The housing market in 32907 Palm Bay, FL is booming. The median value of a house in the area sits at $295,800—well below the national median of $338,100. However, what it lacks in value it more than makes up for with appreciation. In the last year alone, the area has seen an impressive 20.52% jump in housing prices, much higher than the 8.27% national average for home appreciation. This indicates that Palm Bay is a great place to invest in real estate and shows promise for anyone looking to buy or sell in the area.
The median home cost in Palm Bay (zip 32907) is $295,800. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Palm Bay (zip 32907) is up 26.8%.
Average Age of Homes
- The median age of Palm Bay (zip 32907) real estate is 29 years old
The Rental Market in Palm Bay (zip 32907)
- Renters make up 18.1% of the Palm Bay (zip 32907) population
- 0.4% of houses and apartments in Palm Bay (zip 32907), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.