Melbourne is a regional economic center
The Melbourne area offers many choices of communities, developments, and housing options. The area has multiple museums, cultural events, arts, parks, attractions and recreational opportunities. There are 17 elementary schools, 12 middle schools, 11 private and public high schools, and 7 colleges in Melbourne.
The city of Melbourne contains over 554.72 acres of city park land, including 17 community parks, 13 neighborhood parks, five smaller city parks and a zoo.
In 2008, 259 building permits were issued for 263 units. There were 209 permits issued for 320 units in 2007, which was down from 329 permits for 512 units in 2006. The median home price in 2007 was $215,000. In May 2005, the Melbourne–Titusville–Palm Bay area was among the top 20 in home price appreciation from 2003 to 2004.
Special features: Riverfront properties, nearby public golf courses, multiple parks, on and off the river, public tennis courts, close to public accesses to beaches, community centers, libraries, post offices, great shopping, multiple grocery stores and many fine restaurants.
Range of home prices:
- Median rent: $1500
- Median home price:$200,000
- Single family homes: $175,000 to $500,000
- Riverfront homes: $450,000 to $800,000
- Oceanfront homes: $700,000 to $1,500,000
- Oceanfront condos: $225,000 to $400,000
Lot sizes – Average .25 acres
Residence styles – Wide variety of homes, condos, townhomes, apartments, and rentals of different ages and styles.