Most Affordable ZIP Codes in Palm Bay-Melbourne-Titusville, FL (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 32922 | Cocoa, FL | $201,588 | $1,332 | 5.16% | 5.3% |
| 2 | 32976 | Micco, FL | $221,805 | $1,413 | 4.97% | 1.6% |
| 3 | 32905 | Palm Bay, FL | $234,776 | $1,590 | 5.28% | 3.5% |
| 4 | 32901 | Melbourne, FL | $269,079 | $1,707 | 4.95% | 3.5% |
| 5 | 32935 | Melbourne, FL | $270,403 | $1,587 | 4.58% | 3.8% |
| 6 | 32796 | Titusville, FL | $275,290 | $1,612 | 4.57% | 4.6% |
| 7 | 32780 | Titusville, FL | $277,135 | $1,619 | 4.56% | 4.2% |
| 8 | 32907 | Palm Bay, FL | $304,197 | $2,139 | 5.49% | 3.7% |
| 9 | 32927 | Cocoa, FL | $305,960 | $2,131 | 5.43% | 4.2% |
| 10 | 32920 | Cape Canaveral, FL | $316,649 | $2,001 | 4.93% | 2.6% |
| 11 | 32909 | Palm Bay, FL | $319,759 | $2,013 | 4.91% | 3.9% |
| 12 | 32908 | Palm Bay, FL | $320,296 | $2,089 | 5.09% | 4.4% |
| 13 | 32926 | Cocoa, FL | $328,320 | $1,988 | 4.72% | 4.3% |
| 14 | 32955 | Rockledge, FL | $373,924 | $1,924 | 4.01% | 4.2% |
| 15 | 32904 | Melbourne, FL | $379,453 | $1,920 | 3.95% | 3.7% |
| 16 | 32754 | Mims, FL | $388,737 | $1,242 | 2.49% | 5.1% |
| 17 | 32953 | Merritt Island, FL | $426,993 | $2,235 | 4.08% | 3.8% |
| 18 | 32952 | Merritt Island, FL | $440,415 | $2,328 | 4.12% | 4.0% |
| 19 | 32931 | Cocoa Beach, FL | $460,529 | $2,292 | 3.88% | 3.5% |
| 20 | 32940 | Melbourne, FL | $492,859 | $2,182 | 3.45% | 4.7% |
| 21 | 32934 | Melbourne, FL | $496,326 | $1,653 | 2.60% | 4.8% |
| 22 | 32937 | Satellite Beach, FL | $499,548 | $2,594 | 4.05% | 4.3% |
| 23 | 32949 | Grant-Valkaria, FL | $518,767 | $1,674 | 2.52% | 6.3% |
| 24 | 32950 | Malabar, FL | $560,975 | $1,890 | 2.63% | 6.1% |
| 25 | 32903 | Indialantic, FL | $566,078 | $2,644 | 3.64% | 3.9% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Palm Bay-Melbourne-Titusville, FL · Appreciation in Palm Bay-Melbourne-Titusville, FL
Or see the full Palm Bay-Melbourne-Titusville, FL metro profile.