32951 — Melbourne Beach, FL Home Values
Typical home value $622,427 as of June 2026 · 1st of 26 in Palm Bay-Melbourne-Titusville, FL
Blue: typical home value (Zillow ZHVI) in ZIP code 32951, June 2021 to June 2026. This page shows observed data only; no forecast.
How 32951 compares in the Palm Bay-Melbourne-Titusville, FL area
ZIP code 32951 (Melbourne Beach, FL) has a typical home value of $622,427 as of June 2026, ranking 1st of 26 ZIP codes tracked in the Palm Bay-Melbourne-Titusville, FL area, the most expensive ZIP code in the metro. Prices here have moved -2.0% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +30.0%, from $478,685 in June 2021 to $622,427 in June 2026. Against observed rent, the typical home here sells for 16.7× the annual rent ($3,103/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Palm Bay-Melbourne-Titusville, FL forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Palm Bay.
Population and demographics
ZIP code 32951 has a population of 11,168, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 89.8% White, 5.4% Hispanic or Latino, 1.9% two or more races, 1.4% Asian, 1% another race, 0.4% Black or African American, and 0.1% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| ROYAL PALM CHARTER SCHOOL | 7145 BABCOCK ST NE, PALM BAY, FL | 7.4 mi |
| SUNRISE ELEMENTARY SCHOOL | 1651 MARA LOMA BLVD SE, PALM BAY, FL | 7.9 mi |
| ODYSSEY PREPARATORY CHARTER ACADEMY | 1350 WYOMING DR SE, PALM BAY, FL | 7.9 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 32951?
$622,427 as of June 2026, the latest month Zillow has published observed data for.
Is 32951 an expensive ZIP code in the Palm Bay-Melbourne-Titusville, FL area?
32951 ranks 1st of 26 ZIP codes in the Palm Bay-Melbourne-Titusville, FL area by typical home value, the most expensive ZIP code in the metro.
How much have home values in 32951 changed over the past year?
-2.0% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 32951?
The typical home price is 16.7× the observed annual rent in this ZIP code ($3,103/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 32951?
11,168, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 32951?
ROYAL PALM CHARTER SCHOOL (7.4 mi), SUNRISE ELEMENTARY SCHOOL (7.9 mi), ODYSSEY PREPARATORY CHARTER ACADEMY (7.9 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 32951?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Palm Bay-Melbourne-Titusville, FL forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.