Melbourne, FL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Melbourne short-term rental market based on reliable data.

Listings

185 / 470

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$28,715

Middle-Earners Revenue

Occupancy

66%

Middle-Earners Occupancy

Home Value

$350,800

Median Home Sale Price

Top Earners

$56,863

Top-Earners Revenue

Melbourne

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Melbourne.

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C

Challenging to Investors

Melbourne Regulations

Clarity of legality is missing for the City of Melbourne itself, and surrounding rules are strict: West Melbourne bans rentals under one week; Melbourne Beach requires registration, inspections, safety and parking rules, occupancy caps, and 24/7 responsible parties. This uncertainty and compliance burden make it challenging for investors.

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About Melbourne

Melbourne, Florida, situated along the Space Coast, is a vibrant city known for its blend of natural beauty and technological innovation. With a population of approximately 83,000 residents, Melbourne offers a unique coastal living experience. It is located about 70 miles southeast of Orlando, the closest major city, providing easy access to Orlando's extensive attractions while maintaining a quieter, more relaxed atmosphere.

Melbourne boasts several landmarks and attractions that make it appealing for short term rentals. The city is home to the beautiful Brevard Zoo (https://brevardzoo.org/),,) which offers interactive wildlife experiences and adventure activities. Visitors can also explore the Historic Downtown Melbourne (http://www.downtownmelbourne.com/),,) a charming area filled with shops, restaurants, and cultural events, offering a rich taste of local life.

For those interested in space exploration, the proximity to the Kennedy Space Center (https://www.kennedyspacecenter.com/)) is a significant draw. The center is just a short drive away and provides a fascinating insight into NASA's missions and space history.

The natural coastline, encompassing locations like the Melbourne Beach (https://www.visitspacecoast.com/melbourne-beach),,) provides stunning views and a plethora of water activities, enhancing its attractiveness for vacationers seeking both relaxation and adventure. Additionally, the Indian River Lagoon (https://www.sjrwmd.com/waterways/indian-river-lagoon/),,) one of the most biodiverse estuaries in North America, offers excellent opportunities for kayaking, fishing, and wildlife watching.

Overall, Melbourne's mix of scenic beauty, cultural offerings, and proximity to major attractions make it a compelling destination for short term rentals.

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