Moving to Palm Bay, Florida: The 2026 Data Guide
As of 2026-09-28, the median home sold in Palm Bay, Florida over the last 12 months went for $275,000 (420 closings across 109 communities in Momentum’s MLS record), about $171 per square foot for a median 1,510-sq-ft home built around 2007. Homes currently listed have been on the market a median of 43 days, and with 352 active listings against that sales pace the city is carrying roughly 10.1 months of supply. Sellers have been getting about 95% of their original asking price. That median is 31% below the median across Momentum’s Florida and Georgia coverage.
Palm Bay right now — September 2026
Live pages for your move: 1,154 homes for sale in Palm Bay · New construction · Condos (29) · Townhomes (46) · Homes by ZIP (4 ZIPs) · New listings this week · Price reductions · What your budget buys in Brevard County · Cost of living · Best neighborhoods · Property tax · Flood zones by neighborhood · Brevard County homes for sale.
MLS closed sales and live inventory, Momentum Research; refreshed nightly. Updated September 28, 2026.
What your budget buys in Palm Bay
Three price points from 510 recent Palm Bay closings in our record, each showing what actually closed within 10% of that price:
- Around $182,000: the typical sale in this band was a 2-bed, 2-bath home of about 1,180 sq ft, built around 1983 (32 sales).
- Around $275,000: the typical sale in this band was a 3-bed, 2-bath home of about 1,528 sq ft, built around 2007 (60 sales).
- Around $390,000: the typical sale in this band was a 4-bed, 2.5-bath home of about 2,100 sq ft, built around 2023 (102 sales).
The real monthly cost of owning in Palm Bay
Take the median $275,000 home with 20% down at today’s 7.03% 30-year rate: principal and interest run about $1,468/month. Brevard County’s typical total millage is 15.60 mills, so after the $50,000 homestead exemption the property tax is roughly $3,511/year ($293/month) for a new owner — the seller’s capped bill on the listing will be lower and is not your number. Citizens Property Insurance’s average premium in Brevard County is about $2,348/year; private-market quotes vary with roof age and wind mitigation. 80% of current Palm Bay listings carry an HOA, with a median of $96/month where one applies. All in, budget on the order of $2,052/month to own the median Palm Bay home including a typical HOA.
For the full worksheet — taxes by scenario, the homestead exemption, and how the Save Our Homes cap works after year one — see the Brevard County property tax guide and our home insurance by county map.
Where people are buying: Palm Bay’s most active communities
The communities with the most closings in the last 12 months, with each one’s median sale and how long its current listings have been on the market. Every name links to that community’s own guide with live listings.
| Community | Sales (12 mo) | Median | Days listed |
|---|---|---|---|
| Port Malabar Country Club | 85 | $275,000 | 43 |
| Palm Bay Colony | 34 | $141,000 | 43 |
| Port Malabar Holiday Park | 20 | $83,950 | 94 |
| Gardens At Waterstone | 19 | $365,251 | 81 |
| Port Malabar Unit 21 1St Replat Of | 17 | $325,000 | 39 |
| Port Malabar Country Club Unit 7 First Replat Of | 13 | $165,000 | 63 |
| Country Club Estates (Palm Bay) | 12 | $536,500 | — |
| Cypress Bay Preserve | 12 | $350,000 | — |
Palm Bay by ZIP code
Sales and medians by ZIP over the same 12 months: 32905 (203 sales, median $180,000), 32909 (140 sales, median $357,000), 32907 (104 sales, median $345,000), 32908 (53 sales, median $324,900).
What’s for sale: property types, new construction, and age of homes
Of the last 12 months of sales, 71% were single-family homes, 11% townhomes or villas, and 9% condos. New construction accounted for 8% of closings, led by Reserve at Country Club Lakes Estates, Gardens At Waterstone, Palm Bay Homes Subd. The housing stock skews newer: 42% of homes sold were built in 2015 or later and 12% before 1980.
Getting around from Palm Bay
Measured from the center of Palm Bay’s recent sales: Orlando International Airport (MCO) is about 50 miles; Downtown Orlando is about 58 miles; Lakeland is about 80 miles; Daytona Beach is about 86 miles. Distances are straight-line; drive times depend on the corridor and time of day.
Schools, taxes, and insurance: where to verify
School assignments change; check the Brevard County school grades page for the district’s current grades, and confirm zoning for a specific address directly with the district. Property tax figures on this page use Brevard County’s typical millage of 15.60; municipal and special-district millage varies inside the county. Insurance uses Citizens’ Brevard County average of $2,348/year; a wind-mitigation inspection and roof age can move a private quote a long way in either direction.
Palm Bay: the case for and against
What works in Palm Bay’s favor
- prices run 31% below the statewide median in our coverage
- homes move quickly (median 43 days listed), so well-priced homes get competition
- about 10.1 months of supply gives buyers room to negotiate
- no state income tax, and Florida’s Save Our Homes cap limits assessment growth once you homestead
What to plan for
- 80% of listings carry an HOA (median $96/month)
- property taxes reset to your purchase price, so never budget off the seller’s bill
Your Palm Bay relocation toolkit
- Homes for sale in Palm Bay right now
- Cost of living in Palm Bay
- Best neighborhoods in Palm Bay
- New construction in Palm Bay
- Find an agent in Palm Bay
- Palm Bay ZIP codes with prices
- Search every Palm Bay community
Common questions about moving to Palm Bay
How much does a house cost in Palm Bay, FL?
What does it cost per month to own a home in Palm Bay?
What are property taxes like in Palm Bay?
Is Palm Bay a buyer's or seller's market right now?
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Does Florida have a state income tax?
Sales figures are Momentum Realty’s MLS record of closings in Palm Bay communities over the trailing 12 months (community snapshots as of their last refresh; price-band examples from the most recent closings on file); tax and insurance figures are Brevard County data. Estimates, not guarantees; verify before relying on them. General relocation guidance, not financial advice. Equal Housing Opportunity.