West Melbourne, FL 32904 - Real Estate Investment Insights & Performance Data

Welcome to our 32904 real estate data hub, tailored for investors in West Melbourne, FL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 32904 in West Melbourne, FL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in BREVARD COUNTY.

Leverage our comprehensive, zip code-specific data to excel in West Melbourne, FL real estate investing. Uncover the wealth of information available, and position yourself for success in the West Melbourne property market.

• Location Overview

  • Zip Code: 32904
  • City: West Melbourne
  • State: FL
  • Metro Area: Palm Bay-Melbourne-Titusville, FL
  • County Name: BREVARD COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $401,183
  • Average Home Price (Single Family Homes): $410,100
  • Average Monthly Rental Price (All Types): $2,350
  • Price-to-Rent Ratio: 14
  • Zillow Projected % appreciation from 4/2023-4/2024: 1.7%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,680
  • Average 3 Bedroom Section 8 Rental Rates: $2,240
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.9
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.92
  • Number of Units Offered in Section 8 in the County: 2442
  • Number of Occupied Units in Section 8 in the County: 2279
  • Percentage of Section 8 Units Occupied in the County: 93.30000305%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 285.17
  • Total % Appreciation since 2000 (Government Data): 214.96
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.89%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.95%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 44.69%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 55.87%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 150.68%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 78.13%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 162.32%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 3.49%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 7.33%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 45.76%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 60.29%