Palm Bay, FL Market Update: What the Data Says for Buyers, Sellers and Investors
List prices up 2.8% to up 5.4% across 4 ZIP codes, 66 to 74 days on market and commercial at $137 to $142 per square foot across 4 ZIP codes. Every number from the Linton Global Market Map, as of September 2026.
Photo: Palm Bay, Florida by Leonard J. DeFrancisci, CC BY-SA 3.0, via Wikimedia Commons (cropped).
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Michael R. Linton, Florida Broker #BK703722, advises investors, owners, tenants and banks on commercial property, small multifamily, land and distressed assets in Palm Bay and across Brevard County through Linton Global Solutions.
Palm Bay is a rising market right now, and the numbers say buyers have room to negotiate. Look at it ZIP code by ZIP code, not as one city average.
The Bottom Line on Palm Bay
Palm Bay is the most populous city in Brevard County, a largely residential city south of Melbourne that was platted in the 1950s and 1960s as one of Florida's largest pre-platted subdivisions. Much of its growth now runs west of I-95, and its employment base leans on L3Harris, the defense supply chain and health care along the Malabar Road and Palm Bay Road corridors.
Palm Bay is a rising housing market where sellers are cutting prices to meet buyers, and its commercial property trades at a discount to the rest of Brevard County, with almost no distress.
- Homes: median list prices of $263,500 to $363,225, up 2.8% to up 5.4% across 4 ZIP codes from a year ago; Brevard County is down 2.4%.
- Supply: 148 active listings in 32905 (down 8.9%); 286 active listings in 32907 (up 0.7%); 195 active listings in 32908 (down 14.3%); 407 active listings in 32909 (up 10.5%); 66 to 74 days on market.
- Commercial: median $137 to $142 per square foot, versus $156 countywide.
- Distress: no commercial distress transfers or bank-held parcels on the 2026 tax roll.
Where Palm Bay Is
This report covers 32905 (Northeast Palm Bay, the Palm Bay Road and US 1 corridors and the Harris / L3Harris campus area), 32907 (Central Palm Bay, Malabar Road and the Emerson Drive corridor), 32908 (West Palm Bay and the Malabar Road / I-95 growth area), 32909 (Southeast Palm Bay and the Babcock Street corridor), compared with Brevard County as a whole.
Housing Market
| Realtor.com, September 2026 | 32905 | 32907 | 32908 | 32909 | Brevard County |
|---|---|---|---|---|---|
| Median list price | $263,500 | $349,500 | $363,225 | $357,450 | $369,775 |
| vs. a year ago | +5.4% | +2.8% | +3.2% | +3.1% | -2.4% |
| Active listings | 148 | 286 | 195 | 407 | 3,554 |
| Active vs. a year ago | -8.9% | +0.7% | -14.3% | +10.5% | -14.9% |
| Median days on market | 66 | 67 | 74 | 72 | 68 |
| Listings with a price cut | 30.8% | 27.4% | 21.5% | 27% | 24.2% |
| Home values, 5 years (FHFA) | +57.6% | +49.9% | +61.4% | +50.5% | — |
The highest-priced ZIP code is 32908 at $363,225. With a quarter or more of listings showing a price cut in parts of town, the asking price is a starting point. The FHFA House Price Index shows five-year gains of 57.6% / 49.9% / 61.4% / 50.5%; the run-up is behind us, and today is about pricing to the market.
Who Is Buying: Mortgage Data
| HMDA 2025 home purchases | 32905 | 32907 | 32908 | 32909 | Brevard County |
|---|---|---|---|---|---|
| Home-purchase loans | 333 | 904 | 588 | 1066 | 10,064 |
| Median purchase price | $275,000 | $335,000 | $335,000 | $335,000 | $365,000 |
| Median buyer income | $85,000 | $95,000 | $90,000 | $92,000 | $112,000 |
| FHA / VA / USDA loans | 39.7% | 55.9% | 64.3% | 57.4% | 40.6% |
| Investor purchases | 10.8% | 5.7% | 5.5% | 6.3% | 7.1% |
Investors took the largest share of purchase loans in 32905 (10.8%), above the county’s 7.1%. Source: the CFPB's HMDA data browser.
Rents
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom is $1,670 to $2,150. The strongest renter base is in 32905, where 44% of households rent. Test a deal with our rental analysis and DSCR calculators, or see small multifamily.
