Melbourne, FL · standard
ZIP Code 32940
Brevard County, Florida - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 31,999
- 95/sq mi Moderate-density area
- $110,495
- Median income Above-median income area
- $467,000
- Median home value Above-median home value
- 52.2%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Melbourne pairs an upper-quartile household income with upper-quartile home values, in a rural, homeowner-dominated area.
- Top 13%
- household income, US ZIPs
- Top 15%
- home value, US ZIPs
- 95
- people per sq mi
- 84%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 32940 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 32940 (Melbourne, FL) rose +6.2% from 2023 to 2024. The all-transactions index moved from 302.8 in 2023 to 321.6 in 2024 (2000 = 100).
ZIP code 32940 is a densely settled ZIP (a standard USPS delivery area) in Melbourne, Brevard County, Florida, with 31,999 residents across 337.2 square miles, a density of 95 people per square mile, in the New York time zone.
ZIP 32940 skews affluent, with a median household income of $110,495 (43% above the average Florida ZIP), while per-capita income is $56,246. Both reported hardship measures are comparatively low in absolute terms: poverty is 3.7% and unemployment is 3.7%. Housing is both higher-cost and owner-heavy: median home value is $467,000 (24% above the average Florida ZIP), while 84.2% of occupied homes are owner-occupied and median rent is $2,044.
This is a highly-educated ZIP: 52.2% of adults hold a bachelor's degree or higher, the median age is 48.3, and the average commute is 25 minutes. The page also surfaces 5 ZIP codes within roughly 10 miles and 6 more in Brevard County, so 32940 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 32940
Top 5 sectors by establishment count in Melbourne, FL
Which industries have the most business establishments in ZIP 32940.
- Health care and social assistance
Health care and social assistance
231 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
210 establishments
- Retail trade
Retail trade
162 establishments
- Accommodation and food services
Accommodation and food services
127 establishments
- Finance and insurance
Finance and insurance
118 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 32940, Melbourne, FL · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
31,999
Population
337.2
Area (sq mi)
95
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 32940?
48.3
Median Age
49.3%
Male
50.7%
Female
12.0%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$110,495
Median Household Income
+43% vs state ZIP avg
$56,246
Per Capita Income
3.7%
Poverty Rate
3.7%
Unemployment Rate
25.1 min
Mean Commute Time
How ZIP 32940 ranks nationally
Melbourne, FL household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$110,495 Top 13% higher than 87% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
22,608housing units
22,608
Total Housing Units
21,274
Occupied Units
1,334
Vacant Units
2.41
Avg Household Size
Occupancy Type
$467,000
Median Home Value
+24% vs state ZIP avg
$2,044
Median Rent
2003
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+6.2%
YoY Change (2024)
322
HPI Index (2000 = 100)
+222%
Total Change Since 2000
Home values in ZIP 32940 have increased 6.2% over the past year (2024). Since 2000, this ZIP has seen +222% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +11.2% | 205 |
| 2021 | +11.4% | 229 |
| 2022 | +12.2% | 257 |
| 2023 | +18.0% | 303 |
| 2024 | +6.2% | 322 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 1,317 business establishments in ZIP 32940, employing approximately 17,451 people with a combined annual payroll of $887,201,000.
1,317
Businesses
17,451
Employees
$887.2M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 231 | 17.5% |
| Professional, scientific, and technical services | 210 | 15.9% |
| Retail trade | 162 | 12.3% |
| Accommodation and food services | 127 | 9.6% |
| Finance and insurance | 118 | 9.0% |
| Other services (except public administration) | 106 | 8.1% |
| Real estate and rental and leasing | 101 | 7.7% |
| Administrative and support and waste management and remediation services | 73 | 5.5% |
| Construction | 56 | 4.3% |
| Wholesale trade | 34 | 2.6% |
| Information | 23 | 1.8% |
| Arts, entertainment, and recreation | 22 | 1.7% |
| Educational services | 19 | 1.4% |
| Manufacturing | 18 | 1.4% |
| Transportation and warehousing | 13 | 1.0% |
| Management of companies and enterprises | 3 | 0.2% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 32940 vs 32955 →
ZIP 32940 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 32935
Melbourne (32935)
39,082 residents
- 32955
Rockledge (32955)
36,374 residents
- 32940
Melbourne (32940)
31,999 residents
- 32904
Melbourne (32904)
26,710 residents
- 32952
Merritt Island (32952)
19,881 residents
- 32934
Melbourne (32934)
17,338 residents
What this shows Among its immediate neighbors, ZIP 32940 ranks #3 by population - useful context the national average alone can't give.
ZIP 32940 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 32940
Melbourne (32940)
$110,495 median income
- 32934
Melbourne (32934)
$104,369 median income
- 32952
Merritt Island (32952)
$102,726 median income
- 32904
Melbourne (32904)
$90,673 median income
- 32955
Rockledge (32955)
$86,457 median income
- 32935
Melbourne (32935)
$64,588 median income
What this shows By household income, ZIP 32940 ranks the highest of 6 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 32940, both outside FL so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (31,999 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Brevard County
Related Areas
Frequently Asked Questions
What county is ZIP code 32940 in?
ZIP code 32940 (Melbourne) is located in Brevard County, Florida. Brevard County contains multiple ZIP codes, see the full list at /counties/brevard-fl.
What is the population of ZIP code 32940?
ZIP code 32940 in Melbourne, FL has a population of 31,999 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 32940?
The median household income in ZIP 32940 is $110,495, which is 45% above the national average of $76,288.
What is the average home value in ZIP 32940?
The median home value in ZIP 32940 is $467,000, which is 68% above the national average of $278,155.
What is the demographic makeup of ZIP 32940?
The largest racial group in ZIP 32940 is White at 79.1%. Hispanic or Latino residents make up 11.0% of the population.
How many businesses are in ZIP code 32940?
ZIP code 32940 has 1,317 business establishments employing approximately 17,451 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 32940?
The top industries by establishment count in ZIP 32940 are: Health care and social assistance (231), Professional, scientific, and technical services (210), Retail trade (162). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 32940?
According to the FHFA House Price Index, home values in ZIP 32940 increased by 6.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 222%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 32940?
In ZIP code 32940, 66.6% of residents aged 25+ have a high school diploma or higher, and 52.2% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 32940?
The mean commute time for workers in ZIP code 32940 is 25.1 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 32940?
In ZIP code 32940, approximately 84.2% of occupied housing units are owner-occupied and 15.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 32940?
The poverty rate in ZIP code 32940 is 3.7% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 32940's numbers, next.
- See how ZIP 32940 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Melbourne, FL ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.