ZIP 32904 — Melbourne, FL: rental yield & market data
Gross rental yield of 6.02% — ranked #483 of 687 Florida ZIP codes. June 2026 data.
Gross rental yield
6.02%
Home value
$379,862
Market rent / mo
$1,907
Price-to-rent
16.6
Trend
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -2.0% | +19.4% |
| Market rent | +1.0% | +27.1% |
Metro: Palm Bay-Melbourne-Titusville, FL · County: Brevard County · Annual rent: $22,884
Comparable ZIP codes in Florida
Similar home values, sorted by yield — the cheapest way to see if 32904 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 33034 | Florida City | FL | $381,926 | $2,349 | 7.38% | 13.5 | -4.4% |
| 32713 | Debary | FL | $380,712 | $2,277 | 7.18% | 13.9 | -1.4% |
| 33020 | Hollywood | FL | $378,534 | $2,165 | 6.86% | 14.6 | -4.5% |
| 33912 | Fort Myers | FL | $380,920 | $2,037 | 6.42% | 15.6 | -5.3% |
| 34655 | New Port Richey | FL | $380,021 | $1,947 | 6.15% | 16.3 | -3.1% |
| 33559 | Lutz | FL | $378,841 | $1,943 | 6.15% | 16.2 | -2.1% |
| 33634 | Tampa | FL | $379,248 | $1,774 | 5.61% | 17.8 | -0.2% |
| 32225 | Jacksonville | FL | $381,922 | $1,715 | 5.39% | 18.6 | -0.2% |
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