Property Prices in Melbourne, FL, United States

Index Info
Price to Income Ratio: 3.73
Mortgage as Percentage of Income: 33.35%
Loan Affordability Index: 3.00
Price to Rent Ratio - City Centre: 11.91
Price to Rent Ratio - Outside of Centre: 8.60
Gross Rental Yield (City Centre): 8.40%
Gross Rental Yield (Outside of Centre): 11.63%

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Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,520.00 $ 1,300.00-1,900.00
Apartment (1 bedroom) Outside of Centre 1,471.43 $ 1,200.00-1,900.00
Apartment (3 bedrooms) in City Centre 3,166.67 $ 2,700.00-3,800.00
Apartment (3 bedrooms) Outside of Centre 2,450.00 $ 2,200.00-2,800.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 393.00 $ 112.00-999.99
Price per Square Feet to Buy Apartment Outside of Centre 247.75 $ 101.00-500.00
Salaries And Financing
Average Monthly Net Salary (After Tax) 4,616.67 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.47 5.00-7.00

These data are based on 47 entries in the past 18 months from 10 different contributors.
Last update: September 2023

Sources and References
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