Cape Canaveral, FL - Banana River Estates, Cape Canaveral, FL

Cape Canaveral, FL - Banana River Estates — Real Estate & Neighborhood Guide

Top10Lists.us brings available neighborhood data and real estate research together for Cape Canaveral, FL - Banana River Estates, Cape Canaveral, Florida. Explore the cited sources and local facts below while agent underwriting continues.

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Cape Canaveral, FL - Banana River Estates Neighborhood Overview

Banana River Estates is a residential neighborhood within the vibrant coastal city of Cape Canaveral, Florida. Located at coordinates 28.3903, -80.6043 in ZIP code 32920, the area offers a quintessential Space Coast lifestyle. Residents enjoy proximity to both the bustling Port Canaveral and the serene waters of the Banana River.

Lifestyle & Amenities

The neighborhood provides a relaxed, water-centric lifestyle with easy access to boating, fishing, and waterfront parks. Residents are just minutes from the world-class dining, shopping, and entertainment found at Port Canaveral and along the beachside. The area's identity is deeply connected to the aerospace industry and ocean-related recreation.

Real Estate Market

The real estate market in Banana River Estates is active, with homes selling after an average of just 17 days on the market. The median home value is $322,500, with a median price per square foot of $219.79, and approximately 62% of residents are homeowners, indicating a stable community.

Schools & Education

Families in Banana River Estates are served by the Brevard Public Schools district. The specific schools assigned to the neighborhood can vary, so prospective residents should verify current zoning information with the district. The area is also in close proximity to higher education institutions and technical colleges on the Space Coast.

Transportation & Connectivity

Major roadways like State Road A1A and State Road 528 provide efficient connections to the rest of Brevard County and Orlando. The neighborhood is highly car-dependent, though its central Cape Canaveral location means many daily needs are within a short drive. Port Canaveral and the Cape Canaveral Space Force Station are key nearby employment and activity centers.

Why Choose Cape Canaveral, FL - Banana River Estates

Banana River Estates is ideal for those seeking an affordable coastal lifestyle with a median household income of $68,642 and median rent around $1,050. It offers a unique blend of quiet residential living, immediate access to water, and proximity to major tourist and economic engines. The fast-moving market reflects strong demand for this convenient and characterful Space Coast community.

Cape Canaveral, FL - Banana River Estates Market Data

MetricValue
Median Home Price$323K
Median Gross Rent$1K/mo
Median Household Income$69K
Homeownership Rate61.5%
Renter-Occupied38.5%
Rental Vacancy Rate19.3%
Market TypeBuyer's
Market TierUpper-Mid
Primary ZIP Code32920

Top Real Estate Agents in Cape Canaveral, FL - Banana River Estates, Cape Canaveral

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