Housing in Palm Bay, FL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$312,000

Median List Price

$341,495

Price Per Sq Ft

$183

Days on Market

91

Active Inventory

1,149

Months of Supply

6.0

Balanced market

Zillow Home Value

$298,296

ZHVI — January 2026

Zillow Rent Index

$1,838

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 5.4%List Price ↓ 1.8%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

13.6%

Off Market in 2 Weeks

13.2%

Sale-to-List Ratio

97.7%

Buyer's market

Sold Above Asking
13.6%
Under Contract in 2 Wks
13.2%
Listings with Price Drops
29.3%

Market Activity

Source: Redfin

Homes Sold

191

New Listings

352

Pending Sales

303

Homes Sold ↓ 32.3%New Listings ↓ 13.5%Pending ↓ 23.9%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$183

Median List $/SF

$192

Sale $/SF ↓ 2.1%List $/SF ↓ 1.5%Mar 24 → Jan 26

Palm Bay vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 100,000 - 250,000 residents. Palm Bay is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$248,000

Median Rent

$1,487

Total Housing Units

48,826

Vacancy Rate

9.0%

Owner Occupied

79.3%

Renter Occupied

20.6%

Median Property Tax

$1,539

per year

Monthly Cost (w/ Mortgage)

$1,074

Housing Types

Single Family
84.9%
Multi-Family
11.3%
Mobile Home
3.7%

The current median sale price in Palm Bay, FL is $312,000 according to Redfin data. Homes spend a median of 91 days on the market. 13.6% of homes sold above asking price. The market has 6.0 months of supply. The median price per square foot is $183. Zillow's observed rent index is $1,838/month. About 79.3% of housing units are owner-occupied. The median year homes were built is 1992. There are 48,826 total housing units.