Palm Bay, FL Housing
As of 2010-2014, median price of a house in Palm Bay is $101,800, which is lower than the state average of $156,200 and is much lower than the national average of $175,700. The Palm Bay median house value has grown by 30.01% since 2000. The growth rate for the price of a house in Palm Bay is lower than the state average rate of 48.06% and is lower than the national average rate of 46.91%. The median year that a house in Palm Bay was built is 1989, which is newer than the median year for a house built in the state which is 1985 and is newer than the median year for a house built in the USA which is 1976.
House Value
Median Value of a Total of 27,382 Owner Occupied Houses in Palm Bay, FL, #603Palm Bay, FL | 101,800 USD |
Florida | 156,200 USD |
U.S. | 175,700 USD |
Palm Bay, FL | 30.01% |
Florida | 48.06% |
U.S. | 46.91% |
*Based on 2010-2014 data. View historical house value data.
Housing Occupancy
Palm Bay, FL | Florida | U.S. | |
Total Housing Units | 44,407, see rank, 100% | 9,051,851 | 132,741,033 |
Occupied Housing Units | 37,249, 83.88%, see rank | 79.74% | 87.55% |
Owner Occupied | 27,382, 61.66%, see rank | 52.73% | 56.34% |
Renter Occupied | 9,867, 22.22%, see rank | 27.01% | 31.21% |
Vacant Housing Units | 7,158, 16.12%, see rank | 20.26% | 12.45% |
For Rent | 1,005, 2.26%, see rank | 2.97% | 2.34% |
For Sale Only | 799, 1.80%, see rank | 1.66% | 1.20% |
Rented or Sold, Not Occupied | 764, 1.72%, see rank | 1.21% | 0.92% |
For Seasonal, Recreational, or Occasional Use | 2,134, 4.81%, see rank | 9.84% | 3.97% |
For Migrant Workers | 0, 0.00%, see rank | 0.04% | 0.03% |
Other Vacant | 2,456, 5.53%, see rank | 4.54% | 4.00% |
*Based on 2010-2014 data. View historical housing occupancy data.
Year Structure Built
Median Built Year, #213Palm Bay, FL | Florida | U.S. |
1989 | 1985 | 1976 |
*Based on 2010-2014 data. View historical year structure built data.
Mortgage Status
Palm Bay, FL | % | Florida | U.S. | |
Owner-Occupied Units | 27,382 | 100% | 4,772,944 | 74,787,460 |
With a Mortgage | 19,376 | 70.76%, see rank | 61.11% | 65.58% |
Without a Mortgage | 8,006 | 29.24%, see rank | 38.89% | 34.42% |
*Based on 2010-2014 data. View historical mortgage status data.
Monthly Owner Costs for Housing Units with a Mortgage
Median Owner Costs, see rank
Palm Bay, FL | 1,143 USD |
Florida | 1,480 USD |
U.S. | 1,522 USD |
Owner Costs Distribution
Monthly Owner Costs | Palm Bay, FL | % | Florida | U.S. |
$299 or Less | 50 | 0.26%, see rank | 0.21% | 0.20% |
$300 to $499 | 325 | 1.68%, see rank | 1.53% | 1.59% |
$500 to $699 | 1,703 | 8.79%, see rank | 5.00% | 5.01% |
$700 to $999 | 5,155 | 26.61%, see rank | 14.91% | 14.32% |
$1,000 to $1,499 | 7,780 | 40.15%, see rank | 29.50% | 27.90% |
$1,500 to $1,999 | 3,047 | 15.73%, see rank | 21.21% | 20.35% |
$2,000 to $2,999 | 1,130 | 5.83%, see rank | 18.45% | 19.52% |
$3,000 or More | 186 | 0.96%, see rank | 9.20% | 11.12% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Palm Bay, FL | 26.20% of the Total Income |
Florida | 26.90% of the Total Income |
U.S. | 23.70% of the Total Income |
Owner Cost as a Percentage of the Total Income, Distribution
Palm Bay, FL | % | Florida | U.S. | |
10% or Less | 888 | 4.58%, see rank | 4.76% | 5.86% |
10% to 20% | 5,379 | 27.76%, see rank | 25.89% | 31.95% |
20% to 30% | 5,005 | 25.83%, see rank | 25.92% | 27.64% |
30% to 40% | 2,746 | 14.17%, see rank | 14.93% | 13.74% |
40% or More | 5,224 | 26.96%, see rank | 27.62% | 20.29% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.
Monthly Owner Costs for Housing Units without a Mortgage
Median Owner Costs, see rank
Palm Bay, FL | 349 USD |
Florida | 469 USD |
U.S. | 457 USD |
Owner Costs Distribution
Monthly Owner Costs | Palm Bay, FL | % | Florida | U.S. |
$199 or Less | 1,099 | 13.73%, see rank | 9.06% | 7.76% |
$200 to $299 | 1,866 | 23.31%, see rank | 13.71% | 14.70% |
$300 to $499 | 3,623 | 45.25%, see rank | 32.19% | 34.63% |
$500 to $699 | 924 | 11.54%, see rank | 22.09% | 21.16% |
$700 or More | 494 | 6.17%, see rank | 22.95% | 21.75% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Palm Bay, FL | 10.80% of the Total Income |
Florida | 13.30% of the Total Income |
U.S. | 12.30% of the Total Income |
Owner Cost as a Percentage of the Total Income, Distribution
Palm Bay, FL | % | Florida | U.S. | |
10% or Less | 3,663 | 45.75%, see rank | 36.34% | 40.19% |
10% to 20% | 2,422 | 30.25%, see rank | 31.41% | 31.47% |
20% to 30% | 912 | 11.39%, see rank | 12.98% | 12.24% |
30% to 40% | 343 | 4.28%, see rank | 6.40% | 5.64% |
40% or More | 457 | 5.71%, see rank | 10.85% | 9.16% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.
