What percentage of people rent in Palm Bay, FL?

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

20.3% (±1.6 points) of the occupied homes in Palm Bay, FL are rented (2020–2024 American Community Survey).

That is 9,295 renting households against 36,555 that own their home.

In Palm Bay, the share of households that rent went from 25.5% in 2015–2019 to 20.3% in 2020–2024 (−5.2 percentage points), a measurable decrease.

Figures last updated on November 12, 2026.

Households that rent: 20.3% (±1.6 points)
Renting households: 9,295 (±770)
Median renter income: $50,990 (±$4,292)

Who rents and who owns in Palm Bay

Tenure, estimate (90% margin of error)
	Palm Bay	Brevard County	Florida	United States
Renter-occupied share	20.3% (±1.6 points)	23.3% (±0.6 points)	32.4% (±0.2 points)	34.8%
Renting households	9,295 (±770)	60,086 (±1,632)	2,834,163 (±17,461)	45,017,354
Owning households	36,555 (±1,134)	197,609 (±2,066)	5,918,647 (±31,594)	84,210,142
Average renter household size	3.0 (±0.2)	2.4 (±0.1)	2.5 (±0.0)	2.3
Average owner household size	2.8 (±0.1)	2.5 (±0.0)	2.5 (±0.0)	2.6
Median renter household income	$50,990 (±$4,292)	$52,625 (±$1,865)	$53,617 (±$353)	$52,966
Median owner household income	$78,235 (±$2,032)	$87,671 (±$1,614)	$88,144 (±$469)	$100,009

In Palm Bay, the renter share is lower than in Brevard County (23.3%).

It is also lower than in Florida (32.4%).

It is lower than the national figure (34.8%).

In Brevard County, Palm Bay ranks 15 of 29 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 558 of 857.

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

How renting in Palm Bay has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	25.5% (±1.7 points)	20.3% (±1.6 points)	−5.2 percentage points	Measurable decrease
Median gross rent	$1,059 (±$32)	$1,601 (±$71)	+51.2%	Up after inflation
Median household income	$51,408 (±$1,626)	$72,614 (±$3,753)	+41.3%	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.

Households that rent in places near Palm Bay

Nearest places with a published estimate, compared with Palm Bay
Place	Distance	Households that rent	Compared with this place
Palm Bay	—	20.3% (±1.6 points)	—
Malabar	5.5 mi	1.2% (±1.9 points)	Lower
Grant-Valkaria	6.2 mi	2.6% (±2.6 points)	Lower
West Melbourne	6.6 mi	27.1% (±3.5 points)	Higher
June Park	8.2 mi	21.6% (±8.1 points)	Not measurably different
Melbourne Village	9.2 mi	11.0% (±7.2 points)	Lower
Melbourne Beach	10 mi	17.6% (±9.0 points)	Not measurably different
Melbourne	11 mi	40.3% (±1.8 points)	Higher
Indialantic	11 mi	25.6% (±12.2 points)	Not measurably different

Nearby places with a measurably lower figure: Malabar, FL (1.2%), Grant-Valkaria, FL (2.6%), Melbourne Village, FL (11.0%).

Nearby places with a measurably higher figure: West Melbourne, FL (27.1%), Melbourne, FL (40.3%).

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

Households that rent across Brevard County, place by place

Rank	Place	Households that rent
9	Sharpes	25.7% (±10.1 points)
10	Indialantic	25.6% (±12.2 points)
11	Viera East	23.8% (±8.1 points)
12	Rockledge	22.0% (±3.1 points)
13	June Park	21.6% (±8.1 points)
14	Cocoa Beach	21.2% (±4.3 points)
15	Palm Bay	20.3% (±1.6 points)
16	Merritt Island	20.0% (±2.2 points)
17	Indian Harbour Beach	19.9% (±5.2 points)
18	Viera West	18.9% (±3.7 points)
19	Satellite Beach	18.1% (±4.4 points)
20	Melbourne Beach	17.6% (±9.0 points)
21	North Merritt Island	13.4% (±5.2 points)

Showing 13 of 29 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.

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Questions about Palm Bay

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).

Is renting growing in Palm Bay?

In Palm Bay, the share of households that rent went from 25.5% in 2015–2019 to 20.3% in 2020–2024 (−5.2 percentage points), a measurable decrease.

How big are renting households in Palm Bay?

A renting household in Palm Bay has 3.0 people on average, against 2.8 in an owned home.

How much do renters earn in Palm Bay?

The median renting household in Palm Bay, FL has an income of $50,990 (±$4,292) a year, against $78,235 for households that own their home.

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.