RentYield Atlas

ZIP 32934 — Melbourne, FL: rental yield & market data

Gross rental yield of 4.29% — ranked #653 of 687 Florida ZIP codes. June 2026 data.

Gross rental yield
4.29%
Home value
$496,294
Market rent / mo
$1,775
Price-to-rent
23.3

Trend

Metric1-year change5-year change
Home value-1.0% +26.7%
Market rent+2.3%

Metro: Palm Bay-Melbourne-Titusville, FL · County: Brevard County · Annual rent: $21,300

Comparable ZIP codes in Florida

Similar home values, sorted by yield — the cheapest way to see if 32934 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
33931Fort Myers BeachFL$495,854$6,61416.01%6.2-5.2%
33428Boca RatonFL$493,617$2,7366.65%15.0-1.0%
34239SarasotaFL$498,632$2,2465.40%18.5-3.2%
32940MelbourneFL$492,277$2,1805.31%18.8-2.4%
32765OviedoFL$493,994$2,1395.20%19.2-1.2%
34275NokomisFL$501,327$2,1045.04%19.9-5.9%
34238SarasotaFL$498,084$1,9954.81%20.8-6.2%
32233JacksonvilleFL$495,374$1,9034.61%21.7-0.5%

Top rental yields in all of Florida →

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