Melbourne Village, FL
Population 753 · Florida
About Melbourne Village, FL
Melbourne Village is a small community located in Florida with a population of 753 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,846 per year, which is 25% above the national median of $75,149. The median age of 59.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Melbourne Village features a median home value of $348,600, which is 42% above the national median of $244,900. This positions Melbourne Village in a moderately priced market relative to the rest of the country. Median monthly rent is $1,167, 0% above the national average of $1,163/month. Of the 370 total housing units, 91% are owner-occupied (286 units) and 9% are renter-occupied (28 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Melbourne Village shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Melbourne Village have an average one-way commute time of 26.6 minutes.
Education & Demographics
55.0% of Melbourne Village residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 8.2% Asian residents, with 11.2% of the population being foreign-born.
Cost of Living in Melbourne Village, FL
Compared to national averages, Melbourne Village has a median household income of $93,846 (25% above the national median of $75,149). Home values average $348,600, which is 42% above the national median. Monthly rent at $1,167 is 0% above the US average of $1,163. Within Florida, Melbourne Village's income is 24% above the state average of $75,893, and home values are 1% below the state median of $353,675.
Why Live in Melbourne Village, FL?
Melbourne Village offers a strong local economy with a median household income of $93,846, well above the national average, and a strong job market with an unemployment rate of just 3.2%, and a well-educated community where 55.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 9.4%, better than the national average.
Melbourne Village has a population of 753 with a median age of 59.5 years. Compare Melbourne Village with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Melbourne Village
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Heritage Bay | 752 | $105,972 | $558,800 | Compare |
| Duck Key | 755 | $135,000 | $989,900 | Compare |
| Cedar Key | 756 | $69,226 | $331,100 | Compare |
| Marco Shores-Hammock Bay | 746 | $80,795 | $526,500 | Compare |
| Paisley | 762 | $64,291 | $182,300 | Compare |
| Fort Green Springs | 742 | $78,820 | $76,000 | Compare |
| Gulf Stream | 766 | $196,806 | $2,000,001 | Compare |
| Ponce de Leon | 738 | $52,250 | $107,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Melbourne Village With Other Cities
Frequently Asked Questions about Melbourne Village
What is the population of Melbourne Village, FL?
The population of Melbourne Village, FL is 753 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Florida.
What is the median household income in Melbourne Village?
The median household income in Melbourne Village, FL is $93,846 per year, which is 25% above the national median of $75,149.
What is the median home value in Melbourne Village?
The median home value in Melbourne Village, FL is $348,600, which is 42% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Melbourne Village?
The median monthly rent in Melbourne Village, FL is $1,167, which is 0% above the national average of $1,163/month.
What is the unemployment rate in Melbourne Village?
The unemployment rate in Melbourne Village, FL is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Melbourne Village, FL a good place to live?
Melbourne Village offers above-average incomes, a competitive housing market, and a strong job market. With a population of 753 and a median age of 59.5, the city appeals to established professionals and retirees.
How educated is Melbourne Village, FL?
55.0% of residents in Melbourne Village aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Melbourne Village?
Key cost-of-living indicators for Melbourne Village, FL: median home value is $348,600 (42% above national), median rent is $1,167/month, and median household income is $93,846. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Melbourne Village?
The poverty rate in Melbourne Village, FL is 9.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Melbourne Village, FL?
Melbourne Village's population is 0.0% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 8.2% Asian, and 2.8% two or more races. 11.2% of residents are foreign-born.