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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −4.6% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −10.9% YoY, is the number to watch.
The median listing price is down 4.6% YoY while the median home got down 2.4% bigger, so value per square foot is down 4.1%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $399K purchase rents for $2,150/mo: 0.54% of price per month against the 1% rule's 1.00%.
Not shown: 1 BR (rent only, no matching sale price), 6 BR (sale only, no matching rent).
Sales here take about 36 days longer to go under contract than rentals (median across 5 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 32904 itself, not its parent county.
Renters hold 25.6% of this ZIP's 14,039 occupied households, on a median household income of $91K.
| Measure | ZIP 32904 | Brevard County | Difference |
|---|---|---|---|
| Median Household Income | $91K | $78K | +$12K |
| Below Poverty Level | 7.4% | 10.2% | -2.8% |
| Median Age | 40.70 | 46.70 | -6.00 |
| Total Population | 37,241 | 632,780 | -- |
| Avg Household Size | 2.61 | 2.42 | +0.19 |
| Owner-Occupied | 74.4% | 76.7% | -2.3% |
| Worked From Home | 16.7% | 14.6% | +2.1% |
| Mean Commute | 23.20 | 25.40 | -2.20 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 2.0% to 632,780: residents under 18 are up 1.3% and those 65 and over are up 3.2%.
County median household income is $78K, 10.2% of residents are below the poverty level, 14.6% work from home.