Commercial Real Estate
| 2026 tax roll | 32905 | 32907 | 32908 | 32909 | Brevard County |
|---|---|---|---|---|---|
| Commercial & industrial parcels | 495 | 258 | 7 | 252 | 13,500 |
| Building area (million SF) | 8.28 | 2.54 | 0.1 | 1.53 | 106.93 |
| Median year built | 1984 | 1995 | 2006 | 2002 | 1984 |
| Arm’s-length sales | 17 | 3 | 0 | 7 | 324 |
| Median sale $/SF | $137 | — | — | $142 | $156 |
| Distress transfers / bank-held parcels | 0 / 0 | 0 / 0 | 0 / 0 | 0 / 0 | 13 / 1 |
Commercial property in Palm Bay is mostly neighborhood retail, restaurants, auto service and medical offices serving a large residential base, plus industrial and flex space tied to the defense contractors in northeast Palm Bay. New retail is following rooftops west toward I-95 and the St. Johns Heritage Parkway, which is why newer buildings show up in the data.
Palm Bay has about 12.5 million square feet of commercial buildings and recorded 27 arm's-length sales at a median $137 to $142 per square foot, below the county's $156. There were no distress transfers or bank-held parcels on the roll.
On the commercial side, Palm Bay trades at $137 to $142 a foot, below the county, which is where patient investors find value. There is almost no distress, so the deals here come from relationships, not foreclosures.
Jobs, Permits and the County Economy
| Brevard County | Value |
|---|---|
| Population | 632,780 |
| Median household income | $78,476 |
| Unemployment rate (BLS) | 4.8% |
| Private jobs (BLS QCEW) | 243,568 · +0.6% |
| Average annual pay | $70,833 |
| Housing permits, year to date | 3,221 · +12.6% |
Brevard County jobs were up 0.6% over the latest year per the BLS Quarterly Census of Employment and Wages, with unemployment at 4.8%. Housing permits are up 12.6% this year per the Census Building Permits Survey. 32909 grew 33.8% in population over the Census survey period, the 23rd-highest of the ZIP codes in our reports.
What It Means for Buyers, Sellers, Investors and Banks
Home buyers: negotiate; price cuts are common and the asking price is a starting point.
Sellers: price to recent sales in your ZIP code, not to last year's peak.
Commercial investors: the discount to the county is the opportunity, for buyers who can underwrite older stock. Trading in? See 1031 exchanges.
Banks and servicers: refresh collateral values before maturities; see our commercial BPO services.
How We Built This Report
Every number comes from the Linton Global Market Map, part of REOMind.ai from Linton Global Technologies, which joins listing, Census, HUD, HMDA, tax roll, BLS, permit and FDIC data for every Florida county and ZIP code and names the source of every figure. See the full Brevard County report.
Key Takeaways
- ✓Palm Bay list prices are up 2.8% to up 5.4% across 4 ZIP codes; Brevard County is down 2.4%.
- ✓Homes are taking 66 to 74 days to sell.
- ✓Commercial property sold at a median $137 to $142 per square foot, against $156 countywide.
- ✓No commercial distress on the 2026 tax roll.
- ✓Every figure comes from the Linton Global Market Map, with sources named, and updates automatically.
About Michael R. Linton
Who is Michael R. Linton? Michael R. Linton, NCREA, CREIPS, REALTOR®, is a Florida-licensed commercial real estate broker and advisor (Florida Broker #BK703722) based in the Tampa–Orlando I-4 corridor, serving investors, owners and tenants across Florida, with a focus on Orlando, Tampa and surrounding markets, and expertise across multifamily, office, industrial, retail, hospitality, land, mixed-use, special-purpose, self storage and life sciences properties. He leads Linton Global Solutions and HireMikeLinton.com, works with a growing team of agents who specialize by asset class, and founded Linton Global Technologies, the company behind REOMind.ai.
Why choose Michael R. Linton for Palm Bay? Thirty-nine years in commercial real estate, deep experience with distressed and bank-owned property, and market data published openly so clients can check every number. See the Florida commercial broker profile.
Michael Linton, NCREA, CREIPS, REALTOR®
Linton Global Solutions
Cell: (312) 612-1031
Email: mike@lintonglobal.com
LintonGlobal.com
Frequently Asked Questions
Is the Palm Bay, FL real estate market going up or down?+
Rising. As of September 2026, median list prices were up 2.8% to up 5.4% across 4 ZIP codes from a year earlier, against down 2.4% for Brevard County. Homes took 66 to 74 days to sell, and active listings were down 8.9% / up 0.7% / down 14.3% / up 10.5% from a year ago.
