Lyra Rae
Map of Palm Bay, Florida

Homes for sale in

Palm Bay, Florida

Space City Coast living with room to grow

165

Homes for sale

$350,000

Median list price

$194

Avg price / sqft

31

Median days on market

Palm Bay is the largest city in Brevard County by population, spread across a wide grid of quiet residential streets on Florida's Space Coast. It's a place where you can still buy a full lot with a yard, and where established pockets like Bayside Lakes and Port Malabar sit alongside a steady stream of new construction. The pace is unhurried, the layout is car-friendly, and the beaches and river life of the wider coast are within easy reach.

For buyers, the market is active but not frantic: 165 homes are listed right now with a median list price of $350,000, and properties are moving in a median of 31 days. Over the past year 799 homes sold at a median of $369,995, with sellers collecting about 97% of asking — a sign of a balanced, well-priced market. With 76 of the active listings being new builds, there's genuine choice between move-in-ready single-family homes and something never lived in.

Palm Bay is in Brevard County, Florida.

30-minute drive area around Palm Bay

Within a 30-minute drive

Quick facts

$130,000$1.2M price range

1,830 sqft median home

$2,173/mo median rent

Balanced right now

Drive times

Orlando Int’l Airport (MCO)69 min
Downtown Orlando74 min

Fresh on the market

Newest homes in Palm Bay

View all 165 homes →

165 of 165 active listings shown

Open full map search →

The numbers that matter

The Palm Bay market

Balanced

5.9 months of inventory

Seller’s marketBuyer’s market

Supply and demand are roughly even — negotiation cuts both ways.

Palm Bay vs Brevard County

Median list price

Palm Bay$350K
Brevard Co.$360K

Price per sqft

Palm Bay$194
Brevard Co.$250

Days on market

Palm Bay31d
Brevard Co.27d

Median sold price — 3-yr, 3-mo rolling

3.8% yr/yr

$283K$312K$340KJul ’23Jun ’26

Homes on the market

27.6% yr/yr

125174222Jul ’23Jun ’26

Homes sold per month

02039Jul ’24Jun ’26

Live Stellar MLS data — listings and closed sales in Palm Bay, FL. Rolling medians smooth single-month swings in thin markets.

Where to look

Palm Bay neighborhoods

Show all 8 Palm Bay neighborhoods A–Z+

Neighborhood boundaries by edgeAI — listings matched to the actual polygon, not agent-entered subdivision names.

For the school run

School zones with homes for sale

Homes matched to official attendance boundaries — always verify zoning with the district.

Beyond the listings

Living in Palm Bay

01

New construction runs deep

Of the 165 active listings, 76 are new construction, giving buyers unusual freedom to pick a fresh build without waiting on a custom process.

02

Single-family is the default

With 153 of the active homes being single-family residences, this is a market built around detached houses on their own lots rather than attached living.

03

Low carrying costs

The median HOA is just $61 a month and median property tax runs about $2,101 a year, keeping monthly ownership costs down.

04

Homes move quickly and fairly

A 31-day median time on market and 97% of asking price on sales point to a market where good listings sell without dragging.

05

Established, named neighborhoods

Communities like Port Malabar Country Club, Riverview, and South Cove give buyers recognizable pockets with their own character to compare.

Population

125,273

Median age

41.3

Median income

$67,521

Median home value

$248,000

What people here are into

Active

Fitness Obsession

Passionate about strength training, this population relies heavily on the encouragement of the exercise community. While these people seek the latest fitness techniques, they're also interested in supplements and equipment.

Appearance oriented

Trend Trackers

This population lives as fast as the culture. They like to keep up with the latest trends, especially when it comes to apparel and accessories.

Appearance oriented

Body Art

Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.

Hobbies & Interests

Engine Enthusiast

This population loves working on and showing off their cars, trucks and motorcycles. You can find them researching car shows and the hottest models on the lot.

Relationships

My Crew

Family, and friends who are like family - that's what this population is all about. These people love celebrating and nurturing their closest relationships.

Food & Drink

Fueling for Fitness

A population characterized by healthy eating. Often pre-planning for meals for the purpose of fitness and convenience. Likely to participate in meal prep trends.

On the calendar

Near Palm Bay

What it really costs

Owning here

Owning the median Palm Bay home

$2,290/mo

Principal & interest $1,844
Property tax $175
HOA / fees $61
Insurance (est.) $210

$350,000 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.

2%

In a FEMA flood zone

Most homes here sit outside high-risk zones

$2,173/mo

Median rent

18 homes for rent right now

Straight answers

Palm Bay real estate FAQs

Is Palm Bay a good place to live?+

It's the largest city in Brevard County on Florida's Space Coast, with a spread-out, residential layout that appeals to buyers who want room and a quieter pace. Established areas like Bayside Lakes coexist with steady new development, and assigned schools include Edgewood Jr/Sr High and Southwest Middle. It's car-oriented, so plan on driving for coast and city trips.

Is Palm Bay expensive?+

It's relatively affordable for Florida, with a median list price of $350,000 and homes ranging from $130,000 up to $1,180,000. Median rent sits around $2,173 a month, and you can browse by price to find the entry-level end of the market. Only one active listing is above $1M, so this is not a luxury-heavy market.

What do homes cost in Palm Bay?+

The median list price is $350,000 and average price per square foot is about $194, with a median home size of 1,830 square feet. Over the last 12 months, 799 homes sold at a median of $369,995. Given 76 new construction listings, newer builds are a real part of that pricing picture.

How is the Palm Bay housing market right now?+

There are 165 active listings and homes are selling in a median of 31 days, with sellers getting about 97% of their asking price. That balance means well-priced homes move steadily without buyers overpaying. Watching the just reduced listings can help you spot flexibility on price.

What about HOA fees and property taxes?+

Costs here are modest: the median HOA is roughly $61 a month and median property tax is about $2,101 a year. Many single-family homes carry little or no HOA, while gated communities and newer developments may charge more for shared amenities. Always confirm the specific fees on any listing before you write an offer.

Keep exploring

Nearby areas

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS. Market statistics are computed from listing and sold data and change as the market moves.

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