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Melbourne, FL New Homes Under $300K

6 Communities

Palm Bay by Focus Homes in Melbourne Florida
Home in Palm Bay by Focus Homes
Home in Palm Bay by Focus Homes
Up to $30,000

$246,990 - $286,990

Palm Bay

Palm Bay, FL 32909

6 Floor Plans

Focus Homes

Palm Bay Spot Lots by Christopher Alan Homes in Melbourne Florida
Home in Palm Bay Spot Lots by Christopher Alan Homes
Home in Palm Bay Spot Lots by Christopher Alan Homes
Up to $38,000

$294,990 - $364,990

Palm Bay Spot Lots

Palm Bay, FL 32905

Hot Deal

Christopher Alan Homes

The Gardens at Waterstone by Landsea Homes in Melbourne Florida
Home in The Gardens at Waterstone by Landsea Homes
Home in The Gardens at Waterstone by Landsea Homes
Up to $30,000

$299,990 - $414,990

The Gardens at Waterstone

Palm Bay, FL 32909

4 Floor Plans

Hot Deal

Landsea Homes

Tillman Lakes - The Palms by Lennar in Melbourne Florida
Home in Tillman Lakes - The Palms by Lennar
Home in Tillman Lakes - The Palms by Lennar
Up to $20,000

$295,990 - $405,140

Tillman Lakes - The Palms

Palm Bay, FL 32908

2 Homes

3 Floor Plans

Lennar

3.7

Cypress Bay by D.R. Horton in Melbourne Florida
Cypress Bay by D.R. Horton in Melbourne Florida

$295,990 - $394,990

Cypress Bay

Palm Bay, FL 32909

6 Floor Plans

D.R. Horton

Morrow Place at Indian River Preserve by D.R. Horton in Melbourne Florida
Morrow Place at Indian River Preserve by D.R. Horton in Melbourne Florida

$299,990 - $319,990

Morrow Place at Indian River Preserve

Mims, FL 32754

2 Floor Plans

D.R. Horton

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Market Snapshot

New Home Cities in Melbourne

CityCommunitiesAverage New Home Price
Palm Bay24$372,544
Melbourne4$645,895
Merritt Island3$615,798
Titusville2$405,262
Viera2$595,150
Malabar1$647,490
Satellite Beach1$957,400
Cocoa1$405,370

Melbourne features many of the best home builder communities in Florida, but finding lower priced homes has become increasingly difficult. In the last few years, the cost of building a new home in Melbourne has increased substantially. Despite the rising trend of housing prices, it’s still possible to design and build an affordable home in the Melbourne area. In fact, there are 6 communities and 5 builders in Melbourne with homes starting at under $300K.

How to Find Homes in Melbourne for Less than $300K?

Many builders recognize there is growing demand in the Melbourne area for homes under the $300k price point and often have a few floor plans available, but these may be in limited supply. To ensure affordability without compromising on the quality of the home, builders may utilize value engineering techniques to reduce the cost of construction and keep the price of the home as low as possible. This may include building on a smaller lot or utilizing standard-sized materials, such as windows and doors, that provide high-value for the cost. The results are delivering similar quality at lower prices.