What is the Fair Market Rent in Melbourne, FL?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,770 to $2,170 a month across the 4 ZIP codes that cover Melbourne.

By ZIP code: 32901 $1,770, 32935 $1,820, 32934 $2,170, 32903 $2,090.

Across the whole Palm Bay-Melbourne-Titusville, FL MSA the two-bedroom figure is $1,779.

The Census Bureau’s median gross rent for a two-bedroom home in Melbourne is $1,572 (±$49), below the Small Area figure for ZIP 32901.

Figures last updated on .

2 bedrooms, whole area
$1,779
2 bedrooms, ZIP 32901
$1,770
2 bedrooms, ZIP 32935
$1,820
2 bedrooms, ZIP 32934
$2,170

Fair Market Rents for Melbourne, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Palm Bay-Melbourne-Titusville, FL MSA (whole area)$1,327$1,525$1,779$2,382$2,707—
ZIP 32901 (99% of the ZIP’s land is in this place)$1,320$1,520$1,770$2,370$2,690$1,466
ZIP 32935 (92% of the ZIP’s land is in this place)$1,360$1,560$1,820$2,440$2,770$1,491
ZIP 32934 (45% of the ZIP’s land is in this place)$1,620$1,860$2,170$2,900$3,300$1,769
ZIP 32903 (25% of the ZIP’s land is in this place)$1,560$1,790$2,090$2,800$3,180$1,795

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Melbourne

What is the Section 8 payment standard in Melbourne?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Palm Bay-Melbourne-Titusville, FL MSA is $1,779, and the Small Area figure for 32901 is $1,770.

What is the Fair Market Rent for a two-bedroom in ZIP 32901?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 32901 is $1,770 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,466 (±$115).

What is the Fair Market Rent for a two-bedroom in ZIP 32935?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 32935 is $1,820 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,491 (±$62).

What is the Fair Market Rent for a two-bedroom in ZIP 32934?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 32934 is $2,170 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,769 (±$107).

What is the Fair Market Rent for a one-bedroom in Melbourne?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 32901 is $1,520 a month, against $1,525 across the Palm Bay-Melbourne-Titusville, FL MSA.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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