Zip 32908 (Palm Bay, FL) Housing

In Palm Bay, FL (32908), the median home value is $324,000, which is slightly lower than the US house median value of $338,100. However, over the last year there has been a significant appreciation in property values in Palm Bay with an increase of 20.52%, more than double the US house 1 year appreciation rate of 8.27%. This indicates that Palm Bay is a thriving housing market and homeowners in this area can expect to see their properties continue to appreciate in value.

The median home cost in Palm Bay (zip 32908) is $324,000. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Palm Bay (zip 32908) is up 26.8%.

Average Age of Homes

- The median age of Palm Bay (zip 32908) real estate is 16 years old

The Rental Market in Palm Bay (zip 32908)

- Renters make up 14.7% of the Palm Bay (zip 32908) population
- 0.0% of houses and apartments in Palm Bay (zip 32908), 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
	4,514.0	139,647,020.0
	20	42
	$324,000	$338,100
	26.8%	16.6%
	85.7%	57.0%
	211.6%	101.1%
	$7.07	$10.98
	$1,290	$2,690
	82.9%	57.4%
	5.4%	11.2%
	11.7%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.0%	0.4%
	3.6%	3.6%
	0.7%	4.1%
Value of Owner-Occupied Housing
	0.6%	2.6%
	0.6%	2.4%
	0.7%	2.8%
	2.5%	3.9%
	3.6%	4.5%
	15.0%	11.3%
	38.8%	13.0%
	34.7%	20.1%
	2.3%	13.6%
	0.8%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.3%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	46.9%	13.6%
	46.9%	13.6%
	14.0%	13.6%
	28.6%	13.2%
	0.0%	14.8%
	14.0%	13.6%
	0.0%	10.0%
	0.8%	4.7%
	0.0%	12.2%

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