Brevard is unique because many different types of land and homes can be found within its boundaries for a variation of costs. No matter what your budget is, or your lifestyle preference, the perfect home can be found in this extraordinary county! A home in Brevard county can run as much as $500,000 or more but home ownership in the area can also be as little as $30,000. In northern Brevard, a 1,500 sq. ft. three bedroom, two bathroom existing home can be found for a price in the mid $70’s while in central Brevard, a similar home would cost about ten thousand more. Even very nice and upscale housing on the waterfront can be very affordable running buyers an average price just over $110,000. In a 2008 study, an independently contracted consulting firm determined that 19.3% of homes in Brevard were undervalued in the local market at an average cost of $129, 400. Seventy-two miles of oceanfront and many more miles of riverfront property make the county a great home for a person or family that enjoys spending time on the water or loves the waterfront views.
An important benefit and reason why Brevard homebuyers enjoy becoming property owners in Brevard County is, for one, there’s no state tax in Florida to pay, so if a buyer is moving here from a state with an applicable state tax, they won’t have to pay it in Brevard. Homeowners also enjoy the ability to file a Homestead Exemption of their household as a permanent residence. With an exemption, it can reduce the taxable value of the homeowner’s property by $50,000 saving Brevard homeowners lots of tax dollars implemented by all homestead taxing authorities.
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