The Most Affordable Communities in Brevard County, FL
Where are the most affordable communities in Brevard County, FL? Ranked below by MLS median sale price — an objective measure from recorded closings, not an opinion — the 20 lowest-priced communities we track in Brevard County start at $68,000. Every ranking is a snapshot: medians move with what actually sold.
Brevard County affordability at a glance
The 20 most affordable communities, ranked
| # | Community | City | Median price | 1-yr change | Days on mkt |
|---|---|---|---|---|---|
| 1 | The Shire | Palm Bay | $68,000 | – | – |
| 2 | Colony Park | Merritt Island | $78,000 | – | – |
| 3 | Whispering Oaks | Titusville | $85,000 | – | – |
| 4 | Catalina Village | Cocoa | $90,000 | – | – |
| 5 | Williams Point Estates | Cocoa | $95,000 | – | – |
| 6 | Royal Palm Estates | Cocoa | $98,000 | – | – |
| 7 | Country Lake Estates | Cocoa | $110,000 | – | – |
| 8 | Paulana East | Melbourne | $123,000 | – | – |
| 9 | Lakefront Estates | Titusville | $124,000 | – | – |
| 10 | Merritt Island Village | Merritt Island | $128,000 | – | – |
| 11 | Pine Grove Park | Cocoa | $128,000 | – | – |
| 12 | Sherwood Ranchettes | Mims | $128,000 | – | – |
| 13 | Booker Heights | Melbourne | $130,000 | – | – |
| 14 | Greenboro Acres | Melbourne | $133,000 | – | – |
| 15 | Idlewylde Estates | Melbourne | $135,000 | – | – |
| 16 | Fairways at Royal Oak | Titusville | $140,000 | – | – |
| 17 | Hardeeville | Cocoa | $140,000 | – | – |
| 18 | Hollywood Estates | Melbourne | $144,000 | – | – |
| 19 | Columbiad Plaza | Cape Canaveral | $147,000 | – | – |
| 20 | Indian River Pines Townhouses | Titusville | $148,000 | – | – |
Ranked by MLS median sale price across recent closings in each community. A low median can reflect smaller homes, older stock, condo product, or land-lease/HOA structures — always compare what the price buys. Deemed reliable but not guaranteed.
What a low median actually means
A community median is set by what sold, so the cheapest entries on this list usually share a profile: smaller square footage, older construction, condo or manufactured product, or communities where land lease or age restrictions apply. Before you offer, check four things: the HOA or lot-rent obligation, the insurance quote (older roofs drive Florida premiums), whether financing is restricted (some condo buildings and land-lease parks limit loan types), and the property-tax reset — your bill is based on your purchase price, not the seller’s. Our buyer closing costs calculator and property tax calculator turn a list price into the real monthly number.
What it costs to own here
At Brevard County’s typical combined millage of 15.60 mills, a purchase at $68,000 (the lowest community median on this list) generates roughly $1,061 a year in property tax before exemptions — about $88 a month. Florida resets the assessed value to roughly your purchase price, so the seller’s current bill is not a preview of yours; a homesteaded owner then gets the $25,000–$50,000 exemption and the 3% Save Our Homes cap going forward. Citizens Property Insurance policies in Brevard County average about $2,348 a year ($196 a month) — private-market quotes vary with roof age and wind mitigation, so price coverage before your inspection window closes. All-in, our county model puts the typical monthly cost of ownership in Brevard County near $2,120 (principal and interest on the typical home, tax, and insurance).
Run your exact numbers: the property tax after purchase calculator uses Brevard County’s verified millage, and the buyer closing costs calculator builds the full cash-to-close.
Demand and supply in Brevard County right now
In the most recent IRS migration data (2022-2023), Brevard County gained a net 10,298 people to relocation, with the largest inbound flows from NY, CA, TX. Households moving IN reported average incomes of $80,978 versus $68,374 for those leaving — the income mix of demand, straight from tax filings. Population is up about 7.6% over the recent multi-year window. On the supply side, builders pulled 4,624 residential permits in Brevard County in 2025 (3,376 single-family), up 0.5% year over year — against 6,537 at the 2023 peak. Permits are tomorrow’s inventory: a shrinking pipeline supports prices, a swelling one hands buyers leverage. Our valuation model reads the county as undervalued by about 7.7% versus its income-and-rent fundamentals.
The Brevard County market, in context
Brevard County is the Space Coast — a 72-mile stretch of Atlantic beaches riding an aerospace boom led by SpaceX, Blue Origin, and L3Harris, anchored by Kennedy Space Center. The master-planned community of Viera has become one of the top-selling in the country, the beaches remain relatively attainable, and a wave of high-paying space-and-defense jobs is fueling some of the strongest population and demand growth in Florida.
The economy behind the market: {'drivers': 'aerospace and space launch, defense, advanced manufacturing, and healthcare', 'summary': "Brevard's economy is built on space and defense and is booming. L3Harris is headquartered in Melbourne and is the area's largest employer; Kennedy Space Center and NASA anchor the launch corridor; and the private space race has brought enormous expansion from SpaceX and Blue Origin — whose 'Project Horizon' is adding an 830,000-square-foot facility and roughly 500 jobs at high average salaries. Boeing, Lockheed Martin, Northrop Grumman, Embraer, Collins Aerospace, and Leonardo DRS round out one of the densest aerospace clusters in the country, with Health First anchoring healthcare.", 'employers': ['L3Harris Technologies (Melbourne HQ — largest employer)', 'Kennedy Space Center / NASA', 'Blue Origin (~4,000; Project Horizon expansion)', 'SpaceX', 'Health First', 'Northrop Grumman', 'Embraer', 'Collins Aerospace', 'Brevard Public Schools'], 'jobNote': 'L3Harris is headquartered in Melbourne; SpaceX and Blue Origin are in rapid, high-wage expansion across the launch corridor.'}
What could change it: As a barrier-island-and-lagoon county, Brevard carries real hurricane, storm-surge, and coastal-flood exposure, and the health of the Indian River Lagoon is an ongoing environmental concern. Insurance is rising as everywhere in coastal Florida. The economy, while booming, is concentrated in aerospace and defense — far more diversified than in past decades, but still sensitive to federal space and defense budgets.
Near-term outlook: Brevard is positioned as one of Florida's stronger growth stories over the next 12 months: the SpaceX/Blue Origin/L3Harris hiring wave is pulling in high-income households faster than housing can be built, supporting both prices and rents. Expect demand to stay firm, with the main brakes being coastal insurance costs and affordability creeping up from a low base.
Run the numbers in Brevard County
- Find the best agent in Brevard County
- Get a cash offer in Brevard County
- Brevard County housing scorecard
- What would selling net you
- Buyer closing costs calculator
Looking at the other end of the market? See the luxury communities in Brevard County.
Common questions
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Rankings are objective MLS median-sale-price aggregates as of 2026-06-16, change over time, and are deemed reliable but not guaranteed. They describe home prices only, not any characteristic of residents. Equal Housing Opportunity.