Melbourne, FL - Magnolia Park, Melbourne, FL
Melbourne, FL - Magnolia Park — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Melbourne, FL - Magnolia Park, Melbourne, Florida. Explore the cited sources and local facts below while agent underwriting continues.
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Melbourne, FL - Magnolia Park Neighborhood Overview
Magnolia Park is a residential neighborhood located in the heart of Melbourne, Florida, within the 32901 ZIP code. It offers a central location with a blend of suburban living and urban convenience. The area provides a classic Florida living experience with a diverse community of homeowners and renters.
Lifestyle & Amenities
Residents enjoy proximity to a variety of local shops, restaurants, and essential services along nearby major corridors. The neighborhood's central position provides relatively easy access to the beaches, downtown Melbourne, and the Melbourne Orlando International Airport. Community parks and green spaces offer opportunities for outdoor recreation close to home.
Real Estate Market
The real estate market in Magnolia Park features a median home value of $222,900, with a price per square foot around $231.79. The market moves at a measured pace, with homes averaging 131 days on market, and the neighborhood has a homeownership rate of 49%. Rental options are available, with a median monthly rent reported at $1,209.
Schools & Education
Families in Magnolia Park are served by the Brevard Public Schools district. The specific schools assigned to the neighborhood can vary, so prospective residents should verify current school zoning information. The area is also in close proximity to Eastern Florida State College and is within a reasonable drive to several other higher education institutions.
Transportation & Connectivity
The neighborhood is well-connected by major roads like U.S. Highway 1 and Babcock Street, facilitating travel throughout Brevard County. Public transportation is available via Space Coast Area Transit bus routes that service the broader Melbourne area. Its location provides a manageable commute to the airport, the Melbourne Central Business District, and nearby employment centers.
Why Choose Melbourne, FL - Magnolia Park
Magnolia Park presents an affordable entry point into the Melbourne housing market with its below-average median home value. Its central location is a major draw, offering a balance of residential calm and easy access to the region's amenities and employment hubs. The neighborhood suits a range of residents, from first-time homebuyers to renters, seeking a practical and connected Florida lifestyle.
Melbourne, FL - Magnolia Park 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 - Magnolia Park, Melbourne
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Melbourne, FL - Magnolia Park, 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