Palm Bay, FL housing market
The typical Palm Bay home is worth about $304,000, down 1.8% in a year, 19% below the Florida typical home. Homes typically sell in 75 days, below asking.
Home values, sales, trends and how Palm Bay compares with the towns next door — updated as new data is published.
Palm Bay at a glance
A balanced market
About 4.7 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Palm Bay | Florida |
|---|---|---|
| 2017 | $162,000 | $209,000 |
| 2018 | $183,000 | $226,000 |
| 2019 | $196,000 | $242,000 |
| 2020 | $205,000 | $253,000 |
| 2021 | $229,000 | $276,000 |
| 2022 | $283,000 | $340,000 |
| 2023 | $326,000 | $392,000 |
| 2024 | $329,000 | $402,000 |
| 2025 | $320,000 | $397,000 |
| 2026 | $305,000 | $377,000 |
| August 2026 | $304,000 | $376,000 |
Palm Bay and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Palm Bay | $304K | −1.8% | 75 | $72,614 |
| Grant-Valkaria | $543K | +2.9% | 133 | $119,583 |
| Malabar | $538K | +2.4% | — | $128,698 |
| Melbourne | $357K | −1% | 55 | $66,991 |
| West Melbourne | $371K | −1.2% | 61 | $92,986 |
| Micco | $207K | −1.3% | — | $45,794 |
4.2 years of income
The typical Palm Bay home costs about 4.2 years of the town's median household income, less than across Florida (5 years).
How Palm Bay ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.