ZIP 32940

32940 is one of 30 ZIP codes that lie mostly in Brevard County, FL.

Shaded by typical home value, it ranks 7 of the 26 with a value.

11 school locations in 32940: 1 elementary, 6 middle, 3 high, 1 other.

In alphabetical order: CONTRACTED RESIDENTIAL SERVICES, DEVEREUX HOSPITAL, MANATEE ELEMENTARY SCHOOL, MID COUNTY MIDDLE SCHOOL, and more on the ZIP page. Locations only — no ratings are shown here.

In January 2000 the typical home in 32940 was worth $160,430.

Values peaked at $523,401 in April 2024. The latest reading is −6.3% from that peak.

As of August 2026: $490,399, −0.9% over twelve months.

Start with the typical home: $490,399. Put 20% down and borrow $392,319 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $2,716 a month in principal and interest.

The median household here earns $106,511 a year, $8,876 a month. So the payment takes 30.6% of income — rated “stretched” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 10.0% in 2000.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in January 2000 (8.21%) the payment was $961.

In December 2020, with rates at 2.68%, it was $1,156.

By August 2026, at 6.67%, it was $2,523 — +118% since December 2020, while the home's value moved +37%.

Reported values rose +206% since January 2000.

General prices (CPI-U) rose +97% over the same span.

Divide one by the other: in August 2026 dollars, the 2000 home was worth $316,625. So the real change is +55%, not +206%.

32940: +206% since January 2000.

Brevard County: +220% since January 2000.

Florida: +245% since January 2000 — 32940 ran behind it by 39 points.

Owning the typical home costs about $3,207 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $2,189 a month.

Price divided by a year's rent: 18.7. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 121 a month (Redfin, 3-month rolling data through August 2026). That is 93% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 304. That is 70% of the 2015–2019 level for the same months.

Going out — closed sales: about 129 a month. That is 96% of the 2015–2019 level for the same months.

The ladder: homes for sale ÷ monthly sales = 2.4 months of supply — below the 4–6 month range Lotvox treats as balanced. In the basin, that is the water level against the shaded balanced band.

The net reading: about 8 more homes sold than came on each month, so inventory is shrinking. The basin is draining.

Homes sold: about 129 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 106 — so sales ran at 122% of it, and below it in 9 of the last 24 months.

Across Brevard County, builders pulled permits for 4,624 new homes in 2025.

Of those, 73% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Brevard County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 6,046 moved in. Among the ten receiving the most, 3,979 moved out.

Net across those counties: +2,067 households. Beside it, homes for sale in this ZIP: 304 in June 2026.

Most arrivals came from Orange, FL (1,458 households); most departures went to Orange, FL (1,196).