Real Estate Investing in Satellite Beach, Florida (32937)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32937 (Satellite Beach, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.0% of homes vacant — above national norms.
What’s happening in Satellite Beach, FL (32937)?
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Market Analysis: 32937 Satellite Beach
The 32937 ZIP in Satellite Beach, FL is a local-operator market. Outside capital chasing a $500K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $500K asset, 32937 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 32937 sits on the difficult end of the FL spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
A resilient renter share of 20% in 32937 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 32937 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Satellite Beach:
Property Strategy for 32937
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $317,747 | $2,070 | 4.7% | +7.0% | $158,874 |
| 3BR | $483,924 | $2,820 | 4.2% | +7.6% | $161,308 |
| 4BR | $644,673 | $3,200 | 3.6% | +8.1% | $161,168 |
| 5BR | $1,169,860 | — | — | +9.4% | $233,972 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32937 Compare?
| Metric | 32937 | Satellite Beach | Palm Bay-Melbourne-Titusville, FL | Florida |
|---|---|---|---|---|
| Home Value | $499,548 | $499,548 | N/A | $374,697 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 7.4% |
| Avg Rent | $2,594 | $2,594 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32937 (Satellite Beach, FL). Anonymous, moderated, never written by AI.
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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 | $499,548 |
| Monthly Rent | $2,594 |
| Price-to-Rent | 16.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +1.0% ▲ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 32937
Population: 27,524
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 32937
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
Does Satellite Beach, FL make sense for an investment property?
The 3.0/5 investability rating in Satellite Beach, FL reflects its $500K prices and $2,594/mo rents. Investors generally consider it a solid option within FL.
How do landlord-tenant laws work in Satellite Beach, FL?
FL law landlord-friendly for landlords, and Satellite Beach inherits those rules. Investors should still review local ordinances for rental licensing.
Do landlords face vacancy issues in Satellite Beach, FL?
Expect elevated vacancy in Satellite Beach, FL. Rents at $2,594/mo are absorbed by the tenant base without meaningful lag.
Is Satellite Beach, FL a good market for FHA house hackers?
Satellite Beach, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,594/mo rent level.
How much do tenants pay in Satellite Beach, FL?
Expect rents around $2,594/mo per month in Satellite Beach, FL. With home values at $500K, the yield math works out to reasonable levels for rental investors.
You know 32937 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 32937 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 32937 ranks in Palm Bay-Melbourne-Titusville, FL
Every ZIP in this metro, ranked. Free.
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