Melbourne Village market snapshot (as of June 17, 2026): the median sale price is about $440K ($234 per sq ft), a buyer-leaning market (limited data). Based on 3 recent closings in live Space Coast MLS data.
Melbourne Village is a small incorporated town in Brevard County, in the 32904 ZIP, distinct from the larger city of Melbourne that surrounds it. Founded in 1947 by the American Homesteading Foundation and incorporated in 1957 to preserve its character, it is the smallest incorporated municipality by population in Brevard County, with a few hundred homesteads.
The 4th Section is one of the town's platted areas; the marketable place is Melbourne Village itself. The town was laid out with generous residential lots on winding streets and many parks, giving it a wooded, low-density character that residents prize and that sets it apart from a typical subdivision.
Because it is a town rather than a single development, the housing stock is varied in age, size, and style, and most purchases are resale. There is no single community HOA in the subdivision sense; instead the town government and any homestead-foundation arrangements set the framework, so confirm any dues, deed terms, and town requirements for a specific property.
For buyers who want a wooded, acreage-feel lot with a distinct small-town identity, minutes from West Melbourne and Melbourne shopping and I-95, Melbourne Village is genuinely one of a kind in the area. The work is reading the lot, the trees, and an older home's condition before a list price.
