Palm Bay housing market: home prices, trends and forecast
Palm Bay home prices: in September 2026 the Zillow Home Value Index put a typical home in Palm Bay, Florida at $303,347, which is 1.2% lower than a year earlier and sits 8.7% below its peak value of $332,276 reached in September 2022.
- Value of the typical home
- $303,347September 2026, Zillow ZHVI
- Change over 12 months
- −1.2%. compared with September 2025.
Palm Bay home prices since 2000
The grey line shows the United States; the steel line shows Palm Bay. From $89,371 in January 2000, a typical Palm Bay home has risen to $303,347, ×3.39, while the US rose ×2.99 over those months. At the peak of the boom, July 2006, the value stood at $229,566; the low came in September 2011 at $84,734, −63.1%.
Palm Bay median home price for each year
Each yearly figure averages its twelve monthly values; for 2026 the latest month is shown.
| Year | Palm Bay | Change on the year | United States |
|---|---|---|---|
| 2000 | $90,998 | $125,745 | |
| 2001 | $96,055 | +5.6% | $134,899 |
| 2002 | $104,532 | +8.8% | $144,276 |
| 2003 | $116,013 | +11.0% | $155,308 |
| 2004 | $140,697 | +21.3% | $169,891 |
| 2005 | $188,241 | +33.8% | $189,732 |
| 2006 | $224,161 | +19.1% | $206,531 |
| 2007 | $200,077 | −10.7% | $208,449 |
| 2008 | $152,207 | −23.9% | $195,574 |
| 2009 | $112,608 | −26.0% | $177,542 |
| 2010 | $99,243 | −11.9% | $171,462 |
| 2011 | $86,837 | −12.5% | $162,508 |
| 2012 | $85,577 | −1.5% | $161,137 |
| 2013 | $97,768 | +14.2% | $171,420 |
| 2014 | $113,523 | +16.1% | $182,996 |
| 2015 | $129,571 | +14.1% | $192,738 |
| 2016 | $150,730 | +16.3% | $204,509 |
| 2017 | $171,341 | +13.7% | $216,767 |
| 2018 | $189,165 | +10.4% | $230,541 |
| 2019 | $199,190 | +5.3% | $242,088 |
| 2020 | $211,283 | +6.1% | $257,151 |
| 2021 | $251,942 | +19.2% | $295,959 |
| 2022 | $316,495 | +25.6% | $340,014 |
| 2023 | $323,610 | +2.2% | $348,160 |
| 2024 | $325,013 | +0.4% | $359,751 |
| 2025 | $311,519 | −4.2% | $362,959 |
| September 2026 | $303,347 | −1.2% | $366,157 |
What a Palm Bay home bought in a given year is worth now
This is an index-based estimate for a typical home rather than an appraisal.
Each year's figure averages its twelve monthly index values; the current value is September 2026. More to try: home appreciation calculator.
Thinking about a sale? See how local agents compare on Realtor.com. Advertising disclosure: links like this one may pay the site, and they never change a number. Disclosure.
Palm Bay housing market forecast
For the Palm Bay, FL metro, Zillow's forecast shows −0.1% over the three months from September 2026, compared with −0.7% over the 12 months from that month. Palm Bay's typical value is $303,347, so applying the forecast to it lands near $301,200 a year on.
This repeats Zillow's central estimate for the metro; no forecast of its own comes from this site. Such a forecast over 12 months has usually come out several percentage points away from the realised change, in both directions. This is not investment advice.
All metro forecasts in one table: metro forecast table.
Palm Bay housing market crash risk score
49 of 100, high
Using five conditions, all of which ran high before past price falls, the score ranks Palm Bay against 292 cities. Each input is scored from 0 to 100 compared with the other cities, and the five values are averaged with equal weight. It shows the conditions that exist today; no crash prediction comes from it.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +19.6% | 69 | 20% |
| Days on the market vs 2019 | +7.9% | 58 | 20% |
| Price-to-rent ratio | 13.7 | 16 | 20% |
| Price-to-income ratio | 3.9 | 24 | 20% |
| 12-month price change | −1.2% | 80 | 20% |
This is not investment advice. Scoring of the inputs: methodology. Where all 292 cities stand on crash risk: city crash risk ranking.
Days on market and inventory in Palm Bay
In September 2026 the Palm Bay, FL metro listed 3,554 homes for sale, a level −14.9% on a year earlier. Set against the same month of 2019, it is +19.6%. Selling took a median of 68 days for a listing (+7.9% against 2019), while 24.2% of listings were cut in price.
| Palm Bay, FL metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 3,554 | −14.9% |
| New listings | 1,056 | |
| Median days on market | 68 | −9.4% |
| Median list price | $369,775 | −2.4% |
| Share with a price cut | 24.2% |
Metro inventory from Realtor.com® Economic Research. Realtor.com data. All metros: days on market by city.
Living costs and rent in Palm Bay
By the Zillow Observed Rent Index, the typical asking rent in Palm Bay runs $1,842 a month, +2.0% on a year. A typical home equals 13.7 years of that rent. With a median household income of $77,638 (Census ACS 2024), the typical home equals 3.9 years of income. On the BEA scale, prices in the metro sit at 100.0 while the US average is 100, and housing costs stand at 111.7.
Other Florida housing markets
- Jacksonville housing market $284,832.
- Miami housing market $583,705.
- Tampa housing market $375,619.
- Orlando housing market $372,775.
- St. Petersburg housing market $351,862.
- Port St. Lucie $384,099
- Cape Coral $334,660
- Tallahassee housing market $291,188.
- Fort Lauderdale $509,743
- Hollywood $442,331
Statewide figures: Florida housing market.
How to read this chart
Each point plots the Zillow Home Value Index for Palm Bay: what a typical home in the market's middle third is worth, smoothed and seasonally adjusted, expressed in dollars of the month. A hollow dot marks the month chosen on the slider, and the terracotta dot marks the most recent month. No inflation adjustment is made to these numbers, and an index tracks the typical home, not any single house. To put a value on one home, use what that house sold for with the card above it or with the home appreciation calculator.