Cocoa Real Estate Market Overview
Average Monthly Rent:
$932
Percentage Change in Home Price/Value:
25.6%
Median Home Value:
$295,000
Best Time To Sell Home:
September
Affordability Index:
115
Days To Sell House:
46
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 18,675, with a growth rate of 0.10% annually. The job market has increased by 1.9% in the last year. In ten years, job growth is predicted to be 42.2%. 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 U.S. average.