Palm Bay, Florida's surprisingly robust economy is not solely reliant on tourism like other Florida beach towns. The presence of major employers like L3Harris Technologies, a global aerospace and defense technology company, and Northrop Grumman, a leading aerospace and defense contractor, fuels this city's thriving tech sector.
Florida itself offers attractive tax benefits for landlords, further enhancing potential returns on investment. An additional perk for investors is Palm Bay's affordability. The median home price is below the national average, making it an attractive entry point, especially when compared to neighboring areas.
Palm Bay is appealing to a variety of lifestyles with its distinct neighborhoods. Families like Bayside Lakes and Southwest Palm Bay, which are known for their excellent schools and quietude. Professionals enjoy the spark of The Avenues and Babcock Ranch which offers trendy shops, restaurants, and a vibrant, forward-leaning atmosphere.
Reports indicate an increase in median home prices in Palm Bay over the past year. This suggests potential for future appreciation, allowing investors to build equity in their properties. This beautiful city's proximity to Melbourne and Orlando unlocks access to an even wider job market and amenities, creating a winning situation for real estate investors.
Popular Streets in Palm Bay, Florida
Americana Blvd25932$315,0081,868 Sq.Ft.5/23/2025Dixie Hwy27232$436,2973,051 Sq.Ft.5/29/2025Eldron Blvd36232$321,4783,707 Sq.Ft.5/16/2025Emerson Dr61432$309,7862,381 Sq.Ft.5/29/2025Holiday Park Blvd25922$131,738958 Sq.Ft.5/20/2025Jupiter Blvd45032$303,3322,382 Sq.Ft.5/23/2025Kylar Dr32342$401,8492,025 Sq.Ft.5/27/2025San Filippo Dr43832$306,6422,924 Sq.Ft.6/3/2025Sunny Brook Ln28622$152,423824 Sq.Ft.5/30/2025Unknown27032$306,2957,877 Sq.Ft.5/15/2025All Streets in Palm Bay, Florida
Gaghagen St2432$323,7692,342 Sq.Ft.5/22/2025Gagman St2132$298,3681,671 Sq.Ft.6/6/2024Gagnon St2432$336,7332,427 Sq.Ft.2/10/2025Gagstater Ave2532$318,5001,541 Sq.Ft.5/9/2025Gainesville Rd2432$322,8003,117 Sq.Ft.10/30/2024Gale Ave732$292,0009,345 Sq.Ft.8/1/2024Galena St743$342,0001,877 Sq.Ft.3/20/2025Galhouse St1632$334,6671,701 Sq.Ft.3/25/2025Galiano Ave1642$336,5451,956 Sq.Ft.10/8/2024Galicia St1742$377,3572,268 Sq.Ft.12/20/2023Galilean Ave1832$313,2502,016 Sq.Ft.4/9/2025Gallagher St4842$340,8422,312 Sq.Ft.2/5/2025Gallash St1042$348,5004,693 Sq.Ft.5/15/2025Gallatin Ave1332$296,2311,569 Sq.Ft.4/14/2023Galleon Ave2432$246,0001,192 Sq.Ft.4/17/2024Galley St1832$284,4671,413 Sq.Ft.10/25/2024Gallivan St1732$308,0631,650 Sq.Ft.5/22/2024Gallopo Rd732$312,5711,607 Sq.Ft.5/14/2025Galty Cir3032$258,8331,382 Sq.Ft.4/2/2025Galveston St1332$303,0001,582 Sq.Ft.5/19/2025Galvin Ave1232$295,0003,153 Sq.Ft.8/2/2024Gamewell Rd1332$379,0002,180 Sq.Ft.11/6/2024Gamrott St742$378,3331,960 Sq.Ft.5/12/2025Ganaway Ave1042$338,3331,911 Sq.Ft.9/18/2024Gancedo St4232$342,1212,738 Sq.Ft.12/17/2024Gandy Rd1142$396,2002,169 Sq.Ft.1/23/2025Ganley St4242$390,6092,770 Sq.Ft.5/13/2025Gannet Ave932$290,3751,608 Sq.Ft.10/31/2023Gantry St3232$334,2313,248 Sq.Ft.3/7/2025Ganyard Ave842$392,4292,058 Sq.Ft.5/7/2025Garabaldi Cir67N/AN/AN/AN/A5/13/2025Garafola Rd1N/AN/AN/AN/A1/14/2020Garbelmann St5142$346,0423,721 Sq.Ft.4/30/2025Garbett Ave4642$345,4623,105 