31 / 100

Brevard County, FL

Melbourne

RANK #681 / 996 NAT  ·  #8 / 41 FL  ·  POP 610,723

1YR FORECAST: -1.1%

5YR OUTLOOK: +19%

Our model projects Brevard County's housing market at -1.1% over the next year, underperforming most U.S. counties.

[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] Top Employers

  1. 1
    Health First Healthcare
    5,000+
  2. 2
    Space Launch Delta 45 (US Air Force) Military
  3. 3
    Brevard County School Board Education
  4. 4
    L3Harris Technologies Technology
  5. 5
    Northrop Grumman Manufacturing
  6. 6
    Walmart Retail
    2,500+
  7. 7
    Blue Origin Technology
  8. 8
    Publix Super Markets Inc. Retail
  9. 9
    Brevard County Government Government
    1,000+
  10. 10
    John F. Kennedy Space Center (NASA) Government

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
32.9%
of residents (national avg: 33%)

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] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.2
per 100K · nat avg 6.3
Firearm Fatalities
16.9
per 100K · nat avg 14.8
Injury Deaths
118.8
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
43.7
Good
Good Air Days
75%
822 of 1,095 days
Unhealthy+ Days (3yr)
1
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
45
2022
43
2023
43
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

At 31/100, Brevard County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $71,308 combined with job growth of +1.4% suggests the local economy is struggling to keep pace with national trends.

Is Brevard County affordable?

Housing in Brevard County is roughly in line with national affordability norms. The median home costs $278,000 and the income-to-home-value ratio sits at 0.26, with rents averaging $1,327/month. Not a bargain, but not a stretch for most local earners either.

Is Brevard County growing or shrinking?

Brevard County is growing on multiple fronts. Population is up +1.5% year-over-year while employers added jobs at a +1.4% clip. Home values shifted -3.5% in the past year.

Are many people relocating to Brevard County?

Not particularly — 1.84% of Brevard County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Flagler County, FL 31 Orange County, FL 30 Seminole County, FL 33 Polk County, FL 28 St. Lucie County, FL 35 Bay County, FL 27 Dane County, WI 31 Berks County, PA 31