Markets › Melbourne
Yearly benchmarkMoves monthlyMoves weeklyNews daily
Melbourne FL Apartment Market Read
Covers Palm Bay, Melbourne and Titusville.
Current market read
Landlord’s market
ConditionFirm
The yearly data reads a landlord's market, and the monthly figures, asking rents and jobs are holding steady.
From public data. The situation now, not a forecast.
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Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Stable
Nothing is pulling hard either way in the latest figures (September 2026).
Job growthBLS · SEPTEMBER 2026, PRELIMINARY
+0.2%
▲ Hiring, past 12 months
Job growth · 12 months
Oct 2025 to Sep 2026, with Pro
VacancyCENSUS · 2024
Share of rentals sitting empty. A yearly count, last taken 2024, not what sets the condition.
Asking rentZILLOW · MONTHLY
$1,655 a month
September 2026, ▲ up 0.2% on September 2025
Data Provided by Zillow Group
Asking rent · 24 months
Oct 2024 to Sep 2026, with Pro
Census 2024: +2.0% · US avg +4.6%
Median rentCENSUS · 2024
$1,681/mo
Typical rent. A yearly count, last taken 2024
Median rent · 8 yearly counts
2017 to 2025, no 2020, with Pro
In the news · MelbourneNEWS · DAILY
Latest local coverage, 3 weeks ago. softer neutral firmer
Brevard lands nearly $9M for permanent housingDemand vs supplyCENSUS + BLS
Moderate demand
DEMAND
Jobs+0.2%
Migration 2025+14/1k
SUPPLY
Permits 2025+75%
Vacancy 202410.6%
Rent vs buyWEEKLY RATE · 2024 RENT
+$1,096/mo
Cheaper to rent than buying
rent $1,681 · own $2,777
$1,681RENT
$2,777OWN
Domestic migrationCENSUS · 2025
+14/1k
▲ More people moved in from elsewhere in the US than left. A yearly count, last taken 2025.
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.