Cocoa, FL—32926
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 $329,000, with a year-over-year change of -3.0%. This indicates that home prices in Cocoa, FL are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $329,000 | -3.0% |
| Single Family | $337,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $179,000 | -5.3% |
3 Bed | $320,000 | -3.6% |
4 Bed | $409,000 | -2.2% |
| 5 Bed | $476,000 | -0.6% |
% of Housing Stock
Rental Trends — Cocoa, FL
As of July '25, Rentcast reports the average rent in Cocoa, FL is $2,160, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Cocoa, FL is 1-bedrooms: $1,550, 2-bedrooms: $1,700, 3-bedrooms: $2,230, 4-bedrooms: $2,730. The most common rental property sizes in Cocoa, FL are 2-bedroom and 3-bedroom, accounting for 36.5% and 29.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,550 | $1,550 |
| 2 Bed Rent | $1,600 | $1,700 |
| 3 Bed Rent | $2,000 | $2,230 |
| 4 Bed Rent | $2,450 | $2,730 |
% 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 72. This is a increase of 17.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $374,000 | 4.0% |
Listing Count | 116 | 14.0% |
| Listings as % of Homes | 1.1% | 14.0% |
Days on Market | 72 | 17.0% |
Demographics — Cocoa, FL
As of the latest ACS Survey released in 2023, Cocoa, FL has a population of 21,600, which has decreased by -3.5% over the past 5 years. Cocoa, FL is a less popular place for families, as children make up 12.1% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,600 | -3.5% |
% Under 18 | 12.1% | -27.5% |
% Seniors | 26.2% | 22.4% |
% WFH | 10.2% | 126.7% |
% w/ College Degree | 22.4% | 6.7% |
As of the latest ACS Survey released in 2023, Cocoa, FL is a predominantly white area, with 71.7% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Cocoa, FL is black, making up 11.5% of the population. Foreign-born residents account for 5.5% of the population in Cocoa, FL, and this percentage has decreased by 5.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.7% | -4.4% |
% Black | 11.5% | -25.8% |
% Hispanic | 9.8% | 50.8% |
% Asian | 1.7% | -22.7% |
% Foreign Born | 5.5% | -5.2% |
Mortgage and Risk — Cocoa, FL
According to HUD data as of 2023, there were 500 mortgage originations in Cocoa, FL, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Cocoa, FL. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 500 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Cocoa, FL
As of 2024, the percent of homes in Cocoa, FL under the Section 8 program is 6.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Cocoa, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 142 |
Total Units Section 8 | 86 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$280 | $1,550 | $1,270 |
| 2 Bedroom | -$130 | $1,600 | $1,470 |
| 3 Bedroom | $0 | $2,000 | $2,000 |
| 4 Bedroom | -$160 | $2,450 | $2,290 |
Affordability — Cocoa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $329,000 |
| Median Household Income | $65,100 |