Housing market/Florida/ZIP 32922

ACS 2023 · FY2027 SAFMR

ZIP 32922 Cocoa, Florida

Palm Bay-Melbourne-Titusville, FL MSA · Florida. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
15,510
Households
6,966
Median HH income
$46,138
Renter share
46.1%
Median gross rent
$1,057
Vacancy
19.6%
Pop. change
-1.5%
2BR SAFMR
$1,310
SAFMR / rent
1.239×
2–49 unit stock
2,280
LIHTC proj / units
3 / 364
HUD assisted MF
11 / 757

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 32922 · FL — sent to you.

ZIP 32922 · FL

ACS median rent$1,057
2BR SAFMR$1,310
90% floor$1,179
110% ceiling$1,441

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 32922

  • 1-unit detached4,73654.6%
  • 1-unit attached2983.4%
  • 2–4 units4635.3%
  • 5–49 units1,81721.0%
  • 50+ units5996.9%
  • Mobile7548.7%
TypeUnitsShare
1-unit detached4,73654.6%
1-unit attached2983.4%
2 units (duplex)1661.9%
3–4 units2973.4%
5–9 units6026.9%
10–19 units5676.5%
20–49 units6487.5%
50+ units5996.9%
Mobile7548.7%

2–4 unit share 5.3% · 5–49 unit share 21.0% · combined 2–49 26.3%.

Units by bedrooms

Studio
170
1BR
1,325
2BR
3,052
3BR
3,081
4BR
932
5+
107

Rent burden

Rent ≥30% of income58.3%
Rent ≥50% of income28.5%
  • ACS median gross rent $1,057 (all bedrooms, occupied rentals).
  • Median contract rent $929.
  • Renters paying ≥30% of income 58.3%; ≥50% 28.5%.
  • FY2027 2BR SAFMR $1,310 (1.239× ACS median gross rent).

Population

15,510 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -1.5%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 364 units.
  • HUD project-based assisted MF: 11 properties, 757 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,230 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 32922 46.1% of occupied households are renters; vacancy is 19.6%; ACS median gross rent is $1,057; population changed -1.5% between the 2018 and 2023 ACS vintages; the housing stock includes 463 units in 2–4-unit structures and 1,817 units in 5–49-unit structures; 3 LIHTC projects totaling 364 units; FY2027 2BR SAFMR is $1,310 versus ACS median gross rent of $1,057. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Florida research

ZIP 32922 is a Census / HUD profile for Palm Bay-Melbourne-Titusville, FL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Florida research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 32922?

ZIP 32922 (Palm Bay-Melbourne-Titusville, FL MSA) has 15,510 residents, 6,966 households, a renter share of 46.1%, median household income of $46,138, and ACS 2023 median gross rent of $1,057. Vacancy is 19.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 32922?

ACS counts 166 units in 2-unit buildings, 297 in 3–4 unit buildings, 602 in 5–9, 567 in 10–19, and 648 in 20–49. Combined 2–49 unit stock is 2,280 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 32922?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,310. See the full schedule and 90–110% payment-standard band on the ZIP 32922 — Cocoa, FL HUD Section 8 Payment Standards / SAFMR.

Does this Florida ZIP profile include Georgia listings?

No. ZIP 32922 is Census / HUD research for Palm Bay-Melbourne-Titusville, FL MSA. Jeff Crowe CRE does not list Florida property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.