Rent to own Homes in Cocoa, FL
Looking for a change of pace? Check out this gem on Florida's Space Coast. Cocoa is a close-knit community that celebrates its heritage and embraces the possibilities of tomorrow with all the amenities of today. Founded by fishermen in the 1860s, Cocoa began as a small settlement along the Indian River. Now, this 14-square mile town is home to 8,610 dwellings and a population of 17,254. With its hometown charm, natural wonders and proximity to the popular attractions in Orlando and Kennedy Space Center, it's easy to see why residents call Cocoa home.
Cocoa, FL is a great place for affordable rent-to-own homes! With a median household income of over $45,011 and a median rent of $865, the Cocoa, FL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Cocoa, FL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Cocoa, FL Property Resources
Rent to own Homes in Cities Near Cocoa, FL
- Alafaya
- Bithlo
- Cape Canaveral
- Christmas
- Cocoa
- Cocoa Beach
- Cocoa West
- Indialantic
- Indian Harbour Beach
- June Park
- Melbourne
- Melbourne Beach
- Melbourne Village
- Merritt Island
- Mims
- North Merritt Island
- Palm Bay
- Palm Shores
- Patrick AFB
- Port St. John
- Rockledge
- Satellite Beach
- Sharpes
- South Patrick Shores
- Titusville
- Tropical Park
- Viera East
- Viera West
- Wedgefield
- West Canaveral Groves
- West Melbourne
Neighborhoods in Cocoa, FL
Britt Estates rent to own homes Cocoa Commons rent to own homes Adamson Creek rent to own homes Alpinecrest rent to own homes Barlows S/d rent to own homes Bodifield rent to own homes Broadmoor Acres rent to own homes Broadview Manor rent to own homes Carleton Terrace rent to own homes Carlton Terrace rent to own homesPopular Zip Codes in Cocoa, FL
32924 rent to own homes 32923 rent to own homes 32922 rent to own homesBuying a Home in Cocoa, FL
Cocoa, FL is seeing rapid growth and Cocoa, FL's' housing market remains optimal with an average home price that is -41% below the 2024 national average. Cocoa, FL is part of Brevard county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Brevard is 0.87% which is below the national average, which is 0.99%.
Median Home Price in Cocoa, FL
Median Rent in Cocoa, FL
Top 4 Reasons to Move to Cocoa, FL
More vacancies! With an overall vacancy rate of 16.33 percent, Cocoa's extensive real estate opportunities range from post-war bungalows to spacious single family detached homes. Rental rates in the area are 26.6 percent lower than the Florida average, which means the perfect apartment or house may cost less than expected. Search the Cocoa Heights or Crestview Acres neighborhoods for mature rent to own properties with plenty of charm. Look near Canaveral Groves for newer homes at moderate prices.
Convenient to local attractions! Locals love taking day trips along the coast. From thrill rides to chilling out by the seaside, Cocoa residents have easy access to all the Central Florida sights. The Beachline Expressway connecting Cocoa to Orlando, Merritt Island and Cape Canaveral makes getting away and getting home a breeze. Homebodies can take advantage of activities in town, like the Don Mo Stradley Memorial Park or Eastern Florida State College's Planetarium & Observatory, which offers live tours of the night sky, laser shows and science documentaries.
Low cost of living! Living in Cocoa has financial perks. The cost of living is currently 12.7 percent less than the U.S. average. Decreased household costs means homeowners can comfortably afford a dream home, whether it's a hot property in the in-demand suburbs of Port St. John or ample acreage in the rural outskirts of Viera.
Attractive historic downtown! As one of Florida's oldest settlements, Cocoa is proud of its cultural heritage and embraces its roots in the revitalized downtown area. Historic Cocoa Village is a destination for shopping, dining and nighttime entertainment, as well as seasonal events. Locals enjoy visiting Riverfront Park for a sunset stroll along the riverside boardwalk. Love the thrill of live theater? Go from boardwalk to Broadway and take in a professional quality show at the Historic Cocoa Village Playhouse.