HousingHandbookReference data

U.S. ZIP Code · FL32796

Brevard County · Palm Bay-Melbourne-Titusville, FL

Typical home value

$272,312[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.4%
5-year / yr
+5.1%
10-year / yr
+8.9%

Relative price

vs U.S.
-4.1%
vs metro
-22.5%
vs state
-21.5%
ZIP 32796 location in FL
Location of ZIP 32796 in FL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 32796 is worth $272,312 — 22.5% below the Palm Bay-Melbourne-Titusville, FL median. Over the past year, values have fallen 3.4%. Homes here rent for a typical $1,691 a month — a 7.5% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,691[2]
Gross yield
7.5%[2]
Cap rate
4.5%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.7%[3]
Typical annual tax
$1,776[3]

#Climate risk

FEMA National Risk Index ratings for Brevard County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Relatively Moderate
Wildfire
Relatively Moderate
Drought
Relatively Low
Heat wave
Relatively Moderate
Hurricane
Very High
Tornado
Relatively High
Earthquake
Very Low
Winter weather
No Rating

#Who lives here

Population
20,222[3]
Median household income
$67,491[3]

#Migration

Household moves in and out of Brevard County over a year, from IRS tax-return data.

Net migration
+5,016[5]
Moved in
20,374
Moved out
15,358

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
4
Elementary
2
Middle
1
High
1
  • ASTRONAUT HIGH SCHOOL

    High · Grades 9–12 · BREVARD

    1,053 students

  • OAK PARK ELEMENTARY SCHOOL

    Elementary · Grades PK–6 · BREVARD

    472 students

  • SOUTH LAKE ELEMENTARY

    Elementary · Grades K–6 · BREVARD

    446 students

  • JAMES MADISON MIDDLE SCHOOL

    Middle · Grades 7–8 · BREVARD

    430 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield7.5%
Net yield (after ~40% expenses)4.5%
Annual rent$20,292

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,377
Loan principal$217,849
Down payment$54,462
Total interest paid$277,855

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.04
Monthly cost to own$1,751
Monthly rent$1,691

Owning and renting are roughly even.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
52nd percentile[1]
Rental yield
67th percentile[2]
Property tax
24th percentile[3]

Frequently asked

How much is a home worth in ZIP code 32796?
The typical home in 32796 is worth $272,312, based on the Zillow Home Value Index.
Are home values rising in 32796?
Home values in 32796 are down 3.4% over the past year, and up 5.1% a year over five years.
What is the typical rent in 32796?
A typical home in 32796 rents for about $1,691 a month, a gross rental yield of 7.5%.
What is the property tax rate in 32796?
The effective property tax rate in 32796 is 0.7% — roughly $1,776 a year on a typical home.
Who lives in 32796?
ZIP code 32796 has a population of 20,222 and a median household income of $67,491.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Melbourne, FL

    Typical home
    $270,717
    Gross yield
    7.7%
  • Titusville, FL

    Typical home
    $274,130
    Gross yield
    7.0%
  • Melbourne, FL

    Typical home
    $270,319
    Gross yield
    7.1%
  • Port St. John CDP, FL

    Typical home
    $302,746
    Gross yield
    8.4%
  • Palm Bay, FL

    Typical home
    $303,030
    Gross yield
    8.1%
  • Palm Bay, FL

    Typical home
    $236,276
    Gross yield
    8.0%

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