Cocoa, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Cocoa, Florida rental market.
Cocoa, Florida
Average Apartment Rent
$1,771
Y-o-Y Change in Average
Apartment Rent
11%
As of November 2024
Compared to a year ago, Cocoa, Florida apartments have recorded a 11% rent increase.
Cocoa, Florida Average apartment rent trend
Cocoa, Florida Average Apartment Rent
Cocoa, Florida Apartment rent ranges
At 36.77%, apartments priced $1,500 - $2,000 represent the bulk of Cocoa, Florida rentals, while condos priced $700 - $1000 hold the lowest share of the market – 1.49%.
Cocoa, Florida Housing tenure**
Renters take up 35% of Cocoa, Florida real estate, occupying a total of 2,773 units, while homeowners live in 5,152 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$35,758
Average household size of renter-occupied housing units**
2.39
Rental vacancy rate**
24.4%
Cocoa, Florida Renter-occupied housing units by no. of bedrooms**
There are 1,025 rentals in Cocoa, Florida with 2 beds making up the highest share of the market, at 37%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 55 units. Overall, the median number of rooms in Cocoa, Florida homes for rent is 4.2.
Cocoa, Florida Renter-occupied units by age of householder**
Most condos for rent in Cocoa, Florida are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 1%.
Cocoa, Florida Renter-occupied housing units by family type**
Cocoa, Florida Renter-occupied housing units by the presence of own children**
A total of 1,324 apartments for rent in Cocoa, Florida, or 48% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 930 units. All in all, the median size of a renter-occupied household in Cocoa, Florida is 2.39.
Cocoa, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 19% of the rental market. In contrast, residents with less than a high school degree reside in 18% of the homes for rent in Cocoa, Florida.
Cocoa, Florida Renter-occupied units by year structure built**
The highest share of Cocoa, Florida apartment rentals, namely 20% or 564 units, were Built 1960 - 1969, followed by those Built 1980 - 1989 (19%, 530 units), and the ones Built 1950 - 1959 (17%, 466 units).
Cocoa, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Cocoa, Florida renters (49%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Cocoa, Florida condos for rent is 2016.
Cocoa, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 58% of Cocoa, Florida renters have 1 vehicle available per household, 20% of them have 2 vehicles available, and 17% have No vehicle available.
Cocoa, Florida Means of transportation to work of householders living in renter-occupied housing units**
Cocoa, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
Cocoa, Florida Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Cocoa, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
