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Palm Bay, FL
Full City Profile · Florida · Indian River County County
3.1
/5.0
B
Good
125,273
Population
1,445/sq mi density
$67,521
Median Income
$34,474 per capita
$248,000
Home Value
$299,958 Zillow
$1,487
Median Rent
33.1% income on rent
74°F
Avg Temperature
337 sunny days/yr
343
Violent Crime/100K
1,715 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$67,521 median income, 3.6% unemployment
A+
Affordability
4.6 / 5.0
$248,000 home value, $1,487/mo rent
F
Safety
1.0 / 5.0
343 violent crimes/100K
C+
Education
2.8 / 5.0
22.6% bachelor's degree or higher
Housing Overview
Median Home Value
$248,000
12% below
US avg: $281,900
Median Rent
$1,487/mo
28% above
US avg: $1,163/mo
Homeownership Rate
79.4%
21% above US avg (65.4%)
Total Housing Units
47,568
Median year built: 1991
Home Value by Source
Census Median
$248,000
Zillow (ZHVI)
$299,958
Median Sale Price
$318,325
Median List Price
$348,726
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
79.4%
Owner-Occupied
20.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent:
$1,487/mo
· Zillow rent:
$1,866/mo
Market Indicators (Redfin)
Median Days on Market
100 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
227
Price Drops
25.2%
of listings with price reduction
Price Per Sq Ft
$184
Active Inventory
1,139
homes for sale
Affordability & Housing Stock
Rent Burden
33.1%
of renters spending 30%+ of income on housing
7% above US avg (31.0%)
Median Year Built
1991
Average age of housing stock: 35 years
Homeownership Rate
79.4%
Complete Housing Data
Home Values
| Census Median Value | $248,000 |
| Zillow Home Value (ZHVI) | $299,958 |
| Median Sale Price | $318,325 |
| Median List Price | $348,726 |
| Price Per Sq Ft | $184 |
Rent
| Census Median Rent | $1,487 |
| Zillow Rent (ZORI) | $1,866 |
| FMR Studio | $1,212 |
| FMR 1-Bedroom | $1,296 |
| FMR 2-Bedroom | $1,526 |
| FMR 3-Bedroom | $1,971 |
| FMR 4-Bedroom | $2,261 |
Market
| Days on Market | 100 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.2% |
| Homes Sold | 227 |
| Active Inventory | 1,139 |
| Price Per Sq Ft | $184 |
Ownership & Stock
| Owner-Occupied | 79.4% |
| Renter-Occupied | 20.6% |
| Homeownership Rate | 79.4% |
| Total Housing Units | 47,568 |
| Median Year Built | 1991 |
| Rent Burden | 33.1% |