Real Estate Investing in Melbourne, Florida (32935)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32935 (Melbourne, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.0% vacancy may signal weakening demand.
What’s happening in Melbourne, FL (32935)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32935 Melbourne
ZIP 32935 inside Brevard County looks affordable on the surface — median value of $270K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 32935 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 32935 sits on the difficult end of the FL spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 32935 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 32935 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Melbourne:
Property Strategy for 32935
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $116,596 | $1,530 | 9.4% | — | $116,596 |
| 2BR | $188,195 | $1,770 | 6.8% | +5.9% | $94,097 |
| 3BR | $280,318 | $2,410 | 6.2% | +6.7% | $93,439 |
| 4BR | $330,471 | $2,740 | 6.0% | +7.2% | $82,618 |
| 5BR | $464,307 | — | — | +7.4% | $92,861 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32935 Compare?
| Metric | 32935 | Melbourne | Palm Bay-Melbourne-Titusville, FL | Florida |
|---|---|---|---|---|
| Home Value | $270,403 | $381,624 | N/A | $374,697 |
| 5-Year CAGR | 3.8% | 4.1% | N/A | 7.4% |
| Avg Rent | $1,587 | $1,810 | N/A | - |
| Cap Rate | 4.6% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32935 (Melbourne, FL). Anonymous, moderated, never written by AI.
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Property managers serving Brevard County
Manage rentals here? List your business →Solutions Property Management LLC offers residential, multi-family, commercial, and community association property management services in Melbourne, including marketing, tenant screening, rent collect summary from their website
Aamerican Property Management provides services for renters, including rental FAQs, online applications, online payments, and maintenance requests. summary from their website
All Brevard Property Management is a property management company. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $270,403 |
| Monthly Rent | $1,587 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | -1.4% ▼ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 Rent Trends
| 1-Year | -7.0% ▼ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | +3.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 32935
Population: 41,533
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 32935
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,610 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How tight is the rental market in Melbourne, FL?
Melbourne, FL sees elevated vacancy, which is reasonable relative to the broader FL rental market.
What kind of tenants rent in Melbourne, FL?
The renter base in Melbourne, FL is reasonable for the $1,587/mo price point. Screening well and pricing to market typically yields measured tenants.
What monthly rent should investors expect in Melbourne, FL?
Melbourne, FL rentals go for roughly $1,587/mo a month. That puts gross yield in solid territory relative to $270K acquisition costs.
Is Melbourne, FL landlord-friendly?
The landlord environment in Melbourne, FL is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the typical home price in Melbourne, FL?
Median home price in Melbourne, FL is near $270K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
You know 32935 now. You don’t know where it ranks.
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How 32935 ranks in Palm Bay-Melbourne-Titusville, FL
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