What is the rental vacancy rate in Palm Bay, FL?

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

The rental vacancy rate in Palm Bay, FL is 6.3% (±2.6 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 1.2% (±0.5 points).

4,297 (±656) homes, 8.6% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Palm Bay, the rental vacancy rate went from 4.0% in 2015–2019 to 6.3% in 2020–2024 (+2.3 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Rental vacancy rate: 6.3% (±2.6 points)
Homeowner vacancy rate: 1.2% (±0.5 points)
Vacant homes: 4,297 (±656)

Vacancy in Palm Bay against Brevard County, its state and the nation

Estimate (90% margin of error)
	Palm Bay	Brevard County	Florida	United States
Rental vacancy rate	6.3% (±2.6 points)	10.8% (±1.1 points)	7.6% (±0.2 points)	5.5%
Homeowner vacancy rate	1.2% (±0.5 points)	1.0% (±0.2 points)	1.4% (±0.1 points)	0.9%
Vacant housing units	4,297 (±656)	41,610 (±1,774)	1,503,660 (±20,826)	14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Palm Bay, the rental vacancy rate is lower than in Brevard County (10.8%).

It is not measurably different from Florida (7.6%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Palm Bay

Nearest places with a published estimate, compared with Palm Bay
Place	Distance	Rental vacancy rate	Compared with this place
Palm Bay	—	6.3% (±2.6 points)	—
Malabar	5.5 mi	0.0% (±100.0 points)	Not measurably different
Grant-Valkaria	6.2 mi	0.0% (±52.8 points)	Not measurably different
West Melbourne	6.6 mi	6.8% (±4.6 points)	Not measurably different
June Park	8.2 mi	0.0% (±14.4 points)	Not measurably different
Melbourne Village	9.2 mi	0.0% (±62.0 points)	Not measurably different
Melbourne Beach	10 mi	22.4% (±24.6 points)	Not measurably different
Melbourne	11 mi	6.2% (±1.7 points)	Not measurably different
Indialantic	11 mi	0.0% (±13.0 points)	Not measurably different

None of the nearby places differs measurably from this one on this figure.

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

Rental vacancy rate across Brevard County, place by place

Rank	Place	Rental vacancy rate
9	Cocoa Beach	15.1% (±8.8 points)
10	Cocoa West	10.9% (±8.3 points)
11	Rockledge	10.7% (±5.0 points)
12	Indian Harbour Beach	7.5% (±8.8 points)
13	Viera East	7.0% (±9.8 points)
14	West Melbourne	6.8% (±4.6 points)
15	Palm Bay	6.3% (±2.6 points)
16	Melbourne	6.2% (±1.7 points)
17	Tropical Park	5.8% (±6.8 points)
18	Satellite Beach	2.9% (±5.0 points)
19 (tie)	Grant-Valkaria	0.0% (±52.8 points)
19 (tie)	Indialantic	0.0% (±13.0 points)
19 (tie)	June Park	0.0% (±14.4 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

Is it hard to find a rental in Palm Bay?

The rental vacancy rate in Palm Bay, FL is 6.3% (±2.6 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Palm Bay tighter than it was?

In Palm Bay, the rental vacancy rate went from 4.0% in 2015–2019 to 6.3% in 2020–2024 (+2.3 percentage points), not a measurable change.

How many homes are vacant in Palm Bay?

An estimated 4,297 (±656) housing units, 8.6% of the total, including seasonal homes and homes waiting to be sold or rented.

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 DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

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.