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Brevard County, FL

RANK #931 / 996  ·  POP 610,723  ·  FL

PROJECTED GROWTH: -2.3%

Brevard County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Brevard County?

Brevard County, Florida, known as the "Space Coast," is distinguished by its direct connection to space exploration, with the Kennedy Space Center being a prominent landmark. Located on Florida's Atlantic coast, roughly an hour east of Orlando, the county spans 72 miles of beaches and diverse communities from Titusville in the north to Palm Bay in the south. The community offers extensive outdoor recreation, including surfing at Cocoa Beach, kayaking in the Indian River Lagoon, and exploring wildlife refuges like Merritt Island National Wildlife Refuge. Numerous county parks, such as Lori Wilson Park and Wickham Park, provide spaces for activities and events, reflecting the area's dedication to preserving natural spaces.

Life in Brevard County blends coastal living with a focus on innovation. The economy is driven by the aerospace and technology sectors, with major companies contributing to job growth. Beyond aerospace, healthcare, logistics, and advanced manufacturing also play significant roles. Brevard Public Schools are highly rated, and the county is home to higher education institutions like Eastern Florida State College and Florida Institute of Technology. Commute options include Space Coast Area Transit bus services and a vanpool program, with park-and-ride lots available for those commuting to regional employment centers like Kennedy Space Center or Orlando.

[02] Market Snapshot

Housing Ratio
4.8x

Above national median (4.7x)

GDP Growth
+4.3%

Well above national median

Home Prices
-3.5%

Prices declining

Climate & Terrain
3.9

Favorable climate & terrain

Price/Rent
12x

Below national median (13x)

Housing is fairly valued at 4.8x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Brevard County U.S. National

The Numbers

DEMOGRAPHICS
Population
610,723
+1.52% YoY
Median Household Income
$71,308
Median Home Value
$278,000
-3.5% 12mo
Median Rent
$1,327
Average Annual Pay
$68,051
+4.8% YoY
Employment
242,124
+1.4% YoY
Income-to-Home-Value
0.2565
More affordable than average
Migration Inflow
1.84%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$354,000
Days on Market
82
Slower market
Months of Supply
4.9
Balanced market
Sale-to-List Ratio
97.0%
Negotiation room for buyers
Sold Above List
10.4%
Listings w/ Price Drops
27.8%
Building Permits (2024)
4,603
Single-Family Permits
3,889

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$732M
TOTAL
PROJECT AMOUNT STATUS
Bluefin Energy Storage Project
Malta, Inc. (Google spin-off)
$468M Planned
Mallard Solar Project
Undisclosed
$75M Planned
FPL Ibis Solar Energy Center
Florida Power & Light (FPL)
$74M Proposed
FPL Palm Bay Solar Energy Center
Florida Power & Light (FPL)
$74M Under Construction
Lockheed Martin FBM Headquarters Relocation
Lockheed Martin
$40M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +4.3% 76 percentile
Population Growth +1.5% 83 percentile
Income Growth +12.1% 96 percentile
Vacancy Rate 1.6% 18 percentile
Home Price Change -3.5% 7 percentile
Rent Growth +1.0% 20 percentile
Price/Rent 12x 64 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Brevard County, FL a good place to move to?

Brevard County has a Boom Town Index score of 6/100, ranking #931 among 996 U.S. counties. With job growth at +1.4% and a median household income of $71,308, it faces some economic headwinds compared to faster-growing counties.

Is Brevard County affordable?

The median home value in Brevard County is $278,000 with median rent at $1,327/month. The income-to-home-value ratio is 0.2565, which is more affordable than the national average.

Is Brevard County growing or shrinking?

Population growth: +1.5% year-over-year. Job growth: +1.4%. Home values changed -3.5% in the past 12 months.

[08] Similar Metros

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