Real Estate Investing in Rockledge, Florida (32955)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32955 (Rockledge, 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: 15.3% of homes vacant — above national norms.
What’s happening in Rockledge, FL (32955)?
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Market Analysis: 32955 Rockledge
ZIP 32955 in Rockledge, FL carries a impressive set of headwinds. Home values near $374K and rents of $1,924/mo sit inside a market where underwriting has to be tight.
From a cash-flow lens, the numbers look inviting — $374K purchase price, 0.0% nominal cap — the work to hit that pro forma in 32955 is substantial and deserves full respect.
Within FL, ZIP 32955 trails on several market indicators that neighboring Brevard County submarkets outperform. The gap is real and durable enough to shape underwriting.
In practical terms, 40,413 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.
Strategically, 32955 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Rockledge:
Property Strategy for 32955
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $209,653 | $1,920 | 6.6% | +7.1% | $104,827 |
| 3BR | $344,692 | $2,620 | 5.5% | +7.0% | $114,897 |
| 4BR | $469,210 | $2,970 | 4.6% | +7.7% | $117,302 |
| 5BR | $666,408 | — | — | +8.1% | $133,282 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 32955 Compare?
| Metric | 32955 | Rockledge | Palm Bay-Melbourne-Titusville, FL | Florida |
|---|---|---|---|---|
| Home Value | $373,924 | $373,924 | N/A | $374,697 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 7.4% |
| Avg Rent | $1,924 | $1,924 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32955 (Rockledge, 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 | $373,924 |
| Monthly Rent | $1,924 |
| Price-to-Rent | 16.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +0.1% ▲ |
| 5-Year CAGR | +3.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 32955
Population: 40,413
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 32955
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 Rockledge, FL a good investment right now?
Rockledge, FL rates 3.0/5 for investability. With median values at $374K and rents near $1,924/mo, the market offers reasonable fundamentals for rental investors.
How much rent can I charge in Rockledge, FL?
Rockledge, FL rentals go for roughly $1,924/mo a month. That puts gross yield in solid territory relative to $374K acquisition costs.
Can I house hack in Rockledge, FL?
Rockledge, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,924/mo rent level.
What is the average home sale price in Rockledge, FL?
Typical homes in Rockledge, FL go for around $374K. The 5-year CAGR of 0.0% predictable price movement.
Is vacancy a concern in Rockledge, FL?
Expect elevated vacancy in Rockledge, FL. Rents at $1,924/mo are absorbed by the tenant base without meaningful lag.
You know 32955 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 32955 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 32955 ranks in Palm Bay-Melbourne-Titusville, FL
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