The typical Melbourne home was worth $356,996 in August 2026, down 1% in a year and about 7% below the April 2024 peak, Zillow's index shows.
Last checked Oct. 9, 2026, with Zillow data through August 2026 and Federal Housing Finance Agency data through the second quarter of 2026. Refreshed monthly. Questions about a specific property’s value or taxes: the Brevard County Property Appraiser, 321-264-6700, or bcpao.us.
The typical home in Melbourne was worth $356,996 in August 2026, according to the Zillow Home Value Index. That is down 1.0% from $360,648 a year earlier and about 7% below the city’s peak of $383,556 in April 2024. Values are still about 43% higher than in August 2020, before the pandemic run-up.
The index covers single-family homes and condos in the middle third of the market and is adjusted for the season. It is an estimate of value, not a sale price.
What this means for you
- Prices have eased for two years from the 2024 high, but only slightly, and remain far above 2020.
- Homes are going under contract faster: 29 days in August, down from 52 a year earlier.
- Melbourne sits just above the Brevard County figure and well below the beachside cities.
- Buying? Your property tax bill resets to the new market value; see property taxes.
Ten years of values
| August | Typical home value | Change from a year earlier |
|---|---|---|
| 2020 | $250,348 | |
| 2021 | $302,046 | +20.7% |
| 2022 | $376,949 | +24.8% |
| 2023 | $378,343 | +0.4% |
| 2024 | $379,514 | +0.3% |
| 2025 | $360,648 | -5.0% |
| 2026 | $356,996 | -1.0% |
Source: Zillow Home Value Index, cities (CSV).
Sale prices and time on the market
Zillow also reports what homes actually sold for. The median sale price in Melbourne was $367,000 in July 2026, the latest month published, down from $371,250 in July 2025. Over the past 12 months the monthly figure ranged from $325,000 (February 2026) to $376,000 (January 2026).
The median days to pending, the time from listing to an accepted offer, was 29 days in August 2026, against 52 days in August 2025.
Compared with neighbors
| Place | Typical value, August 2026 | One-year change |
|---|---|---|
| Grant-Valkaria (about 14 miles away) | $543,044 | +2.9% |
| Satellite Beach (about 6 miles away) | $513,382 | +0.3% |
| Indian Harbour Beach (about 5 miles away) | $454,286 | +0.9% |
| Merritt Island (about 14 miles away) | $430,609 | +0.5% |
| West Melbourne (about 4 miles away) | $371,234 | -1.2% |
| Melbourne | $356,996 | -1.0% |
| Brevard County | $341,942 | -0.9% |
| Palm Bay (about 10 miles away) | $303,910 | -1.7% |
The beachside cities held or gained value over the year; Melbourne, West Melbourne, Palm Bay and the county as a whole slipped about 1% to 2%. County figures: Zillow Home Value Index, counties (CSV).
The federal measure
The Federal Housing Finance Agency’s house price index for the Palm Bay-Melbourne-Titusville metropolitan area, which covers Brevard County and tracks repeat sales and refinances of the same homes, stood at 454.30 in the second quarter of 2026, up 2.2% from 444.66 a year earlier. The FHFA index includes only homes with mortgages backed by Fannie Mae or Freddie Mac, which leaves out many cash and condo sales, one reason it can differ from Zillow’s.
The Census figure
The Census Bureau’s 2020-2024 American Community Survey put the median value of owner-occupied homes in Melbourne at $306,400, against $339,600 for Brevard County. That figure is what owners say their home is worth, collected over five years, so it trails the market. More in our Melbourne population guide.
How to read these numbers
- Zillow’s index is modeled from public records and listings. It is not an appraisal.
- For a single property, look up its record and nearby sales with the Brevard County Property Appraiser or ask a licensed appraiser.
- Recorded sales in the city are listed in our real estate transfers.
Related: moving to Melbourne, property taxes and building permits and zoning.
Home values by ZIP code for seven areas of the city are in our Melbourne neighborhoods guide.
Frequently asked questions
What is the average home price in Melbourne, Florida?
Zillow’s Home Value Index put the typical Melbourne home at $356,996 in August 2026. Zillow’s median sale price was $367,000 in July 2026, the latest month published.
Are home prices going down in Melbourne, Florida?
Slightly. The typical value fell 1.0% from August 2025 to August 2026 and is about 7% below the peak of $383,556 in April 2024, but still about 43% above August 2020.
How long does it take to sell a house in Melbourne, Florida?
The median time from listing to an accepted offer was 29 days in August 2026, down from 52 days in August 2025, according to Zillow.
Is Melbourne cheaper than West Melbourne or the beaches?
Yes. In August 2026 the typical Melbourne home was worth $356,996, against $371,234 in West Melbourne, $454,286 in Indian Harbour Beach and $513,382 in Satellite Beach. Palm Bay was lower, at $303,910.
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