Property Prices in Melbourne, FL, United States

Index Info
Price to Income Ratio: 3.35
Mortgage as Percentage of Income: 23.13%
Loan Affordability Index: 4.32
Price to Rent Ratio - City Centre: 9.52
Price to Rent Ratio - Outside of Centre: 6.97
Gross Rental Yield (City Centre): 10.50%
Gross Rental Yield (Outside of Centre): 14.34%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,062.50 $ 800.00-1,500.00
Apartment (1 bedroom) Outside of Centre 981.00 $ 800.00-1,250.00
Apartment (3 bedrooms) in City Centre 1,600.00 $ 1,400.00-1,900.00
Apartment (3 bedrooms) Outside of Centre 1,421.43 $ 1,200.00-1,750.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 190.00 $ 150.00-300.00
Price per Square Feet to Buy Apartment Outside of Centre 126.50 $ 101.00-250.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,545.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.42 2.35-5.00

These data are based on 82 entries in the past 18 months from 22 different contributors.
Last update: June 2021

Sources and References
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