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ZIP Code · FL

ZIP 32904

Pop. 37,241·Brevard County·440th most expensive ZIP in Florida
Median rent (all units)
$1,907/mo
Year-over-Year
-1.0%
Month-over-Month
+0.1%
vs US Median
-$58
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 32904 · $1,907
More expensive than 55% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,540
1 BR
$1,800
2 BR
$2,080
3 BR
$2,840
4 BR+
$3,220
Research median
$2,080/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,884/yr
At $1,907/mo median
Location
StateFL
CountyBrevard County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-1.0% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 32904 (Melbourne, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 40.6% of residents hold a bachelor's degree or higher.

Population
37,241
Median income
$90,673
Median age
40.7
Renters
25.6%
Age distribution
20.3%
22.6%
24.5%
21.1%
Under 1820.3%
18–3422.6%
35–5424.5%
55–6411.5%
65+21.1%
Gender
51.5%
48.5%
Male51.5%
Female48.5%
Race & ethnicity
72.6%
14.7%
White72.6%
Black4%
Hispanic14.7%
Asian5.2%
Other3.5%
Education (25+)
21%
33.2%
40.6%
No HS diploma5.2%
HS diploma21%
Some college33.2%
Bachelor's+40.6%
Housing tenure
74.4%
25.6%
Owner74.4%
Renter25.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 32904 in Melbourne, FL has changed in 5 years

Rent
$1,494 → $1,907
up 27.6%
Income
$75,801 → $90,673
up 19.6%
Population
35,079 → 37,241
up 6.2%
Renter share
18% → 25.6%
+7.6 pts
Bachelor's+
37.5% → 40.6%
+3.1 pts
Median age
42.4 → 40.7
-1.7 yrs

Rent in ZIP 32904 in Melbourne, FL has increased 27.6% since 2021, going from about $1,494 per month to roughly $1,907 today. Median household income grew from $75,801 to $90,673 between 2021 and 2024, a 19.6% shift. Rent outpaced income growth by roughly 8.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 35,079 to 37,241 between 2021 and 2024, a 6.2% change. About 25.6% of households rent today, against 18% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 37.5% to 40.6%. Taken together, the five-year picture in ZIP 32904 in Melbourne, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 32904

Last updated: July 20, 2026

ZIP code 32904 covers Melbourne, FL. The median rent here is $1,907/mo as of July 2026. A 1-bedroom rents for a median of $1,800/mo. A 2-bedroom rents for a median of $2,080/mo.

At 25% of local median household income ($90,673/yr), ZIP 32904 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 32904?

As of July 20, 2026, the median monthly rent in ZIP 32904 (Melbourne, FL) is $1,907. This is based on aggregated data from public sources and community submissions.

How does ZIP 32904 rent compare to the US average?

ZIP 32904's median rent of $1,907/mo is $58 (3%) below the US national median of $1,965/mo.

How does ZIP 32904 compare to other ZIPs in Florida?

ZIP 32904 falls in the middle range for Florida, ranking #440 out of 662 ZIPs at $1,907/mo.

How much income do you need to rent in ZIP 32904?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,907/mo in ZIP 32904. The local median household income is $90,673/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 32904?

Rent in ZIP 32904 has decreased 1.0% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 32904 an affordable place to rent?

ZIP 32904 is considered affordable for renters. At $1,907/mo, rent takes approximately 25% of the local median household income ($90,673/yr). The standard benchmark is 30%. ZIP 32904 falls comfortably within that range.

What percentage of ZIP 32904 residents rent vs. own?

According to Census data, approximately 25.6% of ZIP 32904 households are renters, while 74.4% are owner-occupied. ZIP 32904 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 32904 compare to the rest of Melbourne?

ZIP 32904 is pricier than Melbourne as a whole. At $1,907/mo, it's $45 above the Melbourne citywide median of $1,862/mo.

When was rent data for ZIP 32904 last updated?

Rent data for ZIP 32904 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,907/mo, rent takes ~25% of ZIP 32904's median household income ($90,673/yr). The standard benchmark is 30%.

ZIP 32904 25%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 32904 (Melbourne, FL)

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