What is the median home value in Palm Bay, FL?

Name: Home values in Palm Bay, FL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Palm Bay, FL is $283,200 (±$6,762), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Palm Bay, the median home value went from $155,200 in 2015–2019 to $283,200 in 2020–2024 (+82.5%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $283,200 (±$6,762)
Owner-occupied homes: 36,555 (±1,134)
Most common range: $300,000 to $499,999

Home values in Palm Bay

Owner-occupied homes by value, 2020–2024
Value	Palm Bay	Brevard County	Florida	United States
Less than $50,000	4.1% (±0.8 points)	3.8%	4.9%	5.3%
$50,000 to $99,999	1.4% (±0.5 points)	2.7%	4.3%	6.1%
$100,000 to $149,999	4.8% (±1.1 points)	4.8%	4.6%	6.8%
$150,000 to $199,999	9.0% (±1.4 points)	7.3%	6.8%	9.0%
$200,000 to $299,999	36.1% (±2.3 points)	22.7%	17.9%	17.8%
$300,000 to $499,999	39.7% (±2.1 points)	36.9%	34.5%	26.9%
$500,000 to $999,999	4.3% (±0.9 points)	18.6%	21.1%	20.9%
$1,000,000 or more	0.5% (±0.3 points)	3.2%	5.9%	7.1%

The most common range is $300,000 to $499,999, 39.7% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Palm Bay against Brevard County, its state and the nation

Estimate (90% margin of error)
	Palm Bay	Brevard County	Florida	United States
Median home value	$283,200 (±$6,762)	$339,600 (±$3,715)	$359,000 (±$930)	$332,700
Owner-occupied homes	36,555 (±1,134)	197,609 (±2,066)	5,918,647 (±31,594)	84,210,142

In Palm Bay, the median home value is lower than in Brevard County ($339,600).

It is also lower than in Florida ($359,000).

It is lower than the national figure ($332,700).

In Brevard County, Palm Bay ranks 22 of 28 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 533 of 838.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Palm Bay have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$155,200 (±$3,506)	$283,200 (±$6,762)	+82.5%	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

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.

Median home value in places near Palm Bay

Nearest places with a published estimate, compared with Palm Bay
Place	Distance	Median home value	Compared with this place
Palm Bay	—	$283,200 (±$6,762)	—
Malabar	5.5 mi	$451,100 (±$22,318)	Higher
Grant-Valkaria	6.2 mi	$550,400 (±$84,833)	Higher
West Melbourne	6.6 mi	$377,100 (±$26,243)	Higher
June Park	8.2 mi	$411,200 (±$28,756)	Higher
Melbourne Village	9.2 mi	$385,000 (±$26,458)	Higher
Melbourne Beach	10 mi	$708,400 (±$65,535)	Higher
Melbourne	11 mi	$306,400 (±$9,862)	Higher
Indialantic	11 mi	$604,200 (±$38,973)	Higher

Nearby places with a measurably higher figure: Malabar, FL ($451,100), Grant-Valkaria, FL ($550,400), West Melbourne, FL ($377,100).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Brevard County, place by place

Rank	Place	Median home value
16	Cape Canaveral	$372,400 (±$24,718)
17	Palm Shores	$351,600 (±$18,750)
18	Rockledge	$338,100 (±$9,116)
19	Tropical Park	$307,100 (±$53,698)
20	Melbourne	$306,400 (±$9,862)
21	Sharpes	$295,800 (±$57,894)
22	Palm Bay	$283,200 (±$6,762)
23	Port St. John	$281,300 (±$9,953)
24	Titusville	$266,600 (±$14,751)
25	Cocoa	$246,100 (±$18,840)
26	Mims	$235,700 (±$13,585)
27	Micco	$172,600 (±$12,069)
28	Cocoa West	$158,700 (±$51,330)

Showing 13 of 28 places in Brevard County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Palm Bay

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Palm Bay beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Palm Bay, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Palm Bay, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Palm Bay

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).

Have home values in Palm Bay gone up?

In Palm Bay, the median home value went from $155,200 in 2015–2019 to $283,200 in 2020–2024 (+82.5%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Palm Bay sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

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 B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.