ZIP Code 32950

Households in the 32950 ZIP code, near Melbourne, report a median income of $115,781, with per-capita income at $61,175. That earning level supports a median home value of $455,900, and the county's 0.68% effective property tax rate means annual property taxes land near $3,100 on such a home. Sales tax runs 7.00% on purchases. With income well above the home price ratio many buyers face, housing costs and taxes together absorb a contained share of earnings, though the sales tax applies steadily to everyday spending throughout the year.