Cocoa Real Estate Market Overview
Average Monthly Rent:
$855
Percentage Change in Home Price/Value:
4.70%
Median Home Value:
$190,661
Best Time To Sell Home:
December
Affordability Index:
119
Days To Sell House:
67.38
Job Market:
Fair
Public School Ranking:
26
Location and Weather
Cocoa is in Brevard county and is a part of the Palm Bay–Melbourne–Titusville metropolitan statistical area. On the north border of Coca is Cape Canaveral, on the south is Crescent Beach, on the east is the Atlantic Ocean and on the west is the Banana River. The space industry and tourism has contributed to the city’s growth. The quaint historic district features the Historic Cocoa Village Playhouse that continues to host plays.
The summers in Cocoa are warm, humid and long, while the winters are mild and breezy. The summer temperatures are in the 80’s, with lows in the 70’s. The winter high temperatures are in the low 70’s, with lows in the mid 50’s.
Population, Job Market and Cost of Living
The population of Cocoa in 2018 was 18,619, with an annual growth rate of 0.41%. The job growth has increased by 1.85% over the last year and in ten years, is predicted to have increased by 42.21%. The major industries are in retail trade, health care, social assistance and educational services. The largest employers are Eastern Florida State College, City of Cocoa and the Coca-Cola Company. The cost of living is low, due to the Cocoa real estate market and cost of available housing.
With a great location on Florida’s Space Coast, diverse and growing job market, resurgence of aeronautics industries in the area, mild winter climate and low cost of living, Cocoa will continue to attract job seekers and retires to this community with both river and beach access.
