Melbourne Village vs Palm Shores

A side-by-side comparison of Melbourne Village and Palm Shores: population, income, housing, and more.

Melbourne Village and Palm Shores are places in Florida. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Palm Shores has the higher population (1,479 vs 753 in Melbourne Village). Melbourne Village has the higher median household income ($93,846 vs $86,563 in Palm Shores). Melbourne Village has the higher median home value ($348,600 vs $341,800 in Palm Shores).

Population, income & housing

	Melbourne Village	Palm Shores
Population	753	1,479
Median age	59.5 yrs	44.4 yrs
Median household income	$93,846	$86,563
Median home value	$348,600	$341,800
Median gross rent	$1,167	$1,050
Housing units	370	626
Homeownership rate	91.1%	89.1%
Bachelor's degree or higher	55.0%	33.6%
Unemployment rate	3.2%	1.7%

Trends (ACS 5-year, 2019–2023)

	Melbourne Village	Palm Shores
Population	814 → 753 (-7.5%)	1,226 → 1,479 (+20.6%)
Median household income	$66,250 → $93,846 (+41.7%)	$66,500 → $86,563 (+30.2%)
Median home value	$250,000 → $348,600 (+39.4%)	$214,800 → $341,800 (+59.1%)
Median gross rent	$950 → $1,167 (+22.8%)	$2,010 → $1,050 (-47.8%)

Melbourne Village

Population

814753

Median household income

$66,250$93,846

Median home value

$250,000$348,600

Median gross rent

$950$1,167

Palm Shores

Population

1,2261,479

Median household income

$66,500$86,563

Median home value

$214,800$341,800

Median gross rent

$2,010$1,050

Age & race/ethnicity

Age distribution (share)

	Melbourne Village	Palm Shores
Under 5	2.9%	7.7%
5 to 17	10.2%	11.4%
18 to 24	5.4%	8.8%
25 to 34	8.5%	13.9%
35 to 44	6.9%	10.1%
45 to 54	9.2%	16.5%
55 to 64	15.8%	13.5%
65 to 74	21.0%	11.8%
75 and over	20.1%	6.3%

Race & ethnicity (share)

	Melbourne Village	Palm Shores
White (non-Hispanic)	80.9%	67.5%
Black or African American	2.8%	3.7%
American Indian & Alaska Native	0.0%	0.0%
Asian	1.2%	2.6%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.3%
Two or more races	6.9%	5.0%
Hispanic or Latino	8.2%	21.0%

Educational attainment (age 25+)

Share of adults 25+

	Melbourne Village	Palm Shores
No high school diploma	4.7%	2.8%
High school graduate	12.4%	26.4%
Some college or associate's	27.9%	37.2%
Bachelor's degree	28.9%	23.2%
Graduate or professional degree	26.1%	10.3%

Commute to work

How workers get to work (share)

	Melbourne Village	Palm Shores
Drove alone	77.9%	78.1%
Carpooled	2.0%	4.0%
Public transit	3.2%	0.0%
Walked	0.0%	0.3%
Bicycle	0.0%	0.0%
Worked from home	16.2%	16.1%
Other means	0.8%	1.4%

Housing

Units in structure (share)

	Melbourne Village	Palm Shores
1-unit, detached	95.9%	79.2%
1-unit, attached	2.2%	0.6%
2 to 4 units	0.5%	4.8%
5 to 19 units	1.4%	0.0%
20 or more units	0.0%	0.0%
Mobile home & other	0.0%	15.3%

Poverty & households

	Melbourne Village	Palm Shores
Poverty rate	9.4%	5.9%
Average household size	2.40	2.65
Mean commute (minutes)	27	25
Median year structure built	1961	2000