Home Values

32904 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$177,000

  • 10.5% 1-year change
  • 3.8% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in 32904 is $177,000. 32904 home values have gone up 10.5% over the past year and Zillow predicts they will rise 3.8% within the next year. The median list price per square foot in 32904 is None, which is lower than the Melbourne Village average of $95. The median rent price in 32904 is $1,295.

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 32904 homeowners underwater on their mortgage is 19.2%.

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Relative ZHVI
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32904 Market Overview

Data through Mar 31, 2015
  • $177,000 ZHVI
  • 3.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $165,910 Median sale price (Feb 28, 2015)
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32904 Market Health

Data through Mar 31, 2015
  • 1.8/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 19.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
32934 $224,700
32950 $220,600
32940 $204,600
Name Median ZHVI
32909 $108,800
32908 $108,600
32901 $107,000
Name Median ZHVI
32907 $102,000
32935 $94,000
32905 $68,200

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $99 Median sale price / sq ft (Feb 28, 2015)
  • No data Listings with price cut
27.9%
Sold below listing
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32904 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,350 32904
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,295 Rent list price
  • $0.77 Rent list price / sq ft
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