Performance indicators for the Melbourne short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Melbourne.
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Challenging to Investors
Clarity of legality is missing for the City of Melbourne itself, and surrounding rules are strict: West Melbourne bans rentals under one week; Melbourne Beach requires registration, inspections, safety and parking rules, occupancy caps, and 24/7 responsible parties. This uncertainty and compliance burden make it challenging for investors.
Local STR Agent
STR specialist · Melbourne, FL
Melbourne, Florida, situated along the Space Coast, is a vibrant city known for its blend of natural beauty and technological innovation. With a population of approximately 83,000 residents, Melbourne offers a unique coastal living experience. It is located about 70 miles southeast of Orlando, the closest major city, providing easy access to Orlando's extensive attractions while maintaining a quieter, more relaxed atmosphere.
Melbourne boasts several landmarks and attractions that make it appealing for short term rentals. The city is home to the beautiful Brevard Zoo (https://brevardzoo.org/),,) which offers interactive wildlife experiences and adventure activities. Visitors can also explore the Historic Downtown Melbourne (http://www.downtownmelbourne.com/),,) a charming area filled with shops, restaurants, and cultural events, offering a rich taste of local life.
For those interested in space exploration, the proximity to the Kennedy Space Center (https://www.kennedyspacecenter.com/)) is a significant draw. The center is just a short drive away and provides a fascinating insight into NASA's missions and space history.
The natural coastline, encompassing locations like the Melbourne Beach (https://www.visitspacecoast.com/melbourne-beach),,) provides stunning views and a plethora of water activities, enhancing its attractiveness for vacationers seeking both relaxation and adventure. Additionally, the Indian River Lagoon (https://www.sjrwmd.com/waterways/indian-river-lagoon/),,) one of the most biodiverse estuaries in North America, offers excellent opportunities for kayaking, fishing, and wildlife watching.
Overall, Melbourne's mix of scenic beauty, cultural offerings, and proximity to major attractions make it a compelling destination for short term rentals.
