resident-owned homes in Melbourne is 167,994. An estimated 58.1 percent of households in Melbourne own their homes, with an average family size of 3.19. The median household income in Melbourne is 48,673, with19.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Melbourne, the median commute time of resident workers (in minutes) is 21.9. And last, but certainly not least, are you looking for homes to rent in Melbourne? If so, the average rent price paid by renters in Melbourne is 1,030, according to recent statistics.


Diversity And Demographics In Melbourne, Florida

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Melbourne, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Melbourne is 42.6, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Melbourne is 38, with an average family size of 3.19.

The percentage of residents who report their race in Melbourne is as follows:

White 80%
Black / African American 9.4%
Asian 4.2%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 4.1%
Other 1.9%

Looking for family-friendly neighborhoods in and/or near Melbourne? Or maybe you are searching for 55+ active adult communities in and/or near Melbourne?

The percentage of residents who report their age in Melbourne is as follows:

Under 10 9.7%
Aged 10-19 10.2%
20s 15.3%
30s 12.4%
40s 9.5%
50s 14.6%
60s 13.6%
70s 7.7%
80+ 7%

Best Schools In Melbourne, Florida

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Melbourne with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Melbourne.


Pros And Cons Of Living In Melbourne, Florida

How do you know that living in -- or moving to -- Melbourne is right where you need to be? Perhaps you grew up in Melbourne or already live nearby; therefore, the decision to buy a home in Melbourne is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Melbourne for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Melbourne:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Melbourne.


Reasons To Move To Melbourne, Florida, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Melbourne can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Melbourne, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Melbourne, FL

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