How much is a home worth in ZIP code 32937?

The typical home in 32937 is worth $501,128, based on the Zillow Home Value Index.

Are home values rising in 32937?

Home values in 32937 are down 1.7% over the past year, and up 5.5% a year over five years.

What is the typical rent in 32937?

A typical home in 32937 rents for about $2,687 a month, a gross rental yield of 6.4%.

What is the property tax rate in 32937?

The effective property tax rate in 32937 is 0.8% — roughly $3,824 a year on a typical home.

ZIP code 32937 has a population of 27,836 and a median household income of $101,184.

HousingHandbookReference data

…

U.S. ZIP Code · FL32937

Brevard County · Palm Bay-Melbourne-Titusville, FL

Typical home value

$501,128^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.7%
5-year / yr: +5.5%
10-year / yr: +7.0%

Relative price

vs U.S.: +76.4%
vs metro: +42.6%
vs state: +44.5%

Price history

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

The typical home in 32937 is worth $501,128 — 42.6% above the Palm Bay-Melbourne-Titusville, FL median. Over the past year, values have fallen 1.7%. Homes here rent for a typical $2,687 a month — a 6.4% 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: $2,687^[2]
Gross yield: 6.4%^[2]
Cap rate: 3.9%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $3,824^[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: 27,836^[3]
Median household income: $101,184^[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: 6
Elementary: 4
Middle: 1
High: 1

SATELLITE SENIOR HIGH SCHOOL
High · Grades 9–12 · BREVARD
1,508 students
DELAURA MIDDLE SCHOOL
Middle · Grades 7–8 · BREVARD
825 students
OCEAN BREEZE ELEMENTARY SCHOOL
Elementary · Grades PK–6 · BREVARD
527 students
SPESSARD L. HOLLAND ELEMENTARY SCHOOL
Elementary · Grades PK–6 · BREVARD
434 students
SURFSIDE ELEMENTARY SCHOOL
Elementary · Grades PK–6 · BREVARD
419 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 yield6.4%

Net yield (after ~40% expenses)3.9%

Annual rent$32,241

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$2,534

Loan principal$400,902

Down payment$100,226

Total interest paid$511,329

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 ratio1.22

Monthly cost to own$3,269

Monthly rent$2,687

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: 72nd percentile^[1]
Rental yield: 38th percentile^[2]
Property tax: 96th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 32937?: The typical home in 32937 is worth $501,128, based on the Zillow Home Value Index.
Are home values rising in 32937?: Home values in 32937 are down 1.7% over the past year, and up 5.5% a year over five years.
What is the typical rent in 32937?: A typical home in 32937 rents for about $2,687 a month, a gross rental yield of 6.4%.
What is the property tax rate in 32937?: The effective property tax rate in 32937 is 0.8% — roughly $3,824 a year on a typical home.
Who lives in 32937?: ZIP code 32937 has a population of 27,836 and a median household income of $101,184.

#Comparable ZIPs

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

32934 vs 32937 →
Melbourne, FL
Typical home
$493,435
Gross yield
4.4%
32940 vs 32937 →
Viera West CDP, FL
Typical home
$484,705
Gross yield
5.4%
32949
Grant-Valkaria, FL
Typical home
$517,942
Gross yield
—
32931
Cocoa Beach, FL
Typical home
$456,899
Gross yield
6.8%
32950
Malabar, FL
Typical home
$550,642
Gross yield
—
32903
Indialantic, FL
Typical home
$560,493
Gross yield
5.8%

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

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Pit ZIP 32937 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL32937

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