The story of this market
The typical home in ZIP 32901 sells for about $269,079, or $215 per square foot.
Prices are down 1.6% from a year ago, which gives buyers more room to negotiate. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,466 a month.
ZIP 32901 — Melbourne
The 32901 housing market is currently in a balanced state, characterized by a slight year-over-year price decline and moderate inventory levels. While affordability remains a challenge for some buyers, the area's proximity to major aerospace employers and downtown Melbourne continues to support steady demand. Market conditions are cooling, with sellers increasingly adjusting prices to align with current buyer expectations.
This ZIP is well-suited for single professionals, retirees, and investors looking for urban-adjacent living, as it offers a high density of rental options and proximity to downtown amenities.
Median prices moved down 1.6% year over year.
Homes spend a median of 62 days on market with 8.3 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 20.2% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 32901, Brevard County FL
Crime rates in the 32901 area are generally higher than the national average, with property crime being the most frequently reported issue in this urbanized section of Melbourne.
Schools serving the 32901 area are part of the Brevard Public Schools district, which maintains a generally stable performance rating, though individual school outcomes vary significantly by neighborhood.
The area faces moderate risk from tropical storms and hurricanes due to its coastal proximity, with specific low-lying zones designated as flood-prone by FEMA.
Economic momentum is driven by the nearby aerospace and technology sectors in the Melbourne-Palm Bay corridor, with ongoing urban revitalization efforts in the downtown Melbourne area.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
Residents benefit from proximity to US-1 and I-95, providing direct access to major employment hubs in Melbourne and the broader Space Coast region.
The area features access to the Indian River Lagoon for water activities, several local municipal parks, and proximity to the historic downtown Melbourne shopping and dining district.
The rental market is characterized by high demand from single adults and a significant presence of multi-family housing, with rents showing moderate stability despite broader market cooling.
The economy is anchored by the aerospace, defense, and technology industries, with major employers including L3Harris and Northrop Grumman operating in the immediate region.
The area is served by a network of arterial roads including US-1 and US-192, with limited public transit options primarily provided by Space Coast Area Transit.
Development is focused on infill projects and the modernization of older residential stock within the city limits.
The Brevard County Property Appraiser manages assessments, utilizing a mass appraisal system to determine just value for tax purposes.
Parcels are subject to Brevard County school district taxes and various municipal service taxing units for infrastructure and public safety.
Property insurance premiums remain elevated due to regional hurricane risk, with many residents relying on the state-backed Citizens Property Insurance Corporation.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A vibrant district featuring local boutiques, restaurants, and nightlife.
A natural area providing walking trails and scenic views of the creek.
Major estuary providing recreational boating and fishing opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.