Living in Satellite Beach FL: Best Areas & Costs (2025)

Want to live where others vacation?

Living in Satellite Beach, FL offers sunny beaches, safety, and a tight-knit coastal community—just minutes from Melbourne and Cape Canaveral.

But with rising home prices and zoning restrictions, is it still a smart move in 2025?

Here’s what you need to know—from the best neighborhoods to real estate trends, costs, and how to lock in rebates up to 75% with reAlpha.

Yes—if you value peace, proximity to tech jobs, and outdoor living.

According to local data, Satellite Beach ranks among the safest cities in Florida. The average commute is just 25 minutes, and schools rank high in Brevard County.

Pros:

• Top-tier schools
• Active community events
• Low crime rates
• Close to Melbourne & Orlando jobs

Cons:

• Hurricane risk (get flood insurance)
• Limited public transit
• Competitive housing market

Yes, if you’re in it for the long haul.

With prices up 4.2% YoY and homes selling faster (45 days avg.), buyers are seeing steady appreciation.

• Waterfront homes = fastest to sell
• Zoning laws favor long-term occupancy
• Future outlook: Stable prices, rising demand

Pro Tip: Bundle your mortgage, title, and agent with reAlpha to unlock up to 75% of your buyer agent commission back.

Satellite Beach offers a variety of neighborhoods, each catering to different lifestyles, budgets, and priorities. Whether you're looking for a family-friendly community, a vibrant area for young professionals, or a serene coastal retreat, there's a perfect neighborhood for you.

🏡 Median Home Price: ~$550,000

📍 Why Live Here?

• Top-rated schools in the Brevard County School District.

• Quiet, well-maintained streets with spacious homes.

• Proximity to parks and playgrounds for outdoor activities.

• Community-focused neighborhood with a friendly atmosphere.

Waterway Estates is a great option for families seeking excellent schools and a close-knit environment.

🏡 Median Home Price: ~$700,000

📍 Why Live Here?

• Direct access to the Banana River with private docks.

• Ideal for boating, fishing, and water sports enthusiasts.

• Upscale homes with stunning waterfront views.

• A peaceful and exclusive feel with limited traffic.

The Moorings is perfect for retirees and professionals looking for a serene waterfront lifestyle.

🏡 Median Home Price: ~$650,000

📍 Why Live Here?

• Gated community with resort-style amenities.

• Modern, spacious homes with high-end finishes.

• Community pool, clubhouse, and fitness center.

• Close proximity to the beach and shopping centers.

Montecito is ideal for buyers looking for a luxurious, secure community with top-tier amenities.

🏡 Median Home Price: ~$600,000

📍 Why Live Here?

• Steps away from pristine beaches and surfing spots.

• A mix of charming beach cottages and modern homes.

• Walkable access to cafes, restaurants, and parks.

• Strong community vibe with regular local events.

If beach access is your top priority, Hightower Beach is the place to be.

🏡 Median Home Price: ~$450,000

📍 Why Live Here?

• More affordable compared to other Satellite Beach areas.

• A mix of single-family homes and townhouses.

• Easy access to major roads and nearby cities.

• Diverse community with a mix of professionals and retirees.

South Patrick Shores is a great option for first-time home buyers or those looking for a more budget-friendly option.

✅ For families: Waterway Estates, Montecito

✅ For waterfront living: The Moorings

✅ For luxury & space: Montecito

✅ For beachfront living: Hightower Beach Area

✅ For affordability: South Patrick Shores

No matter your budget or lifestyle, Satellite Beach has a neighborhood that fits your needs!

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Housing is the biggest factor in the cost of living. Whether you're buying or renting, understanding costs is key.

• Median Home Price: $525,000 (as of March 2025).

• Down Payment: Usually 10-20% (some loans offer as low as 3%).

• Mortgage Payment (PITI): Varies based on loan terms.

• Closing Costs: Typically 2-5% of the home price.

• Maintenance & Repairs: Budget 1-3% of home value annually.

• You need flexibility (job relocation, travel, etc.).

• A 20% down payment is not feasible.

• You prefer to avoid home maintenance.

• You plan to stay in Satellite Beach for 5+ years.

• You can comfortably afford the mortgage and taxes.

• You want to build equity over time.

