Sell Your Commercial Property In Brevard County, FL

Who rents in Brevard County

Renters head 60,086 of the 257,695 occupied households in Brevard County, a 23.3% share in the 2020-2024 ACS. Owners outnumber them, holding 197,609 households. Across Florida, renters make up 32.4% of households, so Brevard County skews more toward ownership than the state as a whole.

Melbourne carries the largest renter pool among the covered cities, with 14,916 renter households, about 24.8% of the Brevard County total. Palm Bay follows with 9,295 renter households, and Titusville with 5,468. Rockledge and West Melbourne are smaller renter markets, each under 3,000 renter households, though both post median incomes above the county figure.

Rents, growth and affordability

Brevard County's median gross rent climbed 45.7%, from $1,068 to $1,556, between the 2015-2019 and 2020-2024 surveys. Population grew far more slowly over the same span, up 8.1% to 632,780 residents. Renter households rose just 1.6%, adding 938 households.

Units in 5+ unit buildings in Brevard County grew 3.6%, an increase of 1,827 units, trailing Florida's 8.8% statewide pace. Rental vacancy stands at 10.8%, above the 7.6% Florida rate, which gives buyers more cushion on lease-up than the statewide average suggests.

Rent burden runs heavy in Brevard County: 55.7% of renters paid 30% or more of income on gross rent in the 2020-2024 ACS. HUD's FY2027 two-bedroom Fair Market Rent for the Palm Bay-Melbourne-Titusville area is $1,779, a $223 premium over the county's median gross rent.

On price, Brevard County trails the state. Its $1,556 median gross rent runs $113 below the $1,669 Florida median, even after Brevard County's rent growth outpaced the statewide rate over the same five years.

City-by-city comparison

Melbourne carries the deepest apartment stock among Brevard County's covered cities, with 25.9% of its housing units in 5+ unit buildings. Titusville and West Melbourne follow at 21.9% and 19.8%. Palm Bay, the county's largest city, holds the smallest multifamily share at 8.1%.

Vacancy varies sharply across Brevard County. Melbourne posts the lowest rate, at 6.2%, while Titusville reaches 17.9%. Rent ranges from $1,334 in Titusville to $1,845 in West Melbourne.

Melbourne pairs that low vacancy with the highest renter share in the table, at 40.3%. Rockledge runs a smaller renter pool but the second-highest rent, at $1,820, among Brevard County's five covered cities.

Property taxes and assessment in Brevard County

Brevard County assesses commercial and multifamily property at just value as of January 1 each year, under Florida's constitutional assessment framework. Non-homestead property, which covers rental and commercial buildings, cannot see its assessed value rise more than 10% in a single year, even when market value jumps further.

Florida applies no reassessment-on-sale trigger for non-homestead parcels the way the Save Our Homes cap works for owner-occupied homes. A seller's current tax bill in Brevard County is not necessarily what a buyer inherits, since the assessed value steps up gradually under the 10% cap rather than resetting to the sale price. Check with the Brevard County Property Appraiser for the parcel's current assessed value before pricing a deal.

What this means if you sell in Brevard County

When you sell commercial property in Brevard County, FL, you sell into a market still tilted toward owners, with renters holding only 23.3% of households against Florida's 32.4% rate. The 10.8% rental vacancy rate gives buyers room to negotiate on lease-up assumptions, especially outside Melbourne's tighter 6.2% rate.

Taxes come next. Brevard County's 10% annual cap on non-homestead assessment increases means a buyer is pricing a gradual basis step-up, not a single reset. Rent control is not a factor: Florida Statute 125.0103 preempts counties and cities from price-control ordinances outside a narrow voter-approved emergency process.

As a multifamily buyer in Brevard County, we review 5+ unit buildings from Melbourne to Titusville as they stand today. Selling an apartment building in Brevard County, FL works best with a current rent roll, a T-12 and the latest tax notice in hand.