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 424 homes for sale in Brevard County, FL priced between $450,000 and $550,000 right now. At $500K, the typical home is 2,070 sq ft, built 2004, at $237/sq ft; 15% of them are new construction and the median has been on the market 64 days. The most house for the money is in Palm Bay (2,412 sq ft median); the least in Cape Canaveral (1,242 sq ft); the newest in Grant-Valkaria (median build year 2023).
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 | 113 | 2,412 | 4 / 3 | 2023 | $202 | 38% | 113 |
| Melbourne | 85 | 1,921 | 3 / 2 | 2005 | $259 | 6% | 80 |
| Titusville | 27 | 2,236 | 4 / 2.5 | 2003 | $212 | 0% | 56 |
| Cocoa Beach | 24 | 1,316 | 2 / 2 | 1980 | $392 | 0% | 177 |
| Merritt Island | 22 | 1,976 | 4 / 2.25 | 1990 | $260 | 0% | 19 |
| Satellite Beach | 21 | 1,388 | 3 / 2 | 1974 | $372 | 5% | 65 |
| Cocoa | 20 | 2,394 | 3 / 2.5 | 2015 | $222 | 40% | 77 |
| Indialantic | 19 | 1,550 | 3 / 2 | 1980 | $351 | 0% | 41 |
| Rockledge | 18 | 1,953 | 4 / 2 | 2002 | $260 | 0% | 81 |
| West Melbourne | 16 | 2,376 | 4 / 2.5 | 2008 | $216 | 0% | — |
| Cape Canaveral | 13 | 1,242 | 2 / 2 | 1988 | $383 | 0% | 8 |
| Melbourne Beach | 12 | 1,826 | 3 / 2 | 1995 | $265 | 0% | 59 |
| Mims | 11 | 2,336 | 4 / 2.5 | 1994 | $214 | 36% | 132 |
| Indian Harbour Beach | 8 | 1,256 | 2 / 2 | 1984 | $406 | 0% | 28 |
| Grant-Valkaria | 6 | 2,241 | 3 / 2.5 | 2023 | $223 | 17% | — |
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 | 51 | 2,434 | 2018 | $202 | 29% |
| 32940 Melbourne | 48 | 1,888 | 2018 | $263 | 8% |
| 32937 Satellite Beach | 29 | 1,300 | 1975 | $386 | 3% |
| 32904 West Melbourne | 26 | 2,430 | 2007 | $217 | 0% |
| 32907 Palm Bay | 25 | 2,257 | 2024 | $207 | 36% |
| 32931 Cocoa Beach | 24 | 1,316 | 1980 | $392 | 0% |
| 32780 Titusville | 21 | 2,225 | 2003 | $212 | 0% |
| 32903 Indialantic | 20 | 1,554 | 1981 | $345 | 0% |
| 32905 Palm Bay | 20 | 2,426 | 2023 | $197 | 45% |
| 32955 Rockledge | 18 | 1,953 | 2002 | $260 | 0% |
| 32926 Cocoa | 18 | 2,394 | 2015 | $222 | 44% |
| 32908 Palm Bay | 18 | 2,315 | 2024 | $205 | 56% |
Communities with the most homes near $500K
| Community | City | Homes for sale near $500K | Median sq ft | Median year built |
|---|---|---|---|---|
| Avalonia | Melbourne | 6 | 1,773 | 2022 |
| Country Club Estates | Palm Bay | 6 | 2,327 | 2026 |
| Magnolia Park At Bayside Lakes | Palm Bay | 5 | 2,276 | 2004 |
| Crystal Bay | Grant-Valkaria | 4 | 2,441 | 2024 |
| Indian River Preserve | Mims | 4 | 2,413 | 2026 |
| St. Johns Preserve | Palm Bay | 3 | 2,802 | 2023 |
| Cocoa Ocean Beach | Cocoa Beach | 3 | 1,536 | 1979 |
| Pangea Park | Melbourne | 3 | 1,921 | 2024 |
| Spoonbill Villas At Aquarina Stage | Melbourne Beach | 3 | 1,940 | 1996 |
| Gardens At Waterstone | Palm Bay | 3 | 2,649 | 2024 |
| Stonebriar At Bayside Lakes | Palm Bay | 3 | 2,761 | 2018 |
| Reserve At Country Club Lakes Estates | Palm Bay | 3 | 2,544 | 2026 |
| Sawgrass Lakes | West Melbourne | 2 | 2,790 | 2020 |
| National Police Home Foundation Inc | Melbourne | 2 | 2,412 | 1989 |
| Reeling Park Viera | Melbourne | 2 | 2,066 | 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 24, 2026; property mix at this price: Single-family 79%, Condo 14%, 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.