If you’re looking to put down roots in the Sunshine State, investing in Melbourne real estate may be the right path for you. Melbourne, FL, is home to various types of residences, from cozy bungalows to stately mansions. The city itself also offers a wide range of activities and sights for residents to revel in. Whether you’re interested in visiting a historic museum or catching a flick at the Brevard County Movie in the Park, there’s no shortage of ways to fill up your free time in Melbourne.
If you’re ready to begin your new life in this friendly, picturesque community, there are plenty of homes for sale in Melbourne, FL, to help you kickstart your search. Here’s everything you need to know about the real estate market in Melbourne and the biggest trends to keep an eye on right now.
Melbourne Real Estate Market Trends
Over the past several years, home prices have been steadily rising in Melbourne. This is primarily a result of high demand and low inventory. Over the next twelve months, inventory is expected to remain at a low level, and demand is projected to rise at the same time. These factors will likely combine to create higher home prices throughout the city.
The annual real estate appreciation rate in Melbourne is 5.30%. The city’s per capita income was $28,776 in 2018, placing Melbourne at middle income level relative to the rest of Florida and the United States. If real estate trends continue to follow the same pattern over the next year, home prices may increase by up to 2 or 3 percent.
Fun Things to Do in Melbourne, FL
While you look for a new home in Melbourne, it’s a good idea to familiarize yourself with the city. Melbourne boasts a rich history and culture that has inspired many landmarks and recreational centers. If you’re eager to explore the city’s past, you can stop by the Rossetter House Museum, a well-preserved home dating back to the nineteenth century. The museum even offers guided tours to help you get the most out of your visit.
If you’re looking for a family-friendly place to spend the day at, the Brevard Zoo is sure to keep your kids entertained. The Manatee Cove Park is also a worthwhile stop if you want to catch a glimpse of more fascinating animals. Other notable gems in Melbourne include the Kennedy Space Center, the Brevard County Movie in the Park and the Foosaner Art Museum.
And, of course, this is Florida—you always have the option of spending a relaxing day at the beach whenever the mood strikes.
Why Work With David Curri?
When you’re ready to begin your search for the perfect home, you want a real estate agency that you can trust. David Curri, a Florida native himself, leads one of the best-performing real estate offices in the South Brevard County region. His team of luxury waterfront property experts know the Melbourne real estate market inside and out, helping to earn the trust of countless potential homebuyers.
No matter what type of home you invest in, Melbourne is a warm, welcoming and dynamic community that’s easy to call home. Keep these tips in mind to find the guidance you need during your search for the perfect home in Melbourne, Florida.