HousingHandbookReference data

U.S. ZIP Code · FL32908

Brevard County · Palm Bay-Melbourne-Titusville, FL

Typical home value

$318,263[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-2.9%
5-year / yr
+5.5%
10-year / yr
+7.7%

Relative price

vs U.S.
+12.0%
vs metro
-9.4%
vs state
-8.2%
ZIP 32908 location in FL
Location of ZIP 32908 in FL

Price history

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

The typical home in 32908 is worth $318,263 — 9.4% below the Palm Bay-Melbourne-Titusville, FL median. Over the past year, values have fallen 2.9%. Homes here rent for a typical $2,023 a month — a 7.6% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent
$2,023[2]
Gross yield
7.6%[2]
Cap rate
4.6%[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$2,402[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
16,535[3]
Median household income
$79,596[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
3
Elementary
2
Middle
0
High
1
  • BAYSIDE HIGH SCHOOL

    High · Grades 9–12 · BREVARD

    2,040 students

  • WESTSIDE ELEMENTARY SCHOOL

    Elementary · Grades PK–6 · BREVARD

    867 students

  • JUPITER ELEMENTARY SCHOOL

    Elementary · Grades PK–6 · BREVARD

    852 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 yield7.6%
Net yield (after ~40% expenses)4.6%
Annual rent$24,282

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$1,609
Loan principal$254,610
Down payment$63,653
Total interest paid$324,741

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 ratio1.02
Monthly cost to own$2,073
Monthly rent$2,023

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
68th percentile[1]
Rental yield
76th percentile[2]
Property tax
84th percentile[3]

Frequently asked

How much is a home worth in ZIP code 32908?
The typical home in 32908 is worth $318,263, based on the Zillow Home Value Index.
Are home values rising in 32908?
Home values in 32908 are down 2.9% over the past year, and up 5.5% a year over five years.
What is the typical rent in 32908?
A typical home in 32908 rents for about $2,023 a month, a gross rental yield of 7.6%.
What is the property tax rate in 32908?
The effective property tax rate in 32908 is 0.8% — roughly $2,402 a year on a typical home.
Who lives in 32908?
ZIP code 32908 has a population of 16,535 and a median household income of $79,596.

#Comparable ZIPs

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

  • Cape Canaveral, FL

    Typical home
    $318,063
    Gross yield
    7.0%
  • Palm Bay, FL

    Typical home
    $317,505
    Gross yield
    7.5%
  • Cocoa, FL

    Typical home
    $331,004
    Gross yield
    7.0%
  • Palm Bay, FL

    Typical home
    $303,030
    Gross yield
    8.1%
  • Port St. John CDP, FL

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

    Typical home
    $274,130
    Gross yield
    7.0%

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