Real Estate Investing in Cocoa, Florida (32927)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32927 (Cocoa, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.1% of homes vacant — above national norms.
What’s happening in Cocoa, FL (32927)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 32927 Cocoa
The 32927 ZIP covers a section of Cocoa that demands careful diligence. Prices near $306K look accessible, but the work to make a deal cash flow is real.
The investment case in 32927 is robust only for operators who understand what they are buying. A $306K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Cocoa have seen price recovery that 32927 has not matched. Brevard County data supports the view that the spread is structural rather than temporary.
A impressive renter share of 11% in 32927 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. durable returns are possible in 32927, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Cocoa:
Property Strategy for 32927
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $213,695 | $1,570 | 5.3% | +7.5% | $106,847 |
| 3BR | $291,746 | $2,140 | 5.3% | +6.9% | $97,249 |
| 4BR | $361,309 | $2,430 | 4.8% | +6.8% | $90,327 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32927 Compare?
| Metric | 32927 | Cocoa | Palm Bay-Melbourne-Titusville, FL | Florida |
|---|---|---|---|---|
| Home Value | $305,960 | $278,623 | N/A | $374,697 |
| 5-Year CAGR | 4.2% | 4.6% | N/A | 7.4% |
| Avg Rent | $2,131 | $1,817 | N/A | - |
| Cap Rate | 5.4% | 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 32927 (Cocoa, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 32927 (Cocoa, FL)?
~25 seconds · no account needed · your report is anonymous
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 | $305,960 |
| Monthly Rent | $2,131 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.4% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | -1.3% ▼ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.4%). 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 32927
Population: 28,493
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 32927
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
Frequently Asked Questions
Does Cocoa, FL make sense for an investment property?
With a 3.0/5 investability score, Cocoa, FL ranks as a solid market for rental property investors. Median prices of $306K and rents of $2,131/mo drive the underlying numbers.
Is Cocoa, FL a friendly market for rental owners?
Cocoa, FL falls under FL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much rent can I charge in Cocoa, FL?
Rents in Cocoa, FL run near $2,131/mo. Compared with median home prices of $306K that produces solid gross yields for typical rentals.
Which investment style suits Cocoa, FL?
A careful cash-flow rentals with hands-on management strategy Cocoa, FL best. The market produces even-keeled results for that approach at the $306K price point.
Do rentals sit vacant long in Cocoa, FL?
Rental vacancy in Cocoa, FL is elevated. Investors should budget normal turnover but not chronic empty units.
You know 32927 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 32927 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 32927 ranks in Palm Bay-Melbourne-Titusville, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 32927 (Cocoa)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 32927 (Cocoa, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.