Brevard County Real Estate Guide 2024
Your comprehensive guide to the Brevard County real estate market in 2024. Discover market trends, neighborhood insights, investment opportunities, and expert advice for buyers and sellers in Florida's Space Coast.
2024 Market Overview
Brevard County's real estate market continues to show resilience and growth in 2024, driven by aerospace industry expansion, remote work migration, and Florida's tax advantages.
Median Home Price
Average home price in Brevard County as of Q4 2024
Days on Market
Average time homes spend on the market before selling
Price per Sq Ft
Average price per square foot across all property types
Inventory Levels
Months of supply available in the current market
Top Neighborhoods in Brevard County
From beachfront communities to master-planned developments, discover the best neighborhoods for your lifestyle and investment goals.
Viera
Master-planned community with excellent schools, shopping, and recreational facilities. Popular with families and professionals.
Key Highlights:
- Top-rated schools
- New construction
- Golf courses
- Shopping centers
Melbourne
Historic downtown with cultural attractions, waterfront properties, and diverse housing options from condos to single-family homes.
Key Highlights:
- Historic downtown
- Waterfront access
- Cultural district
- Airport proximity
Palm Bay
Largest city in Brevard County offering affordable housing, new developments, and easy access to major employment centers.
Key Highlights:
- Affordable housing
- New developments
- Employment hub
- Family-friendly
Cocoa Beach
Beachfront community with ocean views, vacation rental potential, and strong tourism industry supporting property values.
Key Highlights:
- Oceanfront properties
- Vacation rentals
- Tourism industry
- Beach lifestyle
Titusville
Gateway to Kennedy Space Center with growing aerospace industry, affordable housing, and strong job market.
Key Highlights:
- Space industry
- Affordable options
- Job growth
- Historic charm
Merritt Island
Island community with waterfront properties, nature preserves, and proximity to both beaches and mainland amenities.
Key Highlights:
- Waterfront living
- Nature preserves
- Island lifestyle
- Beach access
Key Market Insights for 2024
Understanding the driving forces behind Brevard County's real estate market will help you make informed decisions as a buyer or seller.
Aerospace Industry Growth
Brevard County's aerospace sector continues to expand with SpaceX, Blue Origin, and other space companies driving job growth and attracting high-income professionals to the area.
Market Impact:
High demand for quality housing, especially in Viera and Melbourne areas
Remote Work Migration
Post-pandemic remote work trends have brought new residents from higher-cost areas, increasing demand for single-family homes with home office spaces.
Market Impact:
Sustained demand for 3+ bedroom homes with modern amenities
Retirement Community Growth
Florida's tax-friendly environment and year-round climate continue to attract retirees, particularly to beach communities like Cocoa Beach and Melbourne Beach.
Market Impact:
Strong demand for condos, townhomes, and maintenance-free living options
Infrastructure Development
Major infrastructure projects including I-95 improvements, Brightline rail expansion, and port developments are enhancing connectivity and property values.
Market Impact:
Increased accessibility driving up property values in connected areas
Real Estate Investment Opportunities
Brevard County offers diverse investment opportunities for both novice and experienced real estate investors. Explore the options that match your goals.
Single-Family Rentals
Strong rental demand with average monthly rent of $2,200 for 3-bedroom homes. High occupancy rates and steady appreciation potential.
Best Areas:
Vacation Rentals
Beach communities offer excellent short-term rental potential with high seasonal demand and premium rates during peak tourism months.
Best Areas:
New Construction
Limited inventory and high demand create opportunities for new construction projects, especially in master-planned communities.
Best Areas:
Commercial Real Estate
Growing business sector creates demand for office, retail, and industrial properties with stable long-term returns.
Best Areas:
Complete Buying Guide for 2024
Navigate the Brevard County real estate market with confidence using our comprehensive buying guide tailored for 2024 market conditions.
Essential Tips for Buyers
- Get pre-approved for a mortgage before house hunting to strengthen your offers
- Work with a local real estate agent who understands Brevard County market dynamics
- Consider flood zones and insurance costs, especially for waterfront properties
- Research HOA fees and restrictions in planned communities
- Factor in hurricane preparedness and home insurance costs
- Visit neighborhoods at different times to assess traffic, noise, and community feel
- Check school district ratings if you have or plan to have children
- Consider future development plans that might affect property values
Market Timing Strategies
Best Time to Buy
Late fall and winter typically offer more inventory and less competition, while spring brings more options but higher competition.
Financing Options
Consider conventional loans, FHA, VA, or USDA loans. First-time buyers may qualify for down payment assistance programs.
Closing Costs
Budget 2-5% of home price for closing costs including title insurance, inspections, and lender fees.
Complete Selling Guide for 2024
Maximize your home's value and sell quickly in the competitive 2024 market with our expert selling strategies and tips.
Essential Tips for Sellers
- Price competitively based on recent comparable sales in your neighborhood
- Invest in professional photography and staging to maximize online appeal
- Complete minor repairs and updates before listing to avoid negotiation issues
- Consider market timing - spring and fall typically see higher activity
- Highlight unique features like proximity to beaches, schools, or employment centers
- Be prepared for multiple offers in competitive price ranges
- Work with an experienced agent who can navigate complex negotiations
- Consider offering seller concessions like closing cost assistance to attract buyers
Pricing & Marketing Strategies
Competitive Pricing
Price slightly below market value to generate multiple offers and create a bidding war scenario.
Professional Marketing
Invest in professional photography, virtual tours, and staging to maximize online appeal and showings.
Market Preparation
Complete minor repairs, deep clean, and declutter to present your home in its best light for potential buyers.
2025 Market Outlook
Looking ahead to 2025, Brevard County's real estate market shows strong fundamentals for continued growth and stability.
Continued Growth
Aerospace industry expansion and population growth are expected to drive continued demand for housing throughout 2025.
New Construction
Increased new construction activity will help balance supply and demand, providing more options for buyers while maintaining price stability.
Quality of Life
Brevard County's unique combination of beaches, space industry, and affordable living will continue attracting new residents and investors.
Ready to Navigate the Brevard County Real Estate Market?
Whether you're buying your first home, selling your current property, or looking for investment opportunities, our local expertise will guide you to success in the 2024 Brevard County real estate market.
Free consultation • Local market expertise • Proven results