Zip 32907 (Palm Bay, FL) Housing


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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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingPalm Bay, FloridaUnited States
  17,356.0139,647,020.0
  3042
  $295,800$338,100
  26.8%16.6%
  85.7%57.0%
  211.6%101.1%
  $6.57$10.98
  $1,268$2,690
  79.3%57.4%
  6.7%11.2%
  14.0%31.4%
  Vacant Housing
  0.4%1.9%
  0.0%0.4%
  0.7%0.7%
  0.5%0.4%
  4.1%3.6%
  1.0%4.1%
  Value of Owner-Occupied Housing
  1.8%2.6%
  0.9%2.4%
  1.2%2.8%
  2.0%3.9%
  2.8%4.5%
  14.2%11.3%
  31.5%13.0%
  36.1%20.1%
  6.1%13.6%
  1.5%8.3%
  0.6%9.7%
  1.0%3.9%
  0.2%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.2%0.2%
  22.8%13.6%
  22.8%13.6%
  24.0%13.6%
  39.6%13.2%
  7.3%14.8%
  24.0%13.6%
  0.0%10.0%
  0.0%4.7%
  0.1%12.2%
Reviews for Palm Bay
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