Sq.Ft.3/24/2025Garcia St2432$286,0001,432 Sq.Ft.10/2/2024Gardenbrook Ct2632$497,6542,232 Sq.Ft.12/4/2024Gardendale Cir7332$391,9041,990 Sq.Ft.4/11/2025Garden Ter4632$220,3701,132 Sq.Ft.4/23/2025Gardenton St2632$311,7921,644 Sq.Ft.8/28/2024Gardner Rd2442$339,4551,999 Sq.Ft.2/20/2025Garfield St2332$378,2731,857 Sq.Ft.11/14/2024Garlenda Ave1832$303,3082,211 Sq.Ft.4/30/2025Garnet St2132$342,0001,600 Sq.Ft.1/21/2025Garrett St1342$357,0007,289 Sq.Ft.5/22/2025Garvey Rd9832$312,3825,235 Sq.Ft.5/15/2025Garvin Ave643$393,0002,862 Sq.Ft.3/5/2020Garvin Lake Dr1033$535,9002,147 Sq.Ft.4/7/2025Gary Ave1N/AN/A$526,0002,962 Sq.Ft.3/20/2017Garylind St1142$333,3002,599 Sq.Ft.12/23/2024Gascon Rd2142$343,5881,845 Sq.Ft.3/14/2025Gasparilla Ave1132$314,4552,489 Sq.Ft.7/28/2023Gaspar St2532$330,8822,452 Sq.Ft.10/10/2023Gastin St1432$356,4171,932 Sq.Ft.3/25/2025Gates St3232$318,4782,911 Sq.Ft.5/1/2025Gatewood Ct2132$265,2861,353 Sq.Ft.3/24/2023Gaucho Rd1532$316,8182,975 Sq.Ft.1/27/2025Gawain Rd1732$318,8001,651 Sq.Ft.8/9/2024Gaynor Dr1532$358,6361,564 Sq.Ft.3/28/2025Geary St7032$297,9381,883 Sq.Ft.4/30/2025Geddes St4132$308,8972,495 Sq.Ft.3/3/2025Geiger Ct832$280,2002,989 Sq.Ft.10/14/2022Gelaso St4132$293,1821,853 Sq.Ft.1/14/2025Gem Ct432$355,2501,787 Sq.Ft.6/28/2024Gemini Ave2532$221,5201,235 Sq.Ft.1/6/2025Gena Rd1432$325,1001,743 Sq.Ft.5/30/2024Genesee Ave2032$288,4382,023 Sq.Ft.11/14/2024Genevo Ave1932$315,8001,638 Sq.Ft.10/17/2023Geoffrey Ave1132$285,4292,591 Sq.Ft.10/25/2023Georges Ave1532$280,0771,423 Sq.Ft.8/31/2023Georgia St2422$112,0005,769 Sq.Ft.5/12/2025Gephart St3632$302,1151,945 Sq.Ft.1/6/2025Gera Ave2632$333,3601,761 Sq.Ft.4/29/2025Geraldine St2032$293,1822,865 Sq.Ft.5/21/2025Geranium Ave1932$314,1882,307 Sq.Ft.10/16/2024Gerhard Ave3032$307,9002,400 Sq.Ft.4/10/2025Gerlitz Rd2432$284,0003,749 Sq.Ft.4/25/2025Germany Ave1132$340,3331,712 Sq.Ft.4/29/2025Gerrity St1832$326,3531,688 Sq.Ft.10/17/2024Gerry Rd2632$319,4712,058 Sq.Ft.3/25/2025Gertrude Ave1032$299,3751,644 Sq.Ft.3/24/2025Gesso St17N/AN/AN/A10,236 Sq.Ft.10/15/2019Gibbons Rd1932$289,6363,133 Sq.Ft.5/16/2025Gibbs Rd1932$313,6364,159 Sq.Ft.2/24/2025Giblin Ave1932$358,0003,055 Sq.Ft.2/28/2025Gibralter St2132$325,8331,599 Sq.Ft.8/17/2024Giddings St2132$325,0592,562 Sq.Ft.8/9/2024Gideon St3332$323,1333,723 Sq.Ft.1/14/2025Gilbert Dr2932$359,5711,794 Sq.Ft.9/18/2023Giles St2932$297,6901,450 Sq.Ft.3/7/2025Gillen Ave3632$284,5291,534 Sq.Ft.5/21/2025Gillmar Ave2632$287,7921,974 Sq.Ft.3/4/2025Gillott St2132$293,8571,486 Sq.Ft.11/4/2024Gilpin St2832$278,3461,390 Sq.Ft.5/28/2024Gilroy St3032$295,5261,811 Sq.Ft.5/26/2023Gimlet St2832$300,5561,483 Sq.Ft.12/4/2024Ginger Ave23N/AN/AN/A10,128 Sq.Ft.7/16/2024Gingold St2532$284,4622,010 Sq.Ft.4/24/2025Ginryo Rd56N/AN/AN/A10,019 Sq.Ft.1/30/2025Ginza Rd2432$297,8106,058 Sq.Ft.3/7/2025Giovanni Rd1832$298,8241,338 Sq.Ft.6/18/2024981 Penelope Ave NEPalm Bay, FL 32907
Estimated Value $347,000
Living Area 1,610 SqFt
Beds 3
Baths 2
Year Built 1985
Property Type Single Family
Ownership Type Individual
APN 28-37-30-KP-02371.0-0007.00
Subdivision Port Malabar Unit 45
School District Brevard County School District
1471 Sheafe Ave NE #110Palm Bay, FL 32905
Estimated Value $171,000
Living Area 793 SqFt
Beds 2
Baths 2
Year Built 1983
Property Type Townhouse
Ownership Type Corporate
