Thinking about investing in rentals in Brevard County, FL?
If you’re considering purchasing a rental property in Brevard County, Florida, you’re in the right place. The Space Coast is growing fast, thanks to a booming aerospace industry, beautiful beaches, and a steady influx of new residents. But not all neighborhoods are created equal when it comes to rental returns. As a property management company with boots on the ground, we’ve identified the top areas in Brevard County for smart rental property investments.
1. Melbourne – A Hub for Professionals and Families
Melbourne is one of the most popular cities in Brevard County and a top pick for rental property owners. With employers like L3Harris Technologies and Northrup Grumman nearby, there’s a steady demand for housing from engineers, tech professionals, and military families.
-
Rental Appeal: Good school zones, shopping centers, and a revitalized downtown.
-
Property Types: Single-family homes, townhomes, and newer apartment complexes.
-
Pro Tip: Look at neighborhoods like West Melbourne and Eau Gallie for higher ROI with lower initial costs.
2. Palm Bay – Affordable and Growing Fast
Palm Bay offers some of the most affordable real estate in the county, making it ideal for first-time investors or those looking to expand their portfolios. It’s also one of the fastest-growing cities in the area.
-
Rental Appeal: Affordable housing and close proximity to major employers.
-
Property Types: Primarily single-family homes with large lots.
-
Pro Tip: Homes near Malabar Road or Emerson Drive rent quickly and attract long-term tenants.
3. Cocoa Beach – Vacation Rentals and Waterfront Gold
For those interested in short-term rentals or higher-end properties, Cocoa Beach offers excellent opportunities. As a top tourist destination, this area is perfect for Airbnb and seasonal rentals.
-
Rental Appeal: Waterfront properties, tourism, and beach lifestyle.
-
Property Types: Condos, townhomes, and beach cottages.
-
Pro Tip: Consider property management support for handling short-term rental logistics and local regulations.
4. Titusville – On the Rise with Space Industry Growth
With the expansion of SpaceX, Blue Origin, and other aerospace ventures, Titusville is benefiting from a new wave of demand. It’s a great spot for investors looking to catch growth early.
-
Rental Appeal: Proximity to Kennedy Space Center and growing infrastructure.
-
Property Types: Older homes with renovation potential and new developments.
-
Pro Tip: Look for multi-family properties near downtown and US-1.
5. Rockledge & Viera – Family-Friendly and High Demand
Rockledge and Viera are popular with families and retirees, offering planned communities, good schools, and a quieter suburban lifestyle.
-
Rental Appeal: Safe neighborhoods, parks, and top-rated schools.
-
Property Types: Townhouses, gated community homes, and condos.
-
Pro Tip: These areas support higher rent rates, especially for homes in HOA-managed communities.
Are you looking for long-term or short-term investments?
Whether you’re looking for long-term tenants or short-term vacationers, Brevard County has rental investment opportunities to match. From the bustling tech scene in Melbourne to the beachfront charm of Cocoa Beach, the right property in the right neighborhood can generate steady income and long-term value.
Thinking about investing? Our local team can help you evaluate neighborhoods, manage properties, and maximize your returns. Contact us today to get started!