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Located in the east-central part of the state of Florida and a city in Brevard County, Melbourne sits along the Indian River on the Intracoastal Waterway and is situated about 60 miles southeast of Orlando. The area was originally known as Crane Creek and the community was settled in 1878. And was then renamed for Melbourne, Australia. A passenger steam service was the area’s first transportation service but was then taken out upon the arrival of the Florida East Coast Railway in 1893. Tourism, including yachting and sportfishing, citrus growing, and cattle raising was the town’s primary economic activity. Melbourne's growth was majorly influenced by the establishment of the space complex at Cape Canaveral to the north and by a subsequent influx of the aerospace industry in the city. The modern economy is largely based on the military, high-technology, and services - focusing on health care.

Home Prices

AVERAGE
299,933 -1%
MEDIAN
281,520 +3%

Relative Price (per sqft.)

PRICE
151 +4%

Listings

ACTIVE
167 -18%
NEW
68 -3%

Market Duration

DAYS
62 +17%
Population 77,508 (5.90%)
House Size (sqft.) 1,866 (-3.07%)