ZIP 32940 · Melbourne, Florida
2026 Edition · 8 cards · data as of Oct 30, 2026
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Population
51,727 people call ZIP 32940 home.
51,727
people.
Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year
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Rent
Median rent is up 63% since the 2010–2014 survey, before inflation.
$2,044
a month. Florida's median is $1,669.
Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Sources: Census ACS 5-year
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Room to build
The median rent is above what local wages can carry.
$972–$1,459
is the monthly rent range local workforce wages support.
- $2,044 median
Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year
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Building
42% of the housing here was built before 2000.
- 42% of all homes were built before 2000
Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year
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Units needed
Closing the gap would add 0.2–0.8% to the 22,608 homes here.
34–170
is the estimated number of missing housing units, from the lowest to the highest of three estimates.
Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac
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Home value
A median home costs 30% more than Florida's.
$467,000
median home value in ZIP 32940.
- $467,000 ZIP 32940
- $359,000 Florida
- $332,700 U.S.
Census ACS 5-year, 2020-2024. Sources: Census ACS 5-year