32935, Melbourne, FL

The 32935 zip code of Melbourne, FL has a median home value of $221,000 and a median home equity value of $144,000. The average home price in the 32935 zip code has grown by over 20% since 2007. The growth in the 32935 zip code is likely due to an influx of new residents and an increase in demand for housing stock.

The average household income in the 32935 zip code is $81,500. This is lower than the statewide average household income of $85,046 but higher than the national average household income of $67,617. The percentage of households earning over $200,000 is lower than both the statewide percentage of households earning over $200,000 and the national percentage of households earning over $200,000. This may be due to a higher concentration of high-income earners in certain areas within Melbourne or it may be indicative that there are not as many high-income earners living in the 32935 zip code as there are nationally or statewide.

Despite having a lower median household income than other areas within Florida or nationwide, homeownership rates in the 32935 zip code are above state and national averages. Over 60% of households living in the 32935 zip code own their homes compared to 50% statewide and 47% nationally. This indicates that homeownership rates are not only high within this particular area but also throughout Florida as a whole.