Cocoa Beach, FL—32931
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cocoa Beach, FL
As of Oct '25, the median home price in Cocoa Beach, FL is $457,000, with a year-over-year change of -3.9%. This indicates that home prices in Cocoa Beach, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $457,000 | -3.9% |
| Single Family | $697,000 | -4.4% |
| Condos | $359,000 | -5.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $205,000 | -10.1% |
2 Bed | $341,000 | -5.8% |
3 Bed | $626,000 | -3.7% |
4 Bed | $917,000 | -4.4% |
| 5 Bed | $1,417,000 | -3.9% |
% of Housing Stock
Rental Trends — Cocoa Beach, FL
As of July '25, Rentcast reports the average rent in Cocoa Beach, FL is $2,590, with a year-over-year rent change of -4.4%. Per bedroom, the median rent as of July '25 in Cocoa Beach, FL is studios: $1,860, 1-bedrooms: $1,820, 2-bedrooms: $2,470, 3-bedrooms: $3,370, 4-bedrooms: $3,860. The most common rental property sizes in Cocoa Beach, FL are 2-bedroom and 1-bedroom, accounting for 51.5% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,590 |
| Studio Rent | $1,640 | $1,860 |
| 1 Bed Rent | $1,800 | $1,820 |
| 2 Bed Rent | $2,300 | $2,470 |
| 3 Bed Rent | $3,400 | $3,370 |
| 4 Bed Rent | $3,600 | $3,860 |
% of Rental Stock
Property Listings — Cocoa Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Cocoa Beach, FL is 98. This is a increase of 20.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $497,000 | 0.0% |
Listing Count | 271 | 17.0% |
| Listings as % of Homes | 1.5% | 17.0% |
Days on Market | 98 | 20.0% |
Demographics — Cocoa Beach, FL
As of the latest ACS Survey released in 2023, Cocoa Beach, FL has a population of 13,900, which has decreased by -1.6% over the past 5 years. Cocoa Beach, FL is a less popular place for families, as children make up 9.8% of the population. The area has a highly educated workforce, with 52.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,900 | -1.6% |
% Under 18 | 9.8% | -14.8% |
% Seniors | 34.3% | -2.3% |
% WFH | 23.5% | 135.0% |
% w/ College Degree | 52.0% | 19.5% |
As of the latest ACS Survey released in 2023, Cocoa Beach, FL is a predominantly white area, with 87.1% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Cocoa Beach, FL is hispanic, making up 6.7% of the population. Foreign-born residents account for 9.3% of the population in Cocoa Beach, FL, and this percentage has decreased by 5.1% 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 | 87.1% | -2.7% |
% Black | 1.9% | 90.0% |
% Hispanic | 6.7% | -4.3% |
% Asian | 1.6% | 33.3% |
% Foreign Born | 9.3% | -5.1% |
Mortgage and Risk — Cocoa Beach, FL
According to HUD data as of 2023, there were 292 mortgage originations in Cocoa Beach, FL, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Cocoa Beach, FL. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 292 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 5.0% |
% Second Loans | 21.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Cocoa Beach, FL
As of 2024, the percent of homes in Cocoa Beach, FL under the Section 8 program is 0.2%. 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 Beach, 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 | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$230 | $1,800 | $1,570 |
| 2 Bedroom | -$480 | $2,300 | $1,820 |
| 3 Bedroom | -$920 | $3,400 | $2,480 |
| 4 Bedroom | -$770 | $3,600 | $2,830 |
Affordability — Cocoa Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $457,000 |
| Median Household Income | $84,800 |