Palm Bay - FL housing market
The Palm Bay metro has a typical home value of $342,339, down 0.5% from a year ago. Homes sell in 37 days on average, a balanced market. 29% of listings have had a price cut. Data from Zillow Research, updated monthly.
Palm Bay housing market, October 2026
The typical Palm Bay home is worth $342,338 as of September 2026, up 0.1% from the prior month, down 0.1% over three months, and down 0.5% from a year ago. Over the past two years values have ranged from $342,064 to $359,089.
Homes are going pending in about 37 days, slower than the 35 days seen three months earlier. There are roughly 4,211 homes for sale, 15% fewer than a year ago. 29.0% of listings have taken a price cut (up from 28.8% three months ago).
Typical rent is $1,887 a month, up 1.9% year over year, which puts the price-to-rent ratio at 15.1.
At this week's 7.40% mortgage rate with 20% down ($68,468), the typical Palm Bay home costs about $2,324 a month including tax and insurance, which needs a household income of roughly $99,600 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($342,339) is the Zillow Home Value Index for the Palm Bay - FL metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 0.5% over the past year. A home worth $344,059 last year is now worth roughly $342,339.
The median sale price, what homes actually close for, is $345,270. Homes are selling at 96.9% of list price, meaning buyers have room to negotiate.
Homes listed in Palm Bay - FL sit on the market for roughly 37 days before going pending. Shorter = seller's market; longer = buyer's market.
About 29.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 991 new listings hit the market each month in Palm Bay - FL. There are currently 4,211 homes for sale, down 15.3% from a year ago.
The typical monthly rent in Palm Bay - FL is $1,887, up 1.9% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 15.1x, toss-up (#148 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,896 a month in principal and interest, $9 more than renting before taxes, insurance and upkeep. The two break even at a 7.35% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in FL
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Miami - FL | $476,815 | +0.3% | 52.0d |
| Tampa - FL | $356,843 | -0.9% | 41.0d |
| Orlando - FL | $383,302 | -1.4% | 41.0d |
| Jacksonville - FL | $350,574 | -0.1% | 49.0d |
| North Port - FL | $403,540 | -2.0% | 53.0d |
| Cape Coral - FL | $334,479 | -3.5% | 64.0d |