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Text (352) 352-5665Palm Bay, FL · Market Snapshot
Palm Bay, Florida market snapshot.
Palm Bay sits in Brevard County, part of the Space Coast area of Florida. It's home to roughly 125,273 residents. Home values here typically run $248,000–$325,000, down about 0.6% over the past year.
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Palm Bay market snapshot
Population
125,273
Median Household Income
$67,521
Home Value Range
$248,000–$325,000
Median Gross Rent
$1,487/mo
Price Trend (YoY)
-0.6%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
Home Value, By Source
A public home-value index (incl. Zillow) puts the typical value at $305,745 as of 2026-05-31. Public closed-sale data separately puts the median sale price at $325,000 as of 2026-05-31, based on 241 homes sold that month. These measure different things (a value index vs. actual closed sales), which is why we show a range rather than picking one — full source list on our data sources page.
Regional Price Trend
FHFA's House Price Index for Palm Bay-Melbourne-Titusville, FL shows a +5.0% year-over-year change in its most recent quarter.
Population & Income
Palm Bay has an estimated population of 125,273 and a median household income of $67,521, per the Census Bureau's American Community Survey (2023 5-year estimate). The same survey estimates median home value (owner-reported, across all owner-occupied homes, not just recent sales) at $248,000.
Local life
Life in Palm Bay
Schools
Brevard County Public Schools serves the area — 111 schools, 74,125 students enrolled, per the U.S. Department of Education's Common Core of Data.
Featured · Palm Bay, FL
Palm Bay new-home communities
New-home communities in Palm Bay — coming soon
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