Palm Shores, FL housing market
The typical Palm Shores home is worth about $454,000, down 0.6% in a year, 21% above the Florida typical home.
Home values, sales, trends and how Palm Shores compares with the towns next door — updated as new data is published.
Palm Shores at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Palm Shores | Florida |
|---|---|---|
| 2017 | $245,000 | $209,000 |
| 2018 | $274,000 | $226,000 |
| 2019 | $290,000 | $242,000 |
| 2020 | $297,000 | $253,000 |
| 2021 | $329,000 | $276,000 |
| 2022 | $406,000 | $340,000 |
| 2023 | $461,000 | $392,000 |
| 2024 | $470,000 | $402,000 |
| 2025 | $468,000 | $397,000 |
| 2026 | $453,000 | $377,000 |
| August 2026 | $454,000 | $376,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Palm Shores in 2025. That's 0.7 per 1,000 residents, slower than across Florida (8.3). Over the past 10 years, Palm Shores has permitted 59 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Palm Shores gained 300 residents while 105 new homes were permitted: about 2.9 new residents per new home. Building and growth moved roughly in step. Across Florida: 2.8 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $627,000 |
| 2025 | 1 | 1 | 0 | $627,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 1 | 1 | 0 | $683,000 |
| 2022 | 1 | 1 | 0 | $10,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 2 | 2 | 0 | $550,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 1 | 1 | 0 | $120,000 |
| 2016 | 53 | 53 | 0 | $14.5 million |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 7 | 7 | 0 | $1.2 million |
| 2013 | 32 | 32 | 0 | $6.1 million |
| 2012 | 7 | 7 | 0 | $1.3 million |
| 2011 | 3 | 3 | 0 | $1.2 million |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 2 | 2 | 0 | $471,000 |
| 2006 | 1 | 1 | 0 | $150,000 |
| 2005 | 9 | 9 | 0 | $1.7 million |
| 2004 | 8 | 8 | 0 | $1.1 million |
| 2003 | 6 | 6 | 0 | $602,000 |
| 2002 | 5 | 5 | 0 | $469,000 |
| 2001 | 5 | 5 | 0 | $458,000 |
| 2000 | 9 | 9 | 0 | $761,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Palm Shores and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Palm Shores | $454K | −0.6% | $2,040 | 1 | $77,500 |
| Melbourne | $357K | −1% | $1,870 | 64 | $66,991 |
5.9 years of income
The typical Palm Shores home costs about 5.9 years of the town's median household income, more than across Florida (5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,040
HUD's Fair Market Rent for a two-bedroom in Palm Shores is $2,040 a month, utilities included: roughly what a modest, recently rented unit costs. A two-bedroom takes about 32% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,510 · 4 bedrooms $3,150
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (32935, 32940; Palm Bay-Melbourne-Titusville, FL MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Palm Shores
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. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.