Home prices
The median home in Melbourne Village costs $250,000. In comparison to its surrounding areas it is about $18,100 (6%) lower.It is roughly $32,500 (14%) higher compared to the entire nation, and is about $10,000 (4%) higher in comparison to the city of Orlando.
Rents
Melbourne Village's median monthly rent is $950. It is approximately $422 (30%) lower in comparison to the surrounding areas.Compared to the United States as a whole it is about $112 (10%) lower, and compared to the city of Orlando is about $246 (20%) lower.
Nearby places
West Melbourne
West Melbourne is Melbourne Village's neighbor to the south. Housing prices there are a bit less expensive. The median home in West Melbourne is valued at $224,400, which comes out to $25,600 (11%) lower than Melbourne Village. Rent there is a little more expensive. The median monthly rent in West Melbourne is $1,349, which comes out to $399 (29%) higher than Melbourne Village.
Melbourne
Melbourne is Melbourne Village's neighbor to the north. Its housing prices are a lot less expensive. Melbourne's median home value is $169,000, which comes out to $81,000 (47%) lower than Melbourne Village. Its rents are a little more expensive. Melbourne's median rent is $1,030 per month, which comes out to $80 (7%) higher than Melbourne Village.
June Park
June Park is approximately 1 mile southwest of Melbourne Village. The housing prices there are somewhat less expensive. The median home in June Park costs $204,600, which is $45,400 (22%) lower than Melbourne Village. Its rents are somewhat more expensive. The median monthly rent in June Park is $1,295, which comes out to $345 (26%) higher than Melbourne Village.
Indialantic
Indialantic is about 5 miles east of Melbourne Village. Housing prices there are substantially more expensive. The median home price in Indialantic is $374,500, which is $124,500 (33%) higher than Melbourne Village. The rent there is a bit more expensive. The median rent in Indialantic is $1,220 per month, which works out to $270 (22%) higher than Melbourne Village.
Melbourne Beach
Melbourne Beach is approximately 5 miles east from Melbourne Village. Real estate prices there are significantly more expensive. Melbourne Beach's median home value is $368,000, which comes out to $118,000 (32%) higher than Melbourne Village. Rents there are a lot more expensive. In Melbourne Beach the median monthly rent is $1,968, which comes out to $1,018 (51%) higher than Melbourne Village.
