Real Estate Investing in Micco, Florida (32976)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 32976 (Micco, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 26.8% of homes vacant — above national norms.
- 1-year downturn: Values declined 4.6% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Micco, FL (32976)?
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Market Analysis: 32976 Micco
ZIP 32976 inside Brevard County looks affordable on the surface — median value of $222K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $222K asset, 32976 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within FL, ZIP 32976 trails on several market indicators that neighboring Brevard County submarkets outperform. The gap is real and significant enough to shape underwriting.
A impressive renter share of 6% in 32976 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
tilts toward 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 Micco:
Property Strategy for 32976
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $180,500 | $1,570 | 6.3% | +5.5% | $90,250 |
| 3BR | $333,520 | $2,140 | 4.6% | +6.2% | $111,173 |
| 4BR | $495,942 | $2,430 | 3.5% | — | $123,985 |
Market Trends
Home Value History (with trend line)
📊 How Does 32976 Compare?
| Metric | 32976 | Micco | Palm Bay-Melbourne-Titusville, FL | Florida |
|---|---|---|---|---|
| Home Value | $221,805 | $221,805 | N/A | $374,697 |
| 5-Year CAGR | 1.6% | 1.6% | N/A | 7.4% |
| Avg Rent | $1,413 | $1,413 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 32976 (Micco, 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 | $221,805 |
| Monthly Rent | $1,413 |
| Price-to-Rent | 13.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 5.0% |
| 5-Year IRR | 6.6% |
📈 Home Appreciation
| 1-Year | -4.6% ▼ |
| 3-Year CAGR | -4.6% ▼ |
| 5-Year CAGR | +1.6% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.0%). 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 32976
Population: 9,237
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is real estate in Micco, FL a good investment right now?
Micco, FL rates 3.0/5 for investability. With median values at $222K and rents near $1,413/mo, the market offers reasonable fundamentals for rental investors.
How strong is the working-renter base in Micco, FL?
Tenant demand in Micco, FL is solid. The local workforce $1,413/mo rents across most rental classes.
Should investors worry about vacancy in Micco, FL?
Vacancy in Micco, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,413/mo.
How viable is house hacking in Micco, FL?
House hacking in Micco, FL is a challenging. With home values around $222K and rents at $1,413/mo, owner-occupants can offset a meaningful share of PITI.
What investment strategy works best in Micco, FL?
Most investors in Micco, FL run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 32976 now. You don’t know where it ranks.
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How 32976 ranks in Palm Bay-Melbourne-Titusville, FL
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