Housing data for Palm Bay, FL
Palm Bay, FL has an estimated 130,132 residents and 50,147 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Brevard County.
20.3% of households rent.
The median gross rent is $1,601 a month.
Its population grew measurably since 2015–2019 (+16.2%).
Figures last updated on .
- Residents
- 130,132 (±54)
- Housing units
- 50,147 (±955)
- Households that rent
- 20.3%
- Median gross rent
- $1,601
- Residents since 2015–2019
- +16.2%
What stands out in Palm Bay
Homes built before 1980: 12.9% (±1.2 points) in Palm Bay, lower than in Brevard County (32.0%).
Homes in buildings of 5 or more units: 8.1% (±1.0 points) in Palm Bay, lower than in Brevard County (17.4%).
Rental vacancy rate: 6.3% (±2.6 points) in Palm Bay, lower than in Brevard County (10.8%).
Median real estate taxes: $1,726 (±$85) in Palm Bay, lower than in Brevard County ($2,311).
- Age of homes in Palm Bay
- Types of homes in Palm Bay
- Vacancy rate in Palm Bay
- Property taxes in Palm Bay
Housing in Palm Bay at a glance
- Median rent: $1,601 median gross rent a month
- Rent by bedrooms: $1,495 median gross rent, 2 bedrooms
- Rent burden: 59.5% of renters pay 30% or more of income
- Renters and owners: 20.3% of households rent
- Income and affordability: $72,614 median household income
- Home values: $283,200 median home value
- Homeowner costs: $1,549 median monthly cost with a mortgage
- Property taxes: $1,726 median real estate taxes a year
- Types of homes: 8.1% of homes are in buildings of 5 or more units
- Bedrooms: 79.8% of homes have 3 or more bedrooms
- Age of homes: 12.9% of homes were built before 1980
- Vacancy rate: 6.3% rental vacancy rate
- Heating fuel: 93.6% heat with electricity
- Commute and cars: 27.8 minutes average trip to work
- Crime reported to police: 275 violent crimes per 100,000 residents
- Growth: +16.2% residents since 2015–2019
- How long people stay: 23.6% moved in since 2020
- Crowding and facilities: 3.1% of homes have more than 1 person per room
- Fair Market Rent: $2,060 Small Area FMR, 2 bedrooms (ZIP 32907)
Palm Bay against Brevard County, its state and the nation
| Palm Bay | Brevard County | Florida | United States | |
|---|---|---|---|---|
| Residents | 130,132 (±54) | 632,780 (exact) | 22,416,077 (exact) | 334,922,499 |
| Housing units | 50,147 (±955) | 299,305 (±218) | 10,256,470 (±942) | 143,775,355 |
| Households that rent | 20.3% (±1.6 points) | 23.3% (±0.6 points) | 32.4% (±0.2 points) | 34.8% |
| Median gross rent | $1,601 (±$71) | $1,556 (±$27) | $1,669 (±$5) | $1,413 |
| Median household income | $72,614 (±$3,753) | $78,476 (±$1,054) | $74,568 (±$284) | $80,734 |
| Median home value | $283,200 (±$6,762) | $339,600 (±$3,715) | $359,000 (±$930) | $332,700 |
| Median real estate taxes (a year) | $1,726 (±$85) | $2,311 (±$40) | $2,730 (±$10) | $3,119 |
| Built before 1980 | 12.9% (±1.2 points) | 32.0% (±0.9 points) | 33.9% (±0.2 points) | 49.7% |
| Average commute | 27.8 minutes (±0.9) | 25.4 minutes (±0.4) | 28.0 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 92.8% (±1.1 points) | 93.0% (±0.5 points) | 91.6% (±0.1 points) | 91.0% |
| Median age of residents | 41.0 years (±0.8) | 46.7 years (±0.1) | 42.6 years (±0.1) | 38.9 years |
Palm Bay covers 86.7 square miles of land, about 1,501 residents per square mile (Census Bureau Gazetteer).
How Palm Bay has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 111,997 (±77) | 130,132 (±54) | +16.2% | Measurable increase |
| Housing units | 43,387 (±952) | 50,147 (±955) | +15.6% | Measurable increase |
| Median gross rent | $1,059 (±$32) | $1,601 (±$71) | +51.2% | Up after inflation |
| Median home value | $155,200 (±$3,506) | $283,200 (±$6,762) | +82.5% | Up after inflation |
| Median household income | $51,408 (±$1,626) | $72,614 (±$3,753) | +41.3% | Up after inflation |
| Median owner cost with a mortgage | $1,110 (±$25) | $1,549 (±$48) | +39.5% | Up after inflation |
| Median real estate taxes | $1,100 (±$50) | $1,726 (±$85) | +56.9% | Up after inflation |
| Households that rent | 25.5% (±1.7 points) | 20.3% (±1.6 points) | −5.2 percentage points | Measurable decrease |
| Rental vacancy rate | 4.0% (±1.8 points) | 6.3% (±2.6 points) | +2.3 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Palm Bay
In 2025, the Palm Bay Police Department reported 275 violent and 836 property crimes per 100,000 residents to the FBI.
