Total monthly cost of ownership
Cost to Own a Home in Cocoa, Florida
A $216,000 home here costs
$1,740per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,110. The real number is $630 higher every month — 57% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Cocoa against Brevard County and Florida
| Measure | Cocoa | Brevard County |
|---|---|---|
| Median home value | $215,700 | $304,400 |
| Median property tax | $1,375 | $2,139 |
| Effective tax rate | 0.637% | 0.703% |
| Median gross rent | $1,180 | $1,456 |
| Population | 19,330 | 620,533 |
The weather behind that power bill
Cocoa sits in Brevard County, which averages a high of 89.7°F in its hottest month and a low of 51.7°F in its coldest, with 50.79" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 3,446 cooling and 485 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Brevard County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Brevard County
Full Brevard County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Cocoa?
A $216,000 home in Cocoa, Florida costs approximately $1,740 per month with 20% down at 6.66%. That is $1,110 principal and interest, $115 property tax, $131 homeowners insurance, $204 utilities and $180 set aside for maintenance.
What is the property tax rate in Cocoa?
Cocoa has an effective property tax rate of 0.637%, based on a median home value of $215,700 and median real estate taxes of $1,375. That is lower than the Brevard County average of 0.703%.
What is the average home price in Cocoa?
The median owner-occupied home value in Cocoa, Florida is $215,700, against $304,400 across Brevard County.
Is it cheaper to rent or buy in Cocoa?
Median gross rent in Cocoa is $1,180 a month, against $1,740 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cocoa — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Florida.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.