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States / Florida / Palm Bay

Palm Bay, FL Housing

ACS 2020-2024

Median Home Value
$283,200 ± $6,762
Median Gross Rent
$1,601 ± $71/mo
Homeownership Rate
79.7%
Rent as Share of Income
26.5%
Price-to-Income Ratio
3.9×
Vacancy Rate
8.6%
Median Year Built
1993

New Construction (2025)

Housing units authorized by building permit — a leading signal of new supply, from the Census Building Permits Survey.

Units Authorized
2,455
Buildings
1,916
Single-Family Units
1,908
Multi-Family Units
547

Nearby Cities in Florida

Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.