What $500K Buys in Brevard County, FL
A $500K budget buys a very different house depending on which Brevard County city you point it at. This page compares every city with at least five active listings within 10% of $500K — size, age, bed and bath count, price per square foot, how much of the inventory is new construction and how long it has been sitting — from today’s live MLS actives, and lists the communities with the most homes at that price. It refreshes every night.
There are 392 homes for sale in Brevard County, FL priced between $450,000 and $550,000 right now. At $500K, the typical home is 2,051 sq ft, built 2004, at $244/sq ft; 14% of them are new construction and the median has been on the market 46 days. The most house for the money is in West Melbourne (2,486 sq ft median); the least in Indian Harbour Beach (1,236 sq ft); the newest in Grant-Valkaria (median build year 2024).
What $500K buys, city by city
| City | Homes for sale | Median sq ft | Beds / baths | Median year built | $ / sq ft | New construction | Median DOM |
|---|---|---|---|---|---|---|---|
| Palm Bay | 91 | 2,434 | 4 / 3 | 2023 | $200 | 36% | 107 |
| Melbourne | 67 | 1,873 | 3 / 2 | 2007 | $263 | 6% | 13 |
| Cocoa Beach | 26 | 1,316 | 2 / 2 | 1980 | $385 | 0% | 8 |
| Titusville | 25 | 2,225 | 4 / 2.5 | 2003 | $212 | 0% | 50 |
| Satellite Beach | 23 | 1,471 | 3 / 2 | 1974 | $355 | 4% | 71 |
| Cocoa | 21 | 2,213 | 3 / 2.5 | 2015 | $229 | 43% | 109 |
| Merritt Island | 21 | 1,871 | 4 / 2 | 1990 | $265 | 0% | 1 |
| Indialantic | 19 | 1,550 | 3 / 2 | 1980 | $349 | 0% | 16 |
| West Melbourne | 17 | 2,486 | 4 / 2.5 | 2015 | $213 | 0% | 148 |
| Rockledge | 16 | 1,926 | 3 / 2 | 2000 | $251 | 0% | 57 |
| Mims | 16 | 2,336 | 4 / 2.75 | 1993 | $214 | 38% | 81 |
| Cape Canaveral | 14 | 1,457 | 3 / 2 | 1990 | $343 | 0% | — |
| Melbourne Beach | 12 | 1,609 | 3 / 2 | 1992 | $319 | 0% | 1 |
| Indian Harbour Beach | 7 | 1,236 | 3 / 2 | 1964 | $405 | 0% | 1 |
| Grant-Valkaria | 5 | 2,312 | 4 / 3 | 2024 | $205 | 20% | — |
By ZIP code: where $500K goes furthest
The same budget by ZIP — useful where one city covers most of the county.
| ZIP | Homes for sale | Median sq ft | Median year built | $ / sq ft | New construction |
|---|---|---|---|---|---|
| 32909 Palm Bay | 44 | 2,437 | 2020 | $202 | 30% |
| 32940 Melbourne | 36 | 1,784 | 2019 | $281 | 11% |
| 32937 Satellite Beach | 30 | 1,456 | 1973 | $355 | 3% |
| 32904 West Melbourne | 28 | 2,460 | 2010 | $217 | 0% |
| 32931 Cocoa Beach | 26 | 1,316 | 1980 | $385 | 0% |
| 32780 Titusville | 21 | 2,225 | 2003 | $212 | 0% |
| 32903 Indialantic | 20 | 1,554 | 1980 | $345 | 0% |
| 32907 Palm Bay | 18 | 2,528 | 2024 | $196 | 39% |
| 32955 Rockledge | 16 | 1,926 | 2000 | $251 | 0% |
| 32926 Cocoa | 16 | 2,321 | 2020 | $227 | 50% |
| 32754 Mims | 16 | 2,336 | 1993 | $214 | 38% |
| 32905 Palm Bay | 15 | 2,418 | 2022 | $197 | 40% |
Communities with the most homes near $500K
| Community | City | Homes for sale near $500K | Median sq ft | Median year built |
|---|---|---|---|---|
| Indian River Preserve | Mims | 6 | 2,336 | 2026 |
| Crystal Bay | Grant-Valkaria | 4 | 2,441 | 2024 |
| St. Johns Preserve | Palm Bay | 4 | 2,915 | 2023 |
| Gardens At Waterstone | Palm Bay | 4 | 2,587 | 2024 |
| Country Club Estates | Palm Bay | 4 | 2,327 | 2026 |
| Cocoa Ocean Beach Subd | Cocoa Beach | 3 | 1,536 | 1979 |
| Magnolia Park At Bayside Lakes | Palm Bay | 3 | 2,273 | 2004 |
| Avalonia | Melbourne | 3 | 1,770 | 2022 |
| Pangea Park | Melbourne | 3 | 1,921 | 2024 |
| The Lakes at St. Sebastian | Micco | 3 | 2,396 | 2022 |
| Harbor Heights | Cape Canaveral | 3 | 1,242 | 1963 |
| Sawgrass Lakes | West Melbourne | 2 | 2,790 | 2020 |
| Powells Resubd Of Melbourne | Melbourne | 2 | 1,047 | 1930 |
| Port St John | Cocoa | 2 | 2,359 | 1996 |
| Courtyard At Waterstone | Palm Bay | 2 | 2,479 | 2022 |
How to read this
Counts and medians are computed from active MLS listings priced within 10% of $500K ($450,000–$550,000) as of October 5, 2026; property mix at this price: Single-family 78%, Condo 15%, Townhouse 6%. Cities with fewer than five listings in the band are folded out of the city table but still count in the county total. Prices are asking prices, not closings — see the county page for sale-to-list ratios. Source: live MLS feeds compiled by Momentum Research. Other budgets in Brevard County: $300K, $400K, $750K, $1M. Back to homes for sale in Brevard County, FL.