• 1-Bedroom Apartment: ~$1,800/month

• 2-Bedroom Apartment: ~$2,300/month

• Single-Family Home: ~$3,200/month

• Groceries: Slightly above the national average.

• Utilities: In line with the national median.

• Healthcare: High-quality medical facilities nearby in Melbourne.

• Transportation: Most residents own cars; limited public transit options.

Beyond its stunning coastal scenery, Satellite Beach offers a high quality of life, combining small-town charm with access to modern amenities.

• The city offers a mix of affordable inland homes and luxurious waterfront properties.

• The median home price is competitive compared to other Florida coastal towns, making it attractive for homebuyers seeking value.

• Satellite Beach residents have access to quality healthcare through nearby facilities such as Health First's Viera Hospital and Holmes Regional Medical Center.

• Several specialized clinics and urgent care centers are available for routine and emergency medical needs.

• Brevard County School District is well-rated, offering strong public school options.

• Private schools such as Holy Trinity Episcopal Academy provide alternative education choices.

• Higher education opportunities are available through nearby institutions like Florida Institute of Technology and Eastern Florida State College.

• The average commute time in Satellite Beach is around 20-30 minutes, making it an easy drive to nearby employment hubs like Melbourne.

• While public transit is limited, the city's walkability and biking-friendly infrastructure make local travel convenient.

• Major employers include aerospace and defense industries, healthcare providers, and tourism-related businesses.

• The job market remains stable, with growth in sectors such as technology, space exploration, and real estate.

• The unemployment rate is lower than the national average, indicating a strong local economy.

• Satellite Beach enjoys a warm, tropical climate with over 230 sunny days per year.

• Winters are mild, while summers are hot and humid, perfect for beach lovers.

• As a coastal city, hurricanes and flooding can be concerns, so flood insurance may be necessary in some areas.

• Satellite Beach has a close-knit community with frequent local events, farmers’ markets, and festivals.

• The area is known for its commitment to environmental conservation, with turtle nesting sites and eco-friendly initiatives.

• A growing arts and entertainment scene, along with outdoor activities like surfing, boating, and fishing, make it a vibrant place to live.

Find the Perfect Mortgage in Satellite Beach with Be My Neighbor.

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The real estate market in Satellite Beach has remained competitive with steady price trends over the past year.

• Median Home Price (2025): $475,000 (2.8% increase from last year).

• Price per Square Foot: $310.

• Number of Homes Sold: 15 homes in January 2025, compared to 20 homes in January 2024.

• Time on Market: 45 days (compared to 52 days last year), indicating a steady demand for homes.

• Moderate mortgage rates (5.5-6.5%) are keeping demand stable.

• Limited inventory means that buyers need to act fast, especially for waterfront properties.

• Sellers can still benefit from strong interest but should price competitively to attract buyers.

• Home appreciation rates are expected to remain stable, making it a good time for long-term investments.

• Continued economic growth in nearby Melbourne and the Space Coast could sustain housing demand.

• Beachfront properties and homes with eco-friendly features remain highly desirable.

Living in Satellite Beach means choosing peace, sun, and smart investment potential.

From walkable beaches and top-rated schools to a thriving tech job market nearby, it offers a rare mix of charm and opportunity.

Why Buyers Are Moving Here:

• Coastal lifestyle without big-city chaos
• Strong aerospace & tech economy (thanks, Space Coast!)
• Family-friendly neighborhoods like Waterway Estates and Montecito
• Eco-conscious community with real local pride

But… make sure it fits your goals:

• Flood insurance may be required
• Limited public transit—owning a car is a must
• Competition is stiff—homes sell fast, especially under $600K

If you're looking for a beachfront town that still feels like a real community—not a tourist trap—Satellite Beach delivers.

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Yes, it’s one of Florida’s safest beach towns. Low crime and strong community policing make it ideal for families and retirees.

The cost is slightly above the national average, mostly due to housing. Expect $525K+ to buy and $2,000–$3,200/month to rent.

Montecito is a gated luxury community with resort-style amenities—perfect for buyers seeking privacy, space, and proximity to the beach.

Top picks:

• Waterway Estates – families
• The Moorings – waterfront
• Montecito – luxury
• Hightower Beach Area – beachfront
• South Patrick Shores – affordable

Find the Perfect Mortgage in Satellite Beach with Be My Neighbor.

Compare options, calculate payments, and get expert guidance—all in one place.

Get Pre-approved