Zip 32909 (Palm Bay, FL) Housing

The housing market in 32909 Palm Bay, FL is quite strong as the median value in this area is $302,300. This number is significantly lower than the median value of houses across the United States, which stands at $338,100. In terms of appreciation over a one year period, the national average is 8.27%, while in 32909 Palm Bay it is 20.52%. This shows that housing prices in this area are increasing rapidly and may be attractive to those looking for an investment opportunity or a new home.

The median home cost in Palm Bay (zip 32909) is $302,300. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Palm Bay (zip 32909) is up 26.8%.

Average Age of Homes

- The median age of Palm Bay (zip 32909) real estate is 22 years old

The Rental Market in Palm Bay (zip 32909)

- Renters make up 18.2% of the Palm Bay (zip 32909) population
- 1.4% of houses and apartments in Palm Bay (zip 32909), 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

Housing	Palm Bay, Florida	United States
	12,794.0	139,647,020.0
	22	42
	$302,300	$338,100
	26.8%	16.6%
	85.7%	57.0%
	211.6%	101.1%
	$7.30	$10.98
	$1,428	$2,690
	74.5%	57.4%
	9.9%	11.2%
	15.6%	31.4%
Vacant Housing
	1.4%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.9%	0.4%
	4.5%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	5.2%	2.6%
	0.9%	2.4%
	0.2%	2.8%
	2.2%	3.9%
	4.6%	4.5%
	11.8%	11.3%
	27.8%	13.0%
	32.0%	20.1%
	12.3%	13.6%
	1.8%	8.3%
	0.7%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	39.0%	13.6%
	39.0%	13.6%
	19.5%	13.6%
	25.3%	13.2%
	5.4%	14.8%
	19.5%	13.6%
	0.1%	10.0%
	0.2%	4.7%
	0.1%	12.2%

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