3. Melbourne, Florida
Melbourne is an affordable beach town for retirement. The median home price among people age 60 and older is just $157,900. The Indian River Lagoon separates the mainland from a barrier island, which is a popular spot to catch glimpses of passing dolphins and sea turtles. You can visit the beach where Juan Ponce de León first landed in North America in 1513 near Melbourne Beach or observe and help protect sea turtles at the Archie Carr National Wildlife Refuge, which stretches 20.5 miles between Melbourne Beach and Wabasso Beach. Residents of Melbourne enjoy a beach retirement along the Atlantic Ocean at reasonable prices. You can take a look at mortgage rates in Florida and choose between 30-year fixed mortgage rate, 15-year fixed mortgage rate, 5/1 ARM mortgage rate, and 30-year fixed refinance rate. Here is a list of 10 best Florida mortgage lenders of 2020.
Population: 85,166
Median House Value: $157,900
Median Monthly Rent: $966
According to the most recent ACS, the racial composition of Melbourne Fl was:
- White: 78.89%
- Black or African American: 11.03%
- Two or more races: 3.89%
- Asian: 3.67%
- Other race: 2.11%
- Native American: 0.33%
- Native Hawaiian or Pacific Islander: 0.09%