Palm Bay, FL—32905
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$237,000
6.2% YoY Growth
Household Income
$56,700
50.1% YoY Growth
Days on Market
67
1.0% Longer YoY
Home Price Forecast
-1.1%
Median Rent
$1,700
2.9% YoY Growth
1-Bed Rent
$1,300
5.0% YoY Growth
2-Bed Rent
$1,500
3.2% YoY Growth
3-Bed Rent
$1,950
2.5% YoY Growth
Home Price Trends — Palm Bay, FL
As of May '26, the median home price in Palm Bay, FL is $237,000, with a year-over-year change of -6.2%. This indicates that home prices in Palm Bay, FL are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $237,000 | -6.2% |
| Single Family | $251,000 | -4.6% |
| Condos | $143,000 | -10.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |