How much is a home worth in ZIP code 32904?

The typical home in 32904 is worth $378,087, based on the Zillow Home Value Index.

Are home values rising in 32904?

Home values in 32904 are down 2.8% over the past year, and up 4.5% a year over five years.

What is the typical rent in 32904?

A typical home in 32904 rents for about $1,916 a month, a gross rental yield of 6.1%.

What is the property tax rate in 32904?

The effective property tax rate in 32904 is 0.7% — roughly $2,537 a year on a typical home.

ZIP code 32904 has a population of 37,241 and a median household income of $90,673.

HousingHandbookReference data

…

U.S. ZIP Code · FL32904

Brevard County · Palm Bay-Melbourne-Titusville, FL

Typical home value

$378,087^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.8%
5-year / yr: +4.5%
10-year / yr: +6.3%

Relative price

vs U.S.: +33.1%
vs metro: +7.6%
vs state: +9.0%

Price history

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

The typical home in 32904 is worth $378,087 — 7.6% above the Palm Bay-Melbourne-Titusville, FL median. Over the past year, values have fallen 2.8%. Homes here rent for a typical $1,916 a month — a 6.1% 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: $1,916^[2]
Gross yield: 6.1%^[2]
Cap rate: 3.6%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,537^[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: 37,241^[3]
Median household income: $90,673^[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: 7
Elementary: 5
Middle: 1
High: 0

CENTRAL MIDDLE SCHOOL
Middle · Grades 7–8 · BREVARD
1,060 students
PINEAPPLE COVE CLASSICAL ACADEMY AT WEST MELBOURNE
Other · Grades K–9 · BREVARD
799 students
MEADOWLANE INTERMEDIATE ELEMENTARY SCHOOL
Elementary · Grades 3–6 · BREVARD
797 students
MEADOWLANE PRIMARY ELEMENTARY SCHOOL
Elementary · Grades PK–2 · BREVARD
655 students
IMAGINE SCHOOLS AT WEST MELBOURNE
Elementary · Grades K–6 · BREVARD
617 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.

Home value$Monthly rent$

Gross yield6.1%

Net yield (after ~40% expenses)3.6%

Annual rent$22,996

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,912

Loan principal$302,470

Down payment$75,617

Total interest paid$385,784

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.27

Monthly cost to own$2,438

Monthly rent$1,916

Renting is meaningfully cheaper month-to-month.

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: 16th percentile^[1]
Rental yield: 29th percentile^[2]
Property tax: 48th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 32904?: The typical home in 32904 is worth $378,087, based on the Zillow Home Value Index.
Are home values rising in 32904?: Home values in 32904 are down 2.8% over the past year, and up 4.5% a year over five years.
What is the typical rent in 32904?: A typical home in 32904 rents for about $1,916 a month, a gross rental yield of 6.1%.
What is the property tax rate in 32904?: The effective property tax rate in 32904 is 0.7% — roughly $2,537 a year on a typical home.
Who lives in 32904?: ZIP code 32904 has a population of 37,241 and a median household income of $90,673.

#Comparable ZIPs

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

32955 vs 32904 →
Rockledge, FL
Typical home
$371,620
Gross yield
6.3%
32754 vs 32904 →
Mims CDP, FL
Typical home
$387,162
Gross yield
—
32926
Cocoa, FL
Typical home
$331,004
Gross yield
7.0%
32953
North Merritt Island CDP, FL
Typical home
$427,456
Gross yield
5.4%
32952
Merritt Island CDP, FL
Typical home
$435,893
Gross yield
5.2%
32908
Palm Bay, FL
Typical home
$318,263
Gross yield
7.6%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 32904 against any other ZIP — full side-by-side table.

Compare 32904 →

#Jump to section

U.S. ZIP Code · FL32904

Get more data on ZIPs like this

Get more data on ZIPs like this