Real Estate Investing in Cocoa Beach, Florida (32931)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32931 (Cocoa Beach, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 32.1% of homes vacant — above national norms.
What’s happening in Cocoa Beach, FL (32931)?
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Market Analysis: 32931 Cocoa Beach
Investors eyeing 32931 need to respect the fundamentals at play. Home values of $461K come alongside slower price movement and elevated management overhead.
The investment case in 32931 is durable only for operators who understand what they are buying. A $461K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader FL picture, 32931 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
On the rental side, 13,893 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.
The right play in 32931 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Cocoa Beach:
Property Strategy for 32931
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $204,573 | $1,610 | 5.7% | — | $204,573 |
| 2BR | $340,734 | $1,860 | 3.9% | +6.1% | $170,367 |
| 3BR | $626,003 | $2,540 | 2.9% | +7.9% | $208,668 |
| 4BR | $917,165 | $2,880 | 2.3% | +8.9% | $229,291 |
| 5BR | $1,416,741 | — | — | +10.4% | $283,348 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32931 Compare?
| Metric | 32931 | Cocoa Beach | Palm Bay-Melbourne-Titusville, FL | Florida |
|---|---|---|---|---|
| Home Value | $460,529 | $460,529 | N/A | $374,697 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 7.4% |
| Avg Rent | $2,292 | $2,292 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32931 (Cocoa 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 | $460,529 |
| Monthly Rent | $2,292 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | -14.4% ▼ |
| 3-Year CAGR | -3.5% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 32931
Population: 13,893
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 32931
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
AUDUBON ELEMENTARY SCHOOL
ROBERT L. STEVENSON ELEMENTARY SCHOOL
TROPICAL ELEMENTARY SCHOOL
THOMAS JEFFERSON MIDDLE SCHOOL
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
What investment strategy works best in Cocoa Beach, FL?
In Cocoa Beach, FL the significant play is typically careful cash-flow rentals with hands-on management. The combination of $461K prices and $2,292/mo rents suits that approach.
Is it easy to find good tenants in Cocoa Beach, FL?
Tenant demand in Cocoa Beach, FL is solid. The local workforce $2,292/mo rents across most rental classes.
Is Cocoa Beach, FL a good market for FHA house hackers?
Cocoa Beach, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,292/mo rent level.
How does Cocoa Beach, FL rate as a rental market?
Cocoa Beach, FL rates 3.0/5 for investability. With median values at $461K and rents near $2,292/mo, the market offers reasonable fundamentals for rental investors.
Are eviction rules reasonable in Cocoa Beach, FL?
For rental operators, Cocoa Beach, FL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 32931 now. You don’t know where it ranks.
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How 32931 ranks in Palm Bay-Melbourne-Titusville, FL
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