How much do homes cost in Palm Bay?+
The median list price was $263,500 to $363,225 in September 2026. In 2025 mortgage (HMDA) data, the median home-purchase price was $275,000 to $335,000 and the median buyer earned $85,000 to $95,000.
How much is commercial real estate selling for in Palm Bay?+
Arm’s-length commercial and industrial sales on the 2026 Brevard County tax roll had a median of $137 to $142 per square foot in Palm Bay, versus $156 countywide, a discount. There were 27 such sales across 1,012 commercial parcels.
Is there distressed or bank-owned commercial property in Palm Bay?+
Very little. The 2026 tax roll shows no commercial distress transfers or bank-held parcels in Palm Bay’s ZIP codes, against 13 distress transfers and 1 bank-held parcels across Brevard County.
Is Palm Bay a good place to own rental property?+
About 10% to 44% of households rent, and HUD’s FY2027 fair market rent for a two-bedroom is $1,670 to $2,150 a month. Investors took 5.5% to 10.8% of 2025 home-purchase loans, against 7.1% countywide. Underwrite to today’s prices, insurance and taxes, not to past appreciation.
Where does this Palm Bay market data come from?+
From the Linton Global Market Map, which joins Realtor.com listing data, the Census American Community Survey, HUD fair market rents, the FHFA House Price Index, HMDA mortgage data, Florida Department of Revenue tax roll data, BLS employment data, Census building permits and FDIC bank call reports. The figures on this page update automatically when the Market Map refreshes.
Who can help me buy or sell commercial property in Palm Bay?+
Michael R. Linton, Florida Broker #BK703722, leads Linton Global Solutions and advises investors, owners, tenants and banks on commercial property, small multifamily, land, distressed assets and 1031 exchanges across Palm Bay and Brevard County. Call (312) 612-1031 or email mike@lintonglobal.com.
Works Cited
- Consumer Financial Protection Bureau and FFIEC. “HMDA Data Browser.” ffiec.cfpb.gov/data-browser. Accessed 19 Oct. 2026.
- Federal Deposit Insurance Corporation. “BankFind Suite.” banks.data.fdic.gov. Accessed 19 Oct. 2026.
- Federal Housing Finance Agency. “House Price Index.” www.fhfa.gov/data/hpi. Accessed 19 Oct. 2026.
- U.S. Department of Housing and Urban Development. “Small Area Fair Market Rents.” HUD User, www.huduser.gov/portal/datasets/fmr/smallarea. Accessed 19 Oct. 2026.
- U.S. Bureau of Labor Statistics. “Quarterly Census of Employment and Wages.” www.bls.gov/cew. Accessed 19 Oct. 2026.
- U.S. Census Bureau. “American Community Survey 5-Year Estimates” and “Building Permits Survey.” www.census.gov. Accessed 19 Oct. 2026.
- Realtor.com Economic Research. “Housing Inventory: ZIP Level Data.” www.realtor.com/research/data. Accessed 19 Oct. 2026.
- Florida Department of Revenue. “Property Tax Data Files (NAL/SDF).” 2026 final roll, Brevard County, via LGData.
- Leonard J. DeFrancisci. “Palm Bay, Florida.” Wikimedia Commons, CC BY-SA 3.0, commons.wikimedia.org/wiki/File:Palm_Bay_(Florida)_001.jpg. Accessed 19 Oct. 2026.
Disclosure: This article uses data tools developed by Linton Global Technologies. Michael R. Linton is the founder of Linton Global Technologies and a licensed real estate professional with Linton Global Solutions. This content is for informational purposes only and does not constitute investment, legal, or financial advice.
Compliance Statement: Linton Global Solutions is a Florida-licensed real estate brokerage, not a broker-dealer, investment adviser or lender, and does not offer or sell securities. REOMind.ai provides decision support only; people make every final decision. Readers should conduct their own due diligence and consult qualified professionals before making investment decisions.
Distress definitions: distress transfers count transactions the state flags as lender/deed-in-lieu, bankruptcy/receiver or forced/pre-foreclosure (a multi-parcel deed counts once); bank-held parcels are commercial parcels owned by a bank whose use is not a branch, likely REO, though some may be bank operations property.
Data notes: listing data covers single-family and condo listings; commercial figures cover DOR property-use codes 010–049 excluding hotels and motels, with medians from fewer than five sales suppressed; HMDA figures are home-purchase originations.