The typical owner-occupied home in Brevard is worth about $450,000, 56% above the North Carolina median of $288,900 and 35% above the national median of $332,700. Owners pay a median $2,555 a year in property taxes, about 0.57% of their home's value, lower than the North Carolina rate of 0.66%. The median household earns $54,103 a year, so the median home costs 8.3 times the median income (4.0 times for North Carolina). 51% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Brevard at a glance
| Brevard | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $450,000 | $288,900 | $332,700 |
| Median property tax paid per year | $2,555 | $1,896 | $3,119 |
| Property tax as a share of value | 0.57% | 0.66% | 0.94% |
| Median household income | $54,103 | $72,388 | $80,734 |
| Homes lived in by their owners | 51% | 67% | 65% |
| Owner homes with a mortgage | 55% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,609 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 27.1% | 19.4% | 21.0% |
| Median rent | $979 | $1,228 | $1,413 |
| Rent as a share of renters' income | 29.3% | 29.5% | 30.6% |
| Median year homes were built | 1974 | 1991 | 1980 |
| Vacant homes | 13.3% | 12.5% | 10.1% |
| Population | 7,897 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Brevard
At this week's average 30-year rate of 7.11%, buying the median Brevard home of $450,000 with 20% down costs about $2,823 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,573, 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 $120,985 for the 20%-down payment. That payment is 63% of the median Brevard household income of $54,103; at that income and 20% down, the 28% guideline points to a home of about $201,000.
The median rent here is $979 a month, so owning the median home costs about $1,844 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $90,000 |
|---|---|
| Loan amount | $360,000 |
| Principal and interest | $2,422 |
| Property taxes (0.57% a year) | $214 |
| Homeowners insurance (our estimate, 0.5% a year) | $188 |
| PMI | $0 |
| Total per month | $2,823 |
Change the numbers in the calculator
| Down payment | $15,750 |
|---|---|
| Loan amount | $441,849 |
| Principal and interest | $2,972 |
| Property taxes (0.57% a year) | $214 |
| Homeowners insurance (our estimate, 0.5% a year) | $188 |
| FHA mortgage insurance | $199 |
| Total per month | $3,573 |
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Questions about home buying in Brevard
What is the median home value in Brevard?
About $450,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Brevard?
Homeowners pay a median $2,555 a year, which is about 0.57% 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 Brevard?
For the median home with 20% down at 7.11%, the payment is about $2,823 a month. Keeping that under 28% of gross income takes about $120,985 a year.
More about Brevard
- Mortgage Refinance in Brevard
- Debt Relief in Brevard
- Home Equity Loans in Brevard
- 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