ZIP Code · FL

ZIP 32951

Part of Melbourne Beach, FL

Pop. 11,299·Brevard County·48th most expensive ZIP in Florida

Median rent (all units)

$3,170/mo

Year-over-Year

Stable

Month-over-Month

-0.2%

vs US Median

+$1,238

Reported rents

Stable (Monthly)

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ZIP 32951 · $3,170

More expensive than 92% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,500

1 BR

$1,760

2 BR

$2,030

3 BR

$2,770

4 BR+

$3,140

Research median

$2,030/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($98,420) is $2,461 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,030); a 3-bedroom is $2,770.

Cheaper nearby

ZIP 32905, 8 miles away, rents for 50% less ($1,591/mo), about $18,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32951. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$38,040/yr

At $3,170/mo median

Location

CityMelbourne Beach

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 (+0.0% YoY, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 32951 (Melbourne Beach, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 56.5% of residents hold a bachelor's degree or higher.

Population

11,299

Median income

$98,420

Median age

61.7

Renters

14.6%

Age distribution

16.7%

21.3%

43.4%

Under 1810.5%

18–348%

35–5416.7%

55–6421.3%

65+43.4%

Gender

48.6%

51.4%

Male48.6%

Female51.4%

Race & ethnicity

90.1%

White90.1%

Hispanic5.2%

Asian1.8%

Other2.6%

Education (25+)

15.4%

26.1%

56.5%

No HS diploma2%

HS diploma15.4%

Some college26.1%

Bachelor's+56.5%

Housing tenure

85.4%

14.6%

Owner85.4%

Renter14.6%

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

2021 vs 2026

How ZIP 32951 in Melbourne Beach, FL has changed in 5 years

Income

$75,094 → $98,420

up 31.1%

Population

11,814 → 11,299

down 4.4%

Renter share

16.3% → 14.6%

-1.7 pts

Bachelor's+

49.8% → 56.5%

+6.7 pts

Local incomes tracked alongside that move, going from a median of $75,094 in 2021 to $98,420 more recently. The population has contracted by 4.4% since 2021, moving from about 11,814 residents to roughly 11,299. Renters now make up 14.6% of households, compared with 16.3% five years ago. College-educated residents now make up 56.5% of adults here, versus 49.8% in 2021.

Community

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Local insights

Tips for renters in ZIP 32951

About renting in ZIP 32951

Last updated: September 25, 2026

ZIP code 32951 covers Melbourne Beach, FL. The median rent here is $3,170/mo as of September 2026. A 1-bedroom rents for a median of $1,760/mo. A 2-bedroom rents for a median of $2,030/mo.

At 39% of local median household income ($98,420/yr), ZIP 32951 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32951?

To keep rent at or below 30% of gross income, you would need to earn at least $127,000/year (about $61/hour full-time) to afford the median rent of $3,170/mo in ZIP 32951. The local median household income is $98,420/yr, so the typical household falls short of that bar.