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Cocoa real estate market overview
- Average Monthly Rent: $918
- Home Price/Value Percentage Change: 7.00%
- Median Home Value: $297,169
- Best Time To Sell a Home: April
- Affordability Index: Moderate
- Days To Sell a House: 78
- Job Market: Fair
- Public School Ranking: 18
Location and weather
The historic city of Cocoa is located in Brevard County, only a short distance from Port Canaveral, the Kennedy Space Center, and a vast amount of beautiful beaches. This family-friendly small town is home to a quaint shopping district, incredible water-front restaurants, and historic landmarks such as the Historic Cocoa Village Playhouse, Porcher House, Derby Street Chapel, and the Moore Center. Local events including the 4th of July, BBQ & Blues, and Halloween in the Village are also big attractions for the residents and tourists here.
The hot, tropical climate of this city offers well distributed rainfall, a short dry period, and plenty of sunshine.
Population, job market and cost of living
The population in Cocoa is 19,611, with a growth rate of 0.98% annually.
The job market has decreased by -4.18% in the last year. In ten years, job growth is predicted to be 42.21%. Some of the largest industries in this city are trade, transportation and utilities, professional and business services, government, and manufacturing. Due to the tourism Cocoa gets throughout the year, the leisure and hospitality industry also thrives here. As a part of Brevard County, the economy shares the perks of a strong educational, exploration, and technology job sector as well.
Attractive taxes, wage climate, and low housing costs make this city an affordable place to live, with overall living costs that are lower than both the Florida and US average.
Cocoa real estate market details
- Diamond Square
- Cocoa North
- Dixion's
- Historic Cocoa Village
- Crestview Acres
The average monthly rent in Cocoa is $918 for an average apartment size of 704 sq. feet.
There has been a 15.8% increase in Cocoa's median home value over the last year. As of 2023, the median home value is $297,169.
On average, homes in Cocoa sell after 78 days on the market.
The best time to sell a home for the highest value in Cocoa is during May. The best time to sell quickly is during the month of September.
The affordability index in Cocoa is 89. This number indicates moderate affordability in this city.
The top ranked public schools are Enterprise Elementary School, Challenger 7 Elementary School, Space Junior/Senior High School, Emma Jewel Charter Academy, and Cocoa High School. This information is dependent on data measuring academic performance and equity.