Cost of living in West Melbourne, FL — Housing, Rent & Index

The median home value in West Melbourne, FL is $373,019 as of 2026-04. That places West Melbourne near the US average for housing cost, with a cost index of approximately 105 versus a national baseline of 100.

Over the past 12 months, the median home value in West Melbourne has fallen 2.9%, and over the past five years it has averaged +4.4% annual growth. The current price sits -8.2% from its 5-year peak in 2022-08.

Renters pay a median of $1,863 per month in West Melbourne. Rents have changed -0.4% over the last year and averaged +5.6% per year over five years.

Beyond housing, day-to-day costs in West Melbourne are shaped by state and local taxes, utility rates, transportation, and groceries. This page focuses on the housing component, which is the largest single line in most household budgets and the easiest to compare across cities using consistent national data.