Zip Code

32940

City

Melbourne, FL

Population & Migration

What is the forecasted population for Zip code 32940 Melbourne, FL?

Population census 2020
43,046
Forecasted population 2025
50,754
17.9% vs. 2020
Forecasted population 2030
53,761
24.9% vs. 2020

Zip code 32940 Melbourne, FL population is forecasted to grow 17.9% by 2025 (13.2 points above the 4.7% national average).

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Housing and Affordability

With a forecasted population of 50,754 people for 2025 zip code 32940 Melbourne, FL will generate a good demand for housing, which is expected to have a deficit of 4,780 houses for 2030. Vacancy rate is 4.4 points below national US average.

Total homes available 2020
19,205
Estimated total home demand in 2030
23,985
Total homes balance inventory
4,780

Average Household Income in zip code 32940 Melbourne, FL
from Internal Revenue Service

Average household income in 2021
$116,129

Affordability

Affordability Index
3

Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5

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Drinking water violations

How is the quality of drinking water in Zip code 32940 Melbourne, FL?

County total number of drinking water violations

440

+90%

232

County total number of drinking water contaminations

71

+223%

22

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