Cocoa, FL—32922
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cocoa, FL
As of Oct '25, the median home price in Cocoa, FL is $194,000, with a year-over-year change of -5.4%. This indicates that home prices in Cocoa, FL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $194,000 | -5.4% |
| Single Family | $197,000 | -6.2% |
| Condos | $158,000 | -9.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $129,000 | -9.8% |
3 Bed | $202,000 | -5.6% |
4 Bed | $281,000 | -3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cocoa, FL
As of July '25, Rentcast reports the average rent in Cocoa, FL is $1,590, with a year-over-year rent change of 8.9%. Per bedroom, the median rent as of July '25 in Cocoa, FL is studios: $985, 1-bedrooms: $1,140, 2-bedrooms: $1,460, 3-bedrooms: $2,170, 4-bedrooms: $2,400. The most common rental property sizes in Cocoa, FL are 2-bedroom and 1-bedroom, accounting for 44.6% and 25.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,590 |
| Studio Rent | $975 | $985 |
| 1 Bed Rent | $1,020 | $1,140 |
| 2 Bed Rent | $1,200 | $1,460 |
| 3 Bed Rent | $1,850 | $2,170 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Cocoa, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Cocoa, FL is 68. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $319,000 | 10.0% |
Listing Count | 101 | 31.0% |
| Listings as % of Homes | 1.3% | 31.0% |
Days on Market | 68 | 6.0% |
Demographics — Cocoa, FL
As of the latest ACS Survey released in 2023, Cocoa, FL has a population of 15,500, which has decreased by -1.5% over the past 5 years. Cocoa, FL is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 19.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,500 | -1.5% |
% Under 18 | 20.5% | -25.5% |
% Seniors | 18.5% | 36.0% |
% WFH | 7.4% | 32.1% |
% w/ College Degree | 19.0% | 33.8% |
As of the latest ACS Survey released in 2023, Cocoa, FL is a predominantly white area, with 45.4% of the population identifying as white. The white population has grown by 20.1% in the last 5 years. The second most common race or ethnicity in Cocoa, FL is black, making up 29.5% of the population. Foreign-born residents account for 13.9% of the population in Cocoa, FL, and this percentage has increased by 31.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 45.4% | 20.1% |
% Black | 29.5% | -26.1% |
% Hispanic | 21.0% | 20.7% |
% Asian | 0.6% | 50.0% |
% Foreign Born | 13.9% | 31.1% |
Mortgage and Risk — Cocoa, FL
According to HUD data as of 2023, there were 180 mortgage originations in Cocoa, FL, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Cocoa, FL. Investor activity is low, as 7.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 180 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 7.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Cocoa, FL
As of 2024, the percent of homes in Cocoa, FL under the Section 8 program is 28.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Cocoa, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,028 |
Total Units Section 8 | 860 |
% Rentals under Section 8 | 28.3% |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,020 | $1,080 |
| 2 Bedroom | $50 | $1,200 | $1,250 |
| 3 Bedroom | -$150 | $1,850 | $1,700 |
| 4 Bedroom | -$450 | $2,400 | $1,950 |
Affordability — Cocoa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $194,000 |
| Median Household Income | $46,100 |