| ZIP Code | 32940 |
|---|---|
| City | Melbourne |
| State | Florida (FL) |
| County | Brevard County |
| Area Code | 321/689 |
| Elevation | 27 ft |
| Latitude | 28.210691 |
|---|---|
| Longitude | -80.750596 |
| Timezone | New York (DST) |
| FIPS | 12009 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.1 yrs ↓ 3% since 2019 |
|---|---|
| Avg Household Size | 2.42 |
| Below Poverty | 3.4% ▼ 66% below avg |
| College Grads | 63.7% ▲ 64% above avg |
| Unemployment | 4.2% ▼ 14% below avg |
| No HS Diploma | 252 (0.7%) |
| HS Graduate | 5,542 (15.8%) |
| Some College | 2,877 (8.2%) |
| Associates | 4,105 (11.7%) |
| Bachelors | 4,503 (12.8%) |
| Graduate Degree | 17,867 (50.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $106,511 ▲ 40% above avg ↑ 48% since 2019 |
|---|---|
| Median Home Value | $444,100 ▲ 59% above avg ↑ 60% since 2019 |
| Home/Income Ratio | 4.2x (nat avg ~3.5x) |
| Median Rent | $1,904/mo ↑ 30% since 2019 |
| Total Units | 21,433 |
| Vacant Units | 1,227 |
| Avg HH Size | 2.42 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 21,433 |
|---|---|
| Vacant | 1,227 |
| Owner Occupied | 84.3% |
| Renter Occupied | 15.7% |
| Avg HH Size | 2.42 |
ZIP code 32940 is located in Melbourne, Florida, within Brevard County. With a population of 49,288, this is a highly populated ZIP code with a mature community — the median age is 48.1 years. Economically, 32940 is a upper-middle-income ZIP code: the median household income of $106,511 is above the national average.
Real estate in ZIP code 32940 represents a premium housing market. The median home value of $444,100 is significantly above the national average. Renters can expect to pay around $1,904 per month in median rent. Homeownership is strong here — 84.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 60% since 2019.
The population of 32940 is primarily White (76.94%). Residents are highly educated — 63.7% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 3.4%. Household income has grown by 48% since 2019.
The unemployment rate in 32940 stands at 4.2%, which is near the national average. About 18% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 75%.
Overall, ZIP code 32940 in Melbourne, FL is characterized as upper-middle-income, highly educated, a mature community, and predominantly owner-occupied. With 49,288 residents, a median household income of $106,511, and a median home value of $444,100, it offers a clear picture of life in this part of Florida.