Cocoa, FL—32927
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 $297,000, with a year-over-year change of -4.9%. This indicates that home prices in Cocoa, FL are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $297,000 | -4.9% |
| Single Family | $301,000 | -5.0% |
| Condos | $211,000 | -9.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | -8.9% |
3 Bed | $292,000 | -5.2% |
4 Bed | $361,000 | -3.5% |
| 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 $2,000, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Cocoa, FL is 1-bedrooms: $1,000, 2-bedrooms: $1,670, 3-bedrooms: $2,070, 4-bedrooms: $2,420. The most common rental property sizes in Cocoa, FL are 3-bedroom and 2-bedroom, accounting for 54.6% and 19.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,000 |
| 2 Bed Rent | $1,650 | $1,670 |
| 3 Bed Rent | $2,030 | $2,070 |
| 4 Bed Rent | $2,430 | $2,420 |
% 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 66. This is a increase of 12.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $328,000 | -2.0% |
Listing Count | 159 | 28.0% |
| Listings as % of Homes | 0.9% | 28.0% |
Days on Market | 66 | 12.0% |
Demographics — Cocoa, FL
As of the latest ACS Survey released in 2023, Cocoa, FL has a population of 28,500, which has increased by 6.8% over the past 5 years. Cocoa, FL is a moderately popular place for families, as children make up 16.0% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,500 | 6.8% |
% Under 18 | 16.0% | -22.3% |
% Seniors | 17.2% | 17.0% |
% WFH | 8.2% | 310.0% |
% w/ College Degree | 22.0% | 15.8% |
As of the latest ACS Survey released in 2023, Cocoa, FL is a predominantly white area, with 82.1% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Cocoa, FL is hispanic, making up 5.3% of the population. Foreign-born residents account for 5.3% of the population in Cocoa, FL, and this percentage has increased by 47.2% 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 | 82.1% | 2.4% |
% Black | 5.0% | -5.7% |
% Hispanic | 5.3% | -25.4% |
% Asian | 1.0% | 0.0% |
% Foreign Born | 5.3% | 47.2% |
Mortgage and Risk — Cocoa, FL
According to HUD data as of 2023, there were 660 mortgage originations in Cocoa, FL, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, 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. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 660 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Cocoa, FL
As of 2024, the percent of homes in Cocoa, FL under the Section 8 program is 2.8%. 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. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Cocoa, FL, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 32 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,000 | $1,310 |
| 2 Bedroom | -$130 | $1,650 | $1,520 |
| 3 Bedroom | $40 | $2,030 | $2,070 |
| 4 Bedroom | -$60 | $2,430 | $2,370 |
Affordability — Cocoa, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $297,000 |
| Median Household Income | $82,000 |