Let’s talk about Brevard County, which is a beautiful coastal area where rockets take off. The real estate market there is also very active. If you want to buy your dream home, sell your beach bungalow, or just invest in Brevard real estate, you need to know what the current trends are.
Brevard County’s Real Estate Landscape
Geographical and Demographic Overview
Brevard County is on the east coast of Florida. It has towns like Cocoa Beach, Melbourne, and Titusville that line the Atlantic Ocean. It’s home to the Kennedy Space Center, a booming aerospace industry, and more and more retirees, families, and people who work from home.
Popular Cities in the County
- Melbourne is great for families and young professionals
- Palm Bay – Has affordable homes
- Cocoa Beach is a great place to live if you want to be near the water.
- The city of Titusville is becoming a rising star for investors.
Median Home Price Snapshot
As of early 2025, the average home price in Brevard County is around $375,000. This is a little more than last year, but it’s still less expensive than big cities like Miami or Orlando.
Current Market Snapshot (2024-2025)
Home Prices – Are They Rising or Falling?
Prices have stopped going up after a huge rise after the pandemic. While prices aren’t going up quickly, homes are still going up in value—it’s just taking longer. In fact, that’s good news for both buyers and sellers. It means the market is more stable.
Inventory Levels – Low, High, or Balanced?
Inventory is low but getting better. A few more homes are on the market now than in 2023, which gives buyers a little more time. But homes that cost less than $350,000 are selling very quickly.
Days on Market Trends
Homes are selling in less than 30 days in popular areas like Viera and Rockledge. In more rural areas, on the other hand, listings may sit for 45 to 60 days.
Buyer Trends
First-Time Buyers vs. Relocators
A good mix of the two. A lot of buyers are moving from states with high prices, like California and New York. People who are buying their first home are usually looking for townhomes or smaller single-family homes that are close to schools and shopping centers.
What Buyers Are Looking For
Smart Homes
Smart thermostats, cameras, and assistants that you can talk to are quickly becoming must-haves.
Waterfront Properties
Homes on the beach are still very popular, especially ones that could be used as Airbnbs or have views of the sunrise.
Seller Trends
Listing Prices and Motivation
People who are selling still want to get high prices, often based on peak prices in 2021 and 2022. A more balanced market, on the other hand, is making smart sellers start to offer incentives like covering the closing costs.
Common Renovations Before Selling
Changes to the kitchen and bathroom are still very popular. But recently, buyers are paying more attention to eco-friendly updates like solar panels and windows that use less energy.
Interest Rates and Financing Impact
Mortgage Rate Fluctuations
Rates have gone up to between 6.5 and 7%, which has stopped people from buying so quickly. But compared to trends across the country, Brevard is still doing pretty well.
Loan Types Trending in the County
A lot of people use FHA and VA loans, especially young people and military families. People who think interest rates will go down in the future are also becoming more interested in adjustable-rate mortgages (ARMs).
Rental Market Insights
Rent Price Changes
It’s still expensive to rent, especially in the city center and along the coast. A good two- or three-bedroom apartment will cost between $1,800 and $2,000.
Demand for Short-Term Rentals
There are a lot of tourists coming to the Space Coast, which is great for Airbnb and vacation rentals. There are a lot of people at Cocoa Beach.
Construction and New Development
Where New Homes Are Being Built
Palm Bay and West Melbourne are getting bigger really quickly. There are a lot of new subdivisions and planned communities popping up. They have modern features and reasonable prices.
Impact of Zoning and Permits
To help growth, county officials are making zoning laws easier to understand, but there are still a lot of requests for permits.
Economic Influences on the Housing Market
Job Growth and Industry Trends
NASA, SpaceX, and defense contractors have made the Space Coast very successful. More people want to live near work hubs because of all the high-paying jobs that are opening up.
Tech Sector and Space Coast Boom
As more tech companies move here, entrepreneurs and people who work from home will need to find housing.
Seasonal Patterns in Brevard County
Best Time to Buy or Sell
Spring and early summer are the busiest times, when more homes are for sale and homes sell faster. In general, fall and winter are less busy times, which can be helpful for negotiating.
Tourist Season’s Influence on Market Activity
Tourists make more short-term rentals available, and prices can go up during certain times of the year, especially in beach towns.
Real Estate Agent Insights
Local Realtor Opinions
Agents are hopeful but also realistic. If buyers want to move quickly, they say to get pre-approved early and for sellers, set a price that is competitive.
Hot Neighborhoods to Watch
- Vivia is a hot neighborhood to watch because it has high-end homes and great schools.
- West Melbourne: Options at low prices and fast growth
- Cocoa Village has both old-fashioned charm and modern conveniences.
Affordable Housing and Government Programs
Housing Assistance Initiatives
Brevard has started a number of programs to help low-income families, such as giving them housing vouchers and helping them pay their rent.
First-Time Buyer Incentives
State and federal programs, such as Florida Hometown Heroes, help with the down payment and offer good loan terms.
Future Predictions
Forecast for the Next 12 Months
Once interest rates level off, prices will likely go up by 2% to 4% and more homes will be listed. The year looks like it will be fair.
Long-Term Growth Potential
Brevard County looks like a good place to invest in real estate for the long term because the population is still growing and the tech industry is growing.
Conclusion
The housing market in Brevard County is changing in a healthy way. It’s not a crazy seller’s market like it was in 2021, but it’s also not a slump either. Brevard continues to draw a wide range of people, from retirees to rocket scientists, with its coastal charm, tech-driven job growth, and wide range of housing options.
FAQs
What is the average home price in Brevard County right now?
As of early 2025, the average price of a home is around $375,000. This can change depending on the area and type of home.
Is Brevard County in a buyer’s or seller’s market?
The market is even right now, but there are still price ranges that lean toward sellers.
Which neighborhoods are the most affordable?
The best deals for buyers on a budget can be found in Palm Bay, Titusville, and some parts of West Melbourne.
How are interest rates impacting the market?
Higher rates have slowed down some buyers, but they haven’t caused prices to drop, so Brevard is still stable.
Is it a good time to invest in rental property in Brevard?
Yes, especially in places like Cocoa Beach and Cape Canaveral that get a lot of tourists. Short-term rentals are very popular there.