The real estate market in Brevard County has made and lost fortunes with impunity since it was officially recognized in 1844. With a population estimated in 2018 of just over half a million residents, there is not quite room for everyone to have the American dream.
Home to renewed growth in industry from giants such as SpaceX and L3Harris, young professionals and savvy investors have found a market ripe for purchase following the real estate bust of the last decade. But with every boom and bust of the market, real lives are impacted. Property values rocket out of reach for those of median income hoping to purchase, and this, in turn, created a run on the rental market.
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