Real Estate Market Update for Palm Bay, FL
Welcome to October's Market Update. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 8% from one year earlier, and down 8% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 180-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 200%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 130-thousand dollars. The number of units sold increased 400% year-over-year, and increased 400% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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 Palm Bay, FL
Area Information for Palm Bay, FL
  • Population: 108,431
  • Median Age: 40.63 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 1,649/sq mi
  • Population Change Since 2000: 36.92%
  • Closest Airport: Melbourne International
  • Closest College: Florida Institute Of Technology
  • Closest Jr. College: Brevard Community College-palm Bay
  • Median Household Income: $43,253
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $108,000
  • Closest Major Sports Team: Brevard County Manatees (a)
  • Change Avg. Household Income Since 2000: 20.89%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Palm Bay, FL
Median Age: 40.63 Married: 40% Number of Households: 41,537 Households with Children: 12,340
    • 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 Palm Bay, FL

      School Name Distance Type Grades School Rating Parent Rating
      John F. Turner, Senior Elementary School 1.3 mi Public PRESCHOOL-6 1 0
      Southwest Middle School 1.3 mi Public 7-8 3 0
      Jupiter Elementary School 1.5 mi Public PRESCHOOL-6 1 0
      Bayside High School 2.0 mi Public 9-12 3 3
      Pineapple Cove Classical Academy 2.0 mi Public - 0 0
      Odyssey Charter School 2.0 mi Public PRESCHOOL-6 4 3
      Christa Mcauliffe Elementary School 2.2 mi Public PRESCHOOL-6 2 0
      Westside Elementary School 2.2 mi Public K-6 3 0
      Columbia Elementary School 2.5 mi Public PRESCHOOL-6 1 0
      Palm Bay Sda School And Early Childhood Center 3.0 mi Private PRESCHOOL-8 0 0
      Covenant Christian School 3.1 mi Private PRESCHOOL-12 0 0
      Odyssey Preparatory Charter Academy 3.3 mi Public K-6 2 0
      Royal Palm Charter School 3.4 mi Public K-8 3 0
      Lockmar Elementary School 3.5 mi Public PRESCHOOL-6 3 0
      Easter Seals Florida, Inc 3.7 mi Public - 0 0
      Faith Christian School 3.9 mi Private 1-12 0 0
      Port Malabar Elementary School 3.9 mi Public K-6 2 0
      Riviera Elementary School 4.1 mi Public PRESCHOOL-6 2 0
      Heritage High School 4.3 mi Public 9-12 3 3
      Saint Joseph Catholic School 4.3 mi Catholic PRESCHOOL-8 0 0
      Discovery Elementary School 4.5 mi Public K-6 2 0
      South Area Head Start 5.5 mi Public PRESCHOOL-PRESCHOOL 0 0
      Riverdale Country Day School 5.6 mi Public K-12 0 0
      Palm Bay Academy Charter School 5.7 mi Public K-8 3 0
      Sunrise Elementary School 5.8 mi Public PRESCHOOL-6 3 0
      Palm Bay Elementary School 6.3 mi Public PRESCHOOL-6 1 0
      Diamond Community School Inc 7.2 mi Private K-12 0 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 © 2016. School Performance data by School Review data by
      Local Weather for Palm Bay, FL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.