City Point Community Church · Photo: Fl295 at English Wikipedia · Public domainMeasured against area pay, Sharpes costs less to live in than 60% of U.S. towns
It ranks #57 of 637 in Florida for affordability. Home prices around Sharpes have risen about 56% over the past 5 years.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Palm Bay-Melbourne-Titusville, FL metro area ($78K). How TownRatings grades cost of living
Only 4 sales in September 2026: in a market this size, monthly medians swing a lot, so the typical value is the steadier guide.
The grade compares costs with what households across the Palm Bay metro earn ($78K, Census 2020–24). The typical home costs 3.8 years of metro income, and 48% of renters pay 30% or more of income for housing.
In dollars
- $1,550a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 100prices across the Palm Bay metro, where the U.S. is 100 (housing 112)BEA Regional Price Parities, 2024
In paychecks the grade
- 3.8 yrsof area income buys the typical home; the typical U.S. town: 3.3$78K, Palm Bay-area income
- 13%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 48%of renters pay 30%+ of income for housing; across Florida: 60%Census 2020–24
- 25%of owners do; the typical U.S. town: 20%Census 2020–24
What stands out about housing in Sharpes
What’s behind Sharpes’ grade
Measured against what households in the area earn, Sharpes is more affordable than 60% of U.S. towns, #57 of 637 in Florida. The share of households paying 30%+ for housing pulls the grade down most; rent holds it up.
Home prices up 56% in 5 years
The federal house price index for the ZIP codes around Sharpes rose 56% over the past 5 years, slower than across Florida (60%). Last year prices rose 0.7%. Carrying the Census median home value forward with that index puts the typical Sharpes home at roughly $325,000 today.
Carrying the Census median forward with the index puts a typical home at about $325K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Sharpes, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A year’s rent takes 13% of area income
The calculator starts from the area income the grade uses. Switch to Sharpes’s own median, or type yours.
That’s $10K short of a typical Sharpes home.
A two-bedroom rents for about $1,550 a month here, $330 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Sharpes’s typical property tax (0.62% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,550
Renters already here pay a median of $856, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Palm Bay-Melbourne-Titusville, FL MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the Florida norm
The median bill is $1,843 (Florida: $2,730), 0.62% of a home’s value a year, against 0.76% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Sharpes
Only figures published free for the whole country, each labeled with the area it covers: the Palm Bay-Melbourne-Titusville, FL metro area, or Florida. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 100 | FL 103 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 96 | FL 98 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 88 | FL 90 | metro | BEA, 2024 |
| Other services U.S. = 100 | 99 | FL 101 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Sharpes vs. its neighbors
Zillow publishes no value for Sharpes. North Merritt Island and Port St. John have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Sharpes | B | — | $296K | 0.62% | $1,550 |
| Cocoa | C+ | $297K | $246K | 0.67% | $1,440 |
| North Merritt Island | C− | — | $525K | 0.60% | $1,520 |
| Port St. John | C+ | — | $281K | 0.55% | $1,570 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures.
Questions about the cost of living in Sharpes
Is Sharpes expensive to live in?
Measured against what households in the area earn, Sharpes costs less than 60% of U.S. towns: a B for cost of living, #57 of 637 in Florida. The typical home costs 3.8 years of the median household income of the Palm Bay-Melbourne-Titusville, FL metro area ($78K).
How much is rent in Sharpes?
HUD puts a two-bedroom at about $1,550 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $856 (Census 2020–24).
What are property taxes in Sharpes?
The median bill is $1,843 a year, 0.62% of the median home value (Florida: $2,730, 0.76%), from the Census 2020–24.
Neighbors talk housing
What Sharpes buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, September 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.