Melbourne, FL - Colony West, Melbourne, FL
Melbourne, FL - Colony West — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Melbourne, FL - Colony West, Melbourne, Florida. Explore the cited sources and local facts below while agent underwriting continues.
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Melbourne, FL - Colony West Neighborhood Overview
Colony West is a residential neighborhood located in the heart of Melbourne, Florida. It offers residents a convenient and affordable living option within Brevard County. The community provides a classic Florida suburban feel with easy access to the area's major attractions and employment centers.
Lifestyle & Amenities
Residents enjoy proximity to a variety of shopping, dining, and essential services along nearby Wickham Road and U.S. Highway 1. The neighborhood is just a short drive from the Indian River Lagoon and the Atlantic Ocean beaches. This central location provides a balanced lifestyle between suburban quiet and urban convenience.
Real Estate Market
The real estate market in Colony West is active and affordable, with a median home value of $222,900. Homes sell quickly, averaging only 10 days on the market, and the price per square foot is approximately $134. The market offers a mix of ownership and rental options, with a homeownership rate of 49% and a median monthly rent of $1,209.
Schools & Education
Colony West is served by the Brevard Public Schools district. Families in the area have access to the district's range of educational programs. Prospective residents are encouraged to contact the district for specific school zoning and performance information.
Transportation & Connectivity
The neighborhood benefits from excellent connectivity via major roads like Wickham Road and U.S. Highway 1. This provides straightforward access to downtown Melbourne, the Melbourne Orlando International Airport (MLB), and major employers along the Space Coast. The central location makes commuting by car throughout Brevard County relatively efficient.
Why Choose Melbourne, FL - Colony West
Colony West is an ideal choice for buyers and renters seeking an affordable, centrally-located neighborhood in Melbourne. Its fast-moving market and lower price point offer great value within the region. The combination of suburban living, quick beach access, and a median household income of $47,115 makes it a practical and attractive community for many.
Melbourne, FL - Colony West Market Data
| Metric | Value |
|---|---|
| Median Home Price | $223K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $47K |
| Homeownership Rate | 49.2% |
| Renter-Occupied | 50.8% |
| Rental Vacancy Rate | 7.1% |
| Market Type | Buyer's |
| Market Tier | Mid-Market |
| Primary ZIP Code | 32901 |
Top Real Estate Agents in Melbourne, FL - Colony West, Melbourne
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Melbourne, FL - Colony West, Melbourne, FL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Florida Department of Business & Professional Regulation (DBPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12