HousingHandbookReference data

U.S. ZIP Code · FL32951

Brevard County · Palm Bay-Melbourne-Titusville, FL

Typical home value

$624,998[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.0%
5-year / yr
+6.5%
10-year / yr
+7.1%

Relative price

vs U.S.
+120.0%
vs metro
+77.9%
vs state
+80.2%
ZIP 32951 location in FL
Location of ZIP 32951 in FL

Price history

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

The typical home in 32951 is worth $624,998 — 77.9% above the Palm Bay-Melbourne-Titusville, FL median. Over the past year, values have fallen 3.0%. Homes here rent for a typical $3,156 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
$3,156[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
$4,537[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
11,299[3]
Median household income
$98,420[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
1
Elementary
1
Middle
0
High
0
  • GEMINI ELEMENTARY SCHOOL

    Elementary · Grades PK–6 · BREVARD

    445 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 yield6.1%
Net yield (after ~40% expenses)3.6%
Annual rent$37,867

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$3,160
Loan principal$499,998
Down payment$125,000
Total interest paid$637,720

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 ratio1.29
Monthly cost to own$4,061
Monthly rent$3,156

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
96th percentile[1]
Rental yield
24th percentile[2]
Property tax
80th percentile[3]

Frequently asked

How much is a home worth in ZIP code 32951?
The typical home in 32951 is worth $624,998, based on the Zillow Home Value Index.
Are home values rising in 32951?
Home values in 32951 are down 3.0% over the past year, and up 6.5% a year over five years.
What is the typical rent in 32951?
A typical home in 32951 rents for about $3,156 a month, a gross rental yield of 6.1%.
What is the property tax rate in 32951?
The effective property tax rate in 32951 is 0.7% — roughly $4,537 a year on a typical home.
Who lives in 32951?
ZIP code 32951 has a population of 11,299 and a median household income of $98,420.

#Comparable ZIPs

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

  • Indialantic, FL

    Typical home
    $560,493
    Gross yield
    5.8%
  • Malabar, FL

    Typical home
    $550,642
    Gross yield
  • Grant-Valkaria, FL

    Typical home
    $517,942
    Gross yield
  • Satellite Beach, FL

    Typical home
    $501,128
    Gross yield
    6.4%
  • Melbourne, FL

    Typical home
    $493,435
    Gross yield
    4.4%
  • Viera West CDP, FL

    Typical home
    $484,705
    Gross yield
    5.4%

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