Real Estate Market Update for 32907 (Palm Bay, FL)
Welcome to March's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 12% from one year earlier, and up 1% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 100-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 15%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 100-thousand dollars. The number of units sold was consistent year-over-year, and increased 100% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. 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 32907 (Palm Bay, FL)
Area Information for 32907 (Palm Bay, FL)
  • Population: 40,545
  • Median Age: 40.54 yr
  • Median Commute Time: 22.19 mins
  • Educational Climate*: 3
  • Sales Tax: 5.995%
  • Population Density: 2,287/sq mi
  • Population Change Since 2000: 20.4%
  • Closest Airport: Melbourne International
  • Closest College: Florida Institute Of Technology
  • Median Household Income: $50,289
  • Annual Residential Turnover: 13.37%
  • Median Years in Residence: 4.91 yr
  • Median Home Sales Price: $72,000
  • Closest Major Sports Team: Tampa Bay Lighting
  • Change Avg. Household Income Since 2000: 20%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 32907 (Palm Bay, FL)
Median Age: 40.54 Married: 35% Number of Households: 15,600 Households with Children: 5,667
Community:
    • 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 32907 (Palm Bay, FL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Heritage High School 0.7 mi Public 9-12 2-5 3
      Discovery Elementary School 2.3 mi Public K-6 2-5 3
      Christa Mcauliffe Elementary School 3.6 mi Public PRESCHOOL-6 3 4
      Faith Christian School 3.8 mi Private 1-12 0 0
      Covenant Christian School 4.6 mi Private PRESCHOOL-12 0 4
      Lockmar Elementary School 4.8 mi Public PRESCHOOL-6 4 4
      Palm Bay Sda School And Early Childhood Center 5.3 mi Private PRESCHOOL-7 0 0
      Port Malabar Elementary School 6.8 mi Public K-6 3 4
      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: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 32907 (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.