Units in Structure
Palm Bay, FL | Florida | U.S. | |
Total Housing Units | 44,407, 100% | 9,051,851 | 132,741,033 |
1-unit, Detached | 35,858, 80.75%, see rank | 54.16% | 61.65% |
1-unit, Attached | 890, 2.00%, see rank | 6.28% | 5.82% |
2 Units | 250, 0.56%, see rank | 2.17% | 3.75% |
3 or 4 Units | 1,011, 2.28%, see rank | 3.85% | 4.43% |
5 to 9 Units | 1,850, 4.17%, see rank | 5.03% | 4.78% |
10 or More Units | 2,559, 5.76%, see rank | 19.24% | 13.08% |
Mobile Home, Boat, RV, Van, etc. | 1,989, 4.48%, see rank | 9.28% | 6.49% |
*Based on 2010-2014 data. View historical units in structure data.
Rooms
Palm Bay, FL | Florida | U.S. | |
Total Housing Units | 44,407, 100% | 9,051,851 | 132,741,033 |
1 Room | 206, 0.46%, see rank | 1.65% | 1.95% |
2 Rooms | 375, 0.84%, see rank | 2.16% | 2.48% |
3 Rooms | 1,849, 4.16%, see rank | 10.38% | 9.13% |
4 Rooms | 6,286, 14.16%, see rank | 21.92% | 16.60% |
5 Rooms | 13,530, 30.47%, see rank | 23.70% | 20.41% |
6 Rooms | 11,277, 25.39%, see rank | 17.82% | 18.06% |
7 Rooms | 5,933, 13.36%, see rank | 10.59% | 12.27% |
8 Rooms | 2,969, 6.69%, see rank | 6.13% | 8.48% |
9 Rooms or More | 1,982, 4.46%, see rank | 5.66% | 10.60% |
Median Rooms | 5.50, see rank | 5.10 | 5.50 |
*Based on 2010-2014 data. View historical rooms data.
Bedrooms
Palm Bay, FL | Florida | U.S. | |
Total Housing Units | 44,407, 100% | 9,051,851 | 132,741,033 |
No Bedroom | 283, 0.64%, see rank | 1.80% | 2.17% |
1 Bedroom | 1,522, 3.43%, see rank | 10.62% | 11.16% |
2 Bedrooms | 9,108, 20.51%, see rank | 33.79% | 26.69% |
3 Bedrooms | 27,651, 62.27%, see rank | 38.45% | 39.70% |
4 Bedrooms | 5,149, 11.60%, see rank | 12.90% | 16.05% |
5 or More Bedrooms | 694, 1.56%, see rank | 2.45% | 4.22% |
*Based on 2010-2014 data. View historical bedrooms data.
House Heating Fuel
Palm Bay, FL | Florida | U.S. | |
Total Housing Units | 37,249, 100% | 7,217,508 | 116,211,092 |
Utility Gas | 714, 1.92%, see rank | 4.53% | 48.85% |
Bottled, Tank, or LP Gas | 129, 0.35%, see rank | 1.12% | 4.86% |
Electricity | 35,879, 96.32%, see rank | 92.30% | 36.68% |
Fuel Oil, Kerosene, etc. | 55, 0.15%, see rank | 0.22% | 5.86% |
Coal or Coke | 0, 0.00%, see rank | 0.01% | 0.12% |
Wood | 16, 0.04%, see rank | 0.20% | 2.12% |
Solar Energy | 38, 0.10%, see rank | 0.03% | 0.05% |
Other Fuel | 0, 0.00%, see rank | 0.04% | 0.47% |
No Fuel Used | 418, 1.12%, see rank | 1.56% | 1.00% |
*Based on 2010-2014 data. View historical house heating fuel data.
Gross Rent
Monthly Rental | Palm Bay, FL | Florida | U.S. |
Occupied Units Paying Rent | 9,398, 100% | 2,322,949 | 39,201,928 |
$199 or Less | 14, 0.15%, see rank | 1.03% | 1.50% |
$200 to $299 | 43, 0.46%, see rank | 1.85% | 3.18% |
$300 to $499 | 196, 2.09%, see rank | 3.93% | 7.37% |
$500 to $699 | 1,135, 12.08%, see rank | 11.03% | 16.01% |
$700 to $999 | 4,351, 46.30%, see rank | 32.44% | 29.17% |
$1,000 to $1,499 | 3,291, 35.02%, see rank | 34.44% | 26.88% |
$1,500 to $1,999 | 190, 2.02%, see rank | 10.35% | 9.79% |
$2,000 or More | 178, 1.89%, see rank | 4.93% | 6.10% |
Median | $929, see rank | $998 | $920 |
*Based on 2010-2014 data. View historical gross rent data.
Vehicle Available
Palm Bay, FL | Florida | U.S. | |
Occupied Housing Units | 37,249, 100% | 7,217,508 | 116,211,092 |
No Vehicles Available | 1,556, 4.18%, see rank | 7.09% | 9.12% |
1 Vehicles Available | 14,993, 40.25%, see rank | 41.49% | 33.80% |
2 Vehicles Available | 15,441, 41.45%, see rank | 37.93% | 37.48% |
3 or More Vehicles Available | 5,259, 14.12%, see rank | 13.49% | 19.61% |
*Based on 2010-2014 data. View historical vehicle available data.