The typical owner-occupied home in Cocoa Beach is worth about $503,200, 40% above the Florida median of $359,000 and 51% above the national median of $332,700. Owners pay a median $3,481 a year in property taxes, about 0.69% of their home's value, lower than the Florida rate of 0.76%. The median household earns $87,990 a year, so the median home costs 5.7 times the median income (4.8 times for Florida). 79% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Cocoa Beach at a glance
| Cocoa Beach | Florida | U.S. | |
|---|---|---|---|
| Median home value | $503,200 | $359,000 | $332,700 |
| Median property tax paid per year | $3,481 | $2,730 | $3,119 |
| Property tax as a share of value | 0.69% | 0.76% | 0.94% |
| Median household income | $87,990 | $74,568 | $80,734 |
| Homes lived in by their owners | 79% | 68% | 65% |
| Owner homes with a mortgage | 46% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,312 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 23.8% | 23.6% | 21.0% |
| Median rent | $1,569 | $1,669 | $1,413 |
| Rent as a share of renters' income | 32.6% | 35.2% | 30.6% |
| Median year homes were built | 1975 | 1988 | 1980 |
| Vacant homes | 33.5% | 14.7% | 10.1% |
| Population | 11,377 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Cocoa Beach
At this week's average 30-year rate of 7.11%, buying the median Cocoa Beach home of $503,200 with 20% down costs about $3,207 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,045, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $137,445 for the 20%-down payment. That payment is 44% of the median Cocoa Beach household income of $87,990; at that income and 20% down, the 28% guideline points to a home of about $322,000.
The median rent here is $1,569 a month, so owning the median home costs about $1,638 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $100,640 |
|---|---|
| Loan amount | $402,560 |
| Principal and interest | $2,708 |
| Property taxes (0.69% a year) | $289 |
| Homeowners insurance (our estimate, 0.5% a year) | $210 |
| PMI | $0 |
| Total per month | $3,207 |
Change the numbers in the calculator
| Down payment | $17,612 |
|---|---|
| Loan amount | $494,086 |
| Principal and interest | $3,324 |
| Property taxes (0.69% a year) | $289 |
| Homeowners insurance (our estimate, 0.5% a year) | $210 |
| FHA mortgage insurance | $223 |
| Total per month | $4,045 |
Change the numbers in the calculator
Questions about home buying in Cocoa Beach
What is the median home value in Cocoa Beach?
About $503,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cocoa Beach?
Homeowners pay a median $3,481 a year, which is about 0.69% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Cocoa Beach?
For the median home with 20% down at 7.11%, the payment is about $3,207 a month. Keeping that under 28% of gross income takes about $137,445 a year.
More about Cocoa Beach
- Mortgage Refinance in Cocoa Beach
- Debt Relief in Cocoa Beach
- Home Equity Loans in Cocoa Beach
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data