Interested in purchasing investment houses in the 32940 zip code in Melbourne, FL?
The zip code 32940 is in Brevard county with a latitude of -80.787500000000 and longitude of 28.211290000000, is in the state of Florida. The average asking price of houses and condos is $250,085.00 and the average sale price was $184,193.00. this regions is classified as the Orlando metro area and is in the 321 area code. The location in degrees is 28° 12' 40.644" N, 80° 47' 15" W. The county F.I.P.S. is 12009. This zip code contains four cities including Viera West, FL (4.94%), Viera East, FL (2.08%), Melbourne, FL (0.30%), and Palm Shores, FL (0.22%) The total land area is 130.3 square miles and the water area is 10.7 square miles. The elevation in this area is 7 - 26 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 32940 is in county number 009 and is L. Sector 16, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 42,630 in 2019 and 31,999 in 2010. Of this, the break down in 2019 was 41,151 urban and 1,478 rural. This further breaks down to 19,803 males (46.5%) and 22,828 females (53.5%). The median age of residents is 50.3 years. The population of the greater Palm Bay-Melbourne-Titusville, FL area is 558,359. The population density (people per square mile) is 327. This zip code has a combined total of 19,037 houses and condos. There are 3,060 rented appartments. 18% of residents rent versus the 18% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $78,927 and the average salary is $68,262. The median household income of individuals is $73,190.00 and the average is $101,990.00. This zip code has a mean commute time to work of 24.4 minutes. The unemployment rate is 4.4%. Income earners by percent breakdown as 28.60% (Under $50,000), 40.50% ($50,000-$100,000), and 30.80% earn over $100,000. 4.6% of residents live below poverty line versus the 12.7% in the state that are below this line. The cost of living index is 91.2. The educational breakdown is 97.5% have a high school education or higher, 48.8% have a bachelor's degree or higher, and 21.9% have some kind of profesional degree.
This area has 13,771 households and the average size is 2.5 people. Individuals who are single and have never been married are 21.1%, 56.6% are now married, 0.8% are separated, 10.0% are widowed, and 11.7% are divorced. The average yearly contribution amount given by people to charity was $3,884 versus the state average of $5,698. The percent of residents who gave to charity was 34.3%.
The estimated median value of houses and condos is $307,398. The median monthly owner costs of mortgage holders was $1,703, where as the costs for those who don't have a mortgage are $565. The median number of rooms in houses and condos are 6.4 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $2,651. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $2,035. The median housing property tax percent for residents with mortgages was 0.9% which amounted to an average tax amount of $2,731. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.8% which amounted to an average tax amount of $2,552. Reported taxable interest for persons was $1,998, dividends $6,590, capital gains +$6,567, and itemized deductions $21,850. The average earned income tax credit is $1,878. The percent of individuals that use a tax preparer is 46.0%. The total average income taxes paid by individuals was $5,268. Businesses reported an average profit of $13,309.
LongHorn Steakhouse
6691 Lake Andrew Dr, Melbourne, FL 32940
Pineda Crossing Bar & Grill
2515 Roberts Rd, Melbourne, FL 32940
Tuscany Grill
7640 N Wickham Rd, Melbourne, FL 32940
Thai Hana
6729 Colonnade Ave, Melbourne, FL 32940
Charlie & Jake's Brewery & Grill
6300 N Wickham Rd, Melbourne, FL 32940
Niki's Restaurant
6947 N Wickham Rd, Melbourne, FL 32940
Red Ginger
6300 N Wickham Rd Ste 127, Melbourne, FL 32940
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