Real Estate Investing in Cocoa, Florida (32922)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32922 (Cocoa, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 21.8% of homes vacant — above national norms.
What’s happening in Cocoa, FL (32922)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32922 Cocoa
The 32922 ZIP covers a section of Cocoa that demands careful diligence. Prices near $202K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $202K asset, 32922 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within FL, ZIP 32922 trails on several market indicators that neighboring Brevard County submarkets outperform. The gap is real and durable enough to shape underwriting.
From a cash-flow lens, 15,510 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Cocoa:
Property Strategy for 32922
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $128,625 | $1,290 | 7.2% | +7.0% | $64,313 |
| 3BR | $202,118 | $1,760 | 6.3% | +7.5% | $67,373 |
| 4BR | $281,374 | $2,000 | 5.1% | +7.5% | $70,344 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32922 Compare?
| Metric | 32922 | Cocoa | Palm Bay-Melbourne-Titusville, FL | Florida |
|---|---|---|---|---|
| Home Value | $201,588 | $278,623 | N/A | $374,697 |
| 5-Year CAGR | 5.3% | 4.6% | N/A | 7.4% |
| Avg Rent | $1,332 | $1,817 | N/A | - |
| Cap Rate | 5.2% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32922 (Cocoa, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 32922 (Cocoa, FL)?
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Property managers serving Brevard County
Manage rentals here? List your business →Solutions Property Management LLC offers residential, multi-family, commercial, and community association property management services in Melbourne, including marketing, tenant screening, rent collect summary from their website
Aamerican Property Management provides services for renters, including rental FAQs, online applications, online payments, and maintenance requests. summary from their website
All Brevard Property Management is a property management company. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $201,588 |
| Monthly Rent | $1,332 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.2% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +12.7% ▲ |
🏠 Rent Trends
| 1-Year | -2.6% ▼ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 32922
Population: 15,510
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 32922
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,610 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Cocoa, FL a good investment right now?
Cocoa, FL scores 3.0/5 for investability. Home values sit at $202K and rents near $1,332/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What kind of tenants rent in Cocoa, FL?
Tenant quality in Cocoa, FL ranks as solid. Landlords generally report consistent occupancy at market rents of $1,332/mo.
What are vacancy rates like in Cocoa, FL?
Vacancy in Cocoa, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,332/mo.
Can I house hack in Cocoa, FL?
Cocoa, FL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $202K price point reasonable to enter.
How strong are rents in Cocoa, FL?
Investors in Cocoa, FL typically see rents near $1,332/mo per month against $202K home values - a solid setup for rental cash flow.
You know 32922 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 32922 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 32922 ranks in Palm Bay-Melbourne-Titusville, FL
Every ZIP in this metro, ranked. Free.
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Community Ratings
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