Property Prices in Melbourne, FL, United States

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Index Info
Price to Income Ratio: 3.94
Mortgage as Percentage of Income: 35.70%
Loan Affordability Index: 2.80
Price to Rent Ratio - City Centre: 10.93
Price to Rent Ratio - Outside of Centre: 7.84
Gross Rental Yield (City Centre): 9.15%
Gross Rental Yield (Outside of Centre): 12.76%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,633.33 $ 1,400.00-1,900.00
Apartment (1 bedroom) Outside of Centre 1,620.00 $ 1,300.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,025.00 $ 2,600.00-3,800.00
Apartment (3 bedrooms) Outside of Centre 2,300.00 $ 2,200.00-2,800.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 366.50 $ 233.00-500.00
Price per Square Feet to Buy Apartment Outside of Centre 232.85 $ 232.70-233.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,088.83 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.65 5.50-7.00

These data are based on 59 entries in the past 18 months from 17 different contributors.
Last update: April 2024

Sources and References
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