Real Estate Market Update for 32905 (Palm Bay, FL)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was stable from one year earlier, and down 50% from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was just under 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The number of units sold was consistent year-over-year, and decreased 100% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 32905 (Palm Bay, FL)
Area Information for 32905 (Palm Bay, FL)
  • Population: 23,078
  • Median Age: 44.64 yr
  • Median Commute Time: 21 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 2,424/sq mi
  • Population Change Since 2000: 4.43%
  • Closest Airport: Melbourne International
  • Closest College: Florida Institute Of Technology
  • Closest Jr. College: Brevard Community College-palm Bay
  • Median Household Income: $35,170
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $60,000
  • Closest Major Sports Team: Brevard County Manatees (a)
  • Change Avg. Household Income Since 2000: 29.12%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 32905 (Palm Bay, FL)
Median Age: 44.64 Married: 35% Number of Households: 10,675 Households with Children: 2,169
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 32905 (Palm Bay, FL)

      School Name Distance Type Grades School Rating Parent Rating
      Palm Bay Academy Charter School 0.7 mi Public K-8 3 0
      Palm Bay Elementary School 0.8 mi Public PRESCHOOL-6 1 0
      Riverdale Country Day School 0.8 mi Public K-12 0 0
      Saint Joseph Catholic School 1.3 mi Catholic PRESCHOOL-8 0 0
      Rfm Christian Academy Palm Bay 1.4 mi Private K-7 0 0
      Diamond Community School Inc 1.9 mi Private K-12 0 0
      Riviera Elementary School 2.4 mi Public PRESCHOOL-6 2 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2015. School Performance data by School Review data by
      Local Weather for 32905 (Palm Bay, FL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.