www.zillow.com/research/

DECEMBER2018 Melbourne Metro

National Rents

Current: $1,460Monthly Change: 0.8%Annual Change: 1.4%

Melbourne Metro Rents

Current: $1,431Monthly Change: 1.2%Annual Change: 2.7%

Breakeven Horizon1.6 years

Major Cities - Rents

MelbourneCurrent: $1,372Monthly Change: 1.3%Annual Change: 4.3%Breakeven Horizon: 1.6 years

Palm BayCurrent: $1,329Monthly Change: 0.9%Annual Change: 5.5%Breakeven Horizon: 1.3 years

TitusvilleCurrent: $1,253Monthly Change: 1%Annual Change: 4.5%Breakeven Horizon: 1.1 years

West MelbourneCurrent: $1,590Monthly Change: 1.4%Annual Change: 7.7%Breakeven Horizon: 1.7 years

Satellite BeachCurrent: $1,908Monthly Change: -0.6%Annual Change: 5.2%Breakeven Horizon: 2 years

Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community

City ZRI Year-over-Year-3.8% -3.7% - -3.1% 3.0% - 3.6% 3.7% - 4.5% 4.6% - 5.2% 5.3% - 6.0% 6.1% - 7.7%

Metro Cities: Top/Bottom by Annual Rent AppreciationTop:West Melbourne 7.7%

Cocoa Beach 7%

Indian Harbour Beach 6%

Cape Canaveral 5.6%

Palm Bay 5.5%

Bottom:Micco -3.8%

Grant-Valkaria -3.1%

Indialantic 3%

Malabar 3.2%

Mims 3.6%

Metro Neighborhoods: Top/Bottom by Annual Rent AppreciationTop:South Patrick Shores 4.6%

Bottom:South Patrick Shores 4.6%

How do we measure rents? To track rents, we use the Zillow Rent Index (ZRI). The

ZRI is the midpoint of estimated rents in a given region. Half the estimated rental prices

are above this number and half are below.

What is the Breakeven Horizon? The Breakeven Horizon in the number of years you

must live in a home before owning the same home becomes more financially advantageous

than renting the home. For example, if ’City X’ had a Breakeven Horizon of 5.5 years,

it is financially better for you to rent in ’City X’ unless you plan on living there for more

than 5.5 years.

DECEMBER2018

*Top cities and neighborhoods by size within the metro are listed. Additional counties, cities, neighborhoods and zip codes may be available online at

www.zillow.com/research/data or by emailing press@zillow.com

Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.

www.zillow.com/research/

Largest Cities Covered by Zillow

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Cape Canaveral 1.7 1,522 5.6 1,700 1.3Cocoa Beach 3.1 1,752 7 1,900 1.5Grant-Valkaria 1,805 -3.1 1Indialantic 2.4 2,278 3 1.3Indian Harbour Beach 1.8 1,860 6 1.2June Park 1.7 1,503 5.1 1Malabar 3 1,750 3.2 0.9Melbourne 1.6 1,372 4.3 1,500 1Melbourne Beach 2.3 2,075 4.8 1.4Micco 1.3 1,343 -3.8 1.1Mims 1,448 3.6Palm Bay 1.3 1,329 5.5 1,340 0.9Satellite Beach 2 1,908 5.2 2,200 1.2Titusville 1.1 1,253 4.5 1,100 0.9West Melbourne 1.7 1,590 7.7 1,700 0.9

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North Augusta 1.6 1,156 1.5 0.7Tignall 1,155 3.8 0.8Trenton 1.1 945 1.4 0.7Windsor 902 8.3 0.8

Largest Neighborhoods Covered by Zillow

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Angel City 1.8South Patrick Shores 1.9 1,695 4.6 1.3

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