Zip 32905 (Palm Bay, FL) Housing

Housing in 32905 Palm Bay, FL is quite expensive compared to the national average. The median value of a house in 32905 Palm Bay, FL is $250,700 whereas the US House Median Value is $338,100. This difference is even more evident when looking at the appreciation rates from last year; while the US 1 year House Appreciation rate was 8.27%, the House 1 year Appreciation rate in 32905 Palm Bay, FL was an impressive 20.52%. This shows that housing in this area is highly sought after and has been increasing in value significantly over the past year.

The median home cost in Palm Bay (zip 32905) is $250,700. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Palm Bay (zip 32905) is up 26.8%.

Average Age of Homes

- The median age of Palm Bay (zip 32905) real estate is 35 years old

The Rental Market in Palm Bay (zip 32905)

- Renters make up 35.3% of the Palm Bay (zip 32905) population
- 1.9% of houses and apartments in Palm Bay (zip 32905), 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
	12,431.0	139,647,020.0
	38	42
	$250,700	$338,100
	26.8%	16.6%
	85.7%	57.0%
	211.6%	101.1%
	$6.31	$10.98
	$959	$2,690
	47.7%	57.4%
	14.0%	11.2%
	38.2%	31.4%
Vacant Housing
	1.9%	1.9%
	1.8%	0.4%
	0.8%	0.7%
	0.4%	0.4%
	5.1%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	0.6%	2.4%
	5.9%	2.8%
	5.7%	3.9%
	12.5%	4.5%
	23.2%	11.3%
	24.7%	13.0%
	17.5%	20.1%
	5.8%	13.6%
	2.2%	8.3%
	0.5%	9.7%
	0.4%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	13.5%	13.6%
	13.5%	13.6%
	9.8%	13.6%
	35.3%	13.2%
	27.0%	14.8%
	9.8%	13.6%
	3.5%	10.0%
	0.6%	4.7%
	0.7%	12.2%

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