Gross rental yield of 5.31% — ranked #587 of 687 Florida ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | -2.4% | +24.4% |
| Market rent | +0.6% | +23.8% |
Metro: Palm Bay-Melbourne-Titusville, FL · County: Brevard County · Annual rent: $26,160
Similar home values, sorted by yield — the cheapest way to see if 32940 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 33931 | Fort Myers Beach | FL | $495,854 | $6,614 | 16.01% | 6.2 | -5.2% |
| 33467 | Lake Worth Beach | FL | $488,250 | $2,801 | 6.88% | 14.5 | -1.7% |
| 33428 | Boca Raton | FL | $493,617 | $2,736 | 6.65% | 15.0 | -1.0% |
| 34239 | Sarasota | FL | $498,632 | $2,246 | 5.40% | 18.5 | -3.2% |
| 32765 | Oviedo | FL | $493,994 | $2,139 | 5.20% | 19.2 | -1.2% |
| 34238 | Sarasota | FL | $498,084 | $1,995 | 4.81% | 20.8 | -6.2% |
| 32233 | Jacksonville | FL | $495,374 | $1,903 | 4.61% | 21.7 | -0.5% |
| 32934 | Melbourne | FL | $496,294 | $1,775 | 4.29% | 23.3 | -1.0% |
Top rental yields in all of Florida →
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