Cocoa Beach, Fl

Population: 11,325
Average annual home appreciation rate: 21.48%
Total of homes for sale in this market: 193
Median home price: $301,545
Median Rent: $1,329
Home price range: 29.71% of homes are between $127,001 – $253,000
Median sales price: $216,500
Number of homes: 56
Median foreclosure sales price: $205,000
Foreclosure discount: Still Gathering Data
Most common home type: 56.52% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 37.42%
Number of renters: 30.21%
Number of owner occupied: 69.80%
Number people living below poverty level: 10.35%
Unemployment rate: 6.10%
Is this area perfect for real estate deals going on right now? Cocoa Beach shows lots of promise for those who are savvy investors. Just to point out a few: 1. Solid decade of positive home appreciation…and climbing. 2. Multiple vacant properties on the market. (Could lead to great opportunities for csh buyers) 3. Significant discounts of troubled properties (28.9%) (Big savings due to motivated sellers ridding themselves of the property. 4. High rental rates. There are many other factors, but one can see that this is somewhere that a savvy investor could make a lot of money.

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