How much is a home worth in ZIP code 32907?

The typical home in 32907 is worth $303,030, based on the Zillow Home Value Index.

Are home values rising in 32907?

Home values in 32907 are down 3.7% over the past year, and up 4.6% a year over five years.

What is the typical rent in 32907?

A typical home in 32907 rents for about $2,038 a month, a gross rental yield of 8.1%.

What is the property tax rate in 32907?

The effective property tax rate in 32907 is 0.7% — roughly $2,058 a year on a typical home.

ZIP code 32907 has a population of 49,080 and a median household income of $75,311.

HousingHandbookReference data

…

U.S. ZIP Code · FL32907

Brevard County · Palm Bay-Melbourne-Titusville, FL

Typical home value

$303,030^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -3.7%
5-year / yr: +4.6%
10-year / yr: +7.4%

Relative price

vs U.S.: +6.7%
vs metro: -13.7%
vs state: -12.6%

Price history

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

The typical home in 32907 is worth $303,030 — 13.7% below the Palm Bay-Melbourne-Titusville, FL median. Over the past year, values have fallen 3.7%. Homes here rent for a typical $2,038 a month — a 8.1% 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: $2,038^[2]
Gross yield: 8.1%^[2]
Cap rate: 4.8%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,058^[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: 49,080^[3]
Median household income: $75,311^[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: 0
High: 1

HERITAGE HIGH SCHOOL
High · Grades 9–12 · BREVARD
2,023 students
PINEAPPLE COVE CLASSICAL ACADEMY
Other · Grades K–12 · BREVARD
1,067 students
PINEAPPLE COVE CLASSICAL ACADEMY AT LOCKMAR
Elementary · Grades K–8 · BREVARD
692 students
DISCOVERY ELEMENTARY SCHOOL
Elementary · Grades PK–6 · BREVARD
681 students
CHRISTA MCAULIFFE ELEMENTARY SCHOOL
Elementary · Grades PK–6 · BREVARD
647 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 yield8.1%

Net yield (after ~40% expenses)4.8%

Annual rent$24,460

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$1,532

Loan principal$242,424

Down payment$60,606

Total interest paid$309,199

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 ratio0.96

Monthly cost to own$1,957

Monthly rent$2,038

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: 24th percentile^[1]
Rental yield: 90th percentile^[2]
Property tax: 60th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 32907?: The typical home in 32907 is worth $303,030, based on the Zillow Home Value Index.
Are home values rising in 32907?: Home values in 32907 are down 3.7% over the past year, and up 4.6% a year over five years.
What is the typical rent in 32907?: A typical home in 32907 rents for about $2,038 a month, a gross rental yield of 8.1%.
What is the property tax rate in 32907?: The effective property tax rate in 32907 is 0.7% — roughly $2,058 a year on a typical home.
Who lives in 32907?: ZIP code 32907 has a population of 49,080 and a median household income of $75,311.

#Comparable ZIPs

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

32927 vs 32907 →
Port St. John CDP, FL
Typical home
$302,746
Gross yield
8.4%
32909 vs 32907 →
Palm Bay, FL
Typical home
$317,505
Gross yield
7.5%
32920
Cape Canaveral, FL
Typical home
$318,063
Gross yield
7.0%
32908
Palm Bay, FL
Typical home
$318,263
Gross yield
7.6%
32926
Cocoa, FL
Typical home
$331,004
Gross yield
7.0%
32780
Titusville, FL
Typical home
$274,130
Gross yield
7.0%

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Pit ZIP 32907 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL32907

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