Across Brevard County, the departments that report recorded 269 violent and 919 property crimes per 100,000 residents that year.
ZIP codes in Palm Bay
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 32907 | 100% | 49,080 | $1,897 | $287,100 | $75,311 |
| 32908 | 100% | 16,535 | $1,759 | $303,600 | $79,596 |
| 32905 | 98% | 24,792 | $1,474 | $230,000 | $56,411 |
| 32909 | 56% | 41,804 | $1,535 | $307,100 | $79,977 |
| 32976 | 11% | 9,156 | $1,430 | $175,400 | $46,712 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Palm Bay
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Malabar | 5.5 mi | — | $451,100 | 1.2% |
| Grant-Valkaria | 6.2 mi | — | $550,400 | 2.6% |
| West Melbourne | 6.6 mi | $1,845 | $377,100 | 27.1% |
| June Park | 8.2 mi | $1,755 | $411,200 | 21.6% |
| Melbourne Village | 9.2 mi | $1,473 | $385,000 | 11.0% |
| Melbourne Beach | 10 mi | $1,307 | $708,400 | 17.6% |
| Melbourne | 11 mi | $1,525 | $306,400 | 40.3% |
| Indialantic | 11 mi | $1,554 | $604,200 | 25.6% |
Places in Florida most like Palm Bay
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Spring Hill | $1,440 | $288,500 | $68,432 | 19.7% |
| Yulee | $1,754 | $302,500 | $85,247 | 21.1% |
| Palm Coast | $1,782 | $350,800 | $77,350 | 18.1% |
| Crawfordville | $1,344 | $255,500 | $82,656 | 23.9% |
| Buenaventura Lakes | $1,806 | $327,500 | $68,887 | 26.0% |
| Port Orange | $1,634 | $317,200 | $74,426 | 24.4% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Florida.
HUD Fair Market Rent for Palm Bay, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,327 | $1,525 | $1,779 | $2,382 | $2,707 |
HUD also publishes a Small Area Fair Market Rent for each ZIP code in the area; the Fair Market Rent page for this place lists its ZIP codes.
HUD income limits for Palm Bay, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $20,950 | $34,900 | $55,800 |
| 2 people | $23,950 | $39,850 | $63,800 |
| 3 people | $27,320 | $44,850 | $71,750 |
| 4 people | $33,000 | $49,800 | $79,700 |
| 5 people | $38,680 | $53,800 | $86,100 |
| 6 people | $44,360 | $57,800 | $92,500 |
| 7 people | $50,040 | $61,800 | $98,850 |
| 8 people | $55,720 | $65,750 | $105,250 |
These are the limits HUD sets for its housing programs in the Palm Bay-Melbourne-Titusville, FL MSA, where HUD’s median family income for fiscal year 2026 is $97,000.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Palm Bay
What is the average rent in Palm Bay, FL?
The Census Bureau publishes the median rather than the average: the median gross rent in Palm Bay is $1,601 (±$71) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Palm Bay?
The median gross rent for a one-bedroom home in Palm Bay, FL is $1,269 (±$82) a month (2020–2024 American Community Survey).
Are renters in Palm Bay rent-burdened?
59.5% of renting households in Palm Bay pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Palm Bay?
Palm Bay has an estimated 9,295 (±770) renting households, 20.3% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Palm Bay?
The median household income in Palm Bay is $72,614 (±$3,753) a year (2020–2024 American Community Survey).
What is the average home value in Palm Bay, FL?
The Census Bureau publishes the median: $283,200 (±$6,762) for owner-occupied homes in Palm Bay (2020–2024 American Community Survey).
Is Palm Bay growing?
In Palm Bay, the number of residents went from 111,997 in 2015–2019 to 130,132 in 2020–2024 (+16.2%), a measurable increase.
What ZIP codes are in Palm Bay?
The ZIP codes that cover Palm Bay are 32907, 32908, 32905, 32909, 32976.
What is the median rent in ZIP code 32907?
The median gross rent in ZIP Code Tabulation Area 32907 is $1,897 (±$160) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Palm Bay city, Florida
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Palm Bay city, Florida
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Palm Bay city, Florida
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Palm Bay city, Florida
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Palm Bay city, Florida
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Palm Bay city, Florida
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Palm Bay city, Florida
- HUD Fair Market Rents, fiscal year 2027: Palm Bay-Melbourne-Titusville, FL MSA
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Palm Bay-Melbourne-Titusville, FL MSA
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Palm Bay Police Department (ORI FL0051200)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Palm Bay city, Florida (place:54000, in state:12).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .