Housing market · ZIP 32940

Melbourne, FL Home Prices & Forecast

Median value and 12-month outlook · as of April 2026

Median home value

$484,705

3-month-0.1%

6-month-0.2%

12-month-3.1%

Touse 12-month forecast

-1.1%

Projected median near $479,346 over the next 12 months

As of April 2026, the median home value in Melbourne, FL (ZIP 32940) is $484,705. Prices are falling, down 3.1% over the past year. Touse's model projects a -1.1% change over the next 12 months, putting the median near $479,346.

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Nearby areas in Brevard

Mims 32754 Scottsmoor 32775 Titusville 32780 Titusville 32781 Titusville 32783 Titusville 32796 Orlando 32815 Orlando 32899

Estimates are derived from Zillow Research price history and Touse's forecasting model (LightGBM + Prophet). Forecasts are 12-month projections with inherent uncertainty, not guarantees, and are not financial advice. Confirm with a licensed professional before any decision.