APN 28-37-20-75-00099.0-0044.00
Subdivision Port Malabar Country Club Unit 7 First R
School District Brevard County School District
696 Haftez St NEPalm Bay, FL 32907
Estimated Value $597,000
Living Area 2,609 SqFt
Beds 4
Baths 2
Year Built 2007
Property Type Single Family
Ownership Type Multiple
APN 28-37-29-KP-02413.0-0007.00
Subdivision Port Malabar Unit 45
School District Brevard County School District
4018 Dewberry CirMelbourne, FL 32901
Estimated Value $289,000
Living Area 1,280 SqFt
Beds 2
Baths 2
Year Built 1989
Property Type Single Family
Ownership Type Related
APN 28-37-16-50-00000.0-0014.00
Subdivision Bayberry Estates Unit 1
School District Brevard County School District
2130 Forest Knoll Dr NE #30-206Palm Bay, FL 32905
Estimated Value $137,000
Living Area 1,069 SqFt
Beds 2
Baths 2
Year Built 1983
Property Type Condominium
Ownership Type Individual
APN 28-37-28-00-00003.O-0000.00
Subdivision The Palms Condominium
School District Brevard County School District
998 Mina Ave NEPalm Bay, FL 32907
Estimated Value $565,000
Living Area 2,325 SqFt
Beds 3
Baths 2
Year Built 1992
Property Type Single Family
Ownership Type Related
APN 28-37-29-KP-02370.0-0009.00
Subdivision Port Malabar Unit 45
School District Brevard County School District
715 Seymour Rd NEPalm Bay, FL 32905
Estimated Value $458,000
Living Area 2,144 SqFt
Beds 4
Baths 2
Year Built 1989
Property Type Single Family
Ownership Type Corporate
APN 28-37-29-MQ-00102.0-0030.00
Subdivision Port Malabar Country Club Unit 10
School District Brevard County School District
2321 Tree Ridge Ln NEPalm Bay, FL 32905
Estimated Value $616,000
Living Area 4,256 SqFt
Beds 3
Baths 2.5
Year Built 1988
Property Type Quadruplex 4 Units
Ownership Type Multiple
APN 28-37-28-01-0000B.0-0007.00
Subdivision Pinehurst
810 Champion Dr NEPalm Bay, FL 32905
Estimated Value $550,000
Living Area 2,890 SqFt
Beds 4
Baths 2
Year Built 1991
Property Type Single Family
Ownership Type Trust
APN 28-37-28-50-00000.0-0010.00
Subdivision Raysteff Country Club Subdivision
School District Brevard County School District
1398 Cromey Rd NEPalm Bay, FL 32905
Estimated Value $321,000
Living Area 1,194 SqFt
Beds 3
Baths 2
Year Built 1977
Property Type Single Family
Ownership Type Individual
APN 28-37-21-KY-00025.0-0001.00
Subdivision Port Malabar Country Club Unit 4
School District Brevard County School District
2130 Forest Knoll Dr NE #30-109Palm Bay, FL 32905
Estimated Value $129,000
Living Area 1,069 SqFt
Beds 2
Baths 2
Year Built 1983
Property Type Condominium
Ownership Type Corporate
APN 28-37-28-00-00003.F-0000.00
Subdivision Palms Condo
School District Brevard County School District
1294 Riviera Dr NEPalm Bay, FL 32905
Estimated Value $397,000
Living Area 1,704 SqFt
Beds 3
Baths 2
Year Built 1980
Property Type Single Family
Ownership Type Individual
APN 28-37-21-KX-00017.0-0008.00
Subdivision Port Malabar Country Club Unit 3
School District Brevard County School District
4230 Alamanda Key DrMelbourne, FL 32901
Estimated Value $354,000
Living Area 1,551 SqFt
Beds 3
Baths 2
Year Built 2006
Property Type Duplex 2 Units
Ownership Type Individual
APN 28-37-16-54-0000B.0-0045.00
Subdivision Alamanda Key Phase I
School District Brevard County School District
4700 Pagosa Springs CirMelbourne, FL 32901
Estimated Value $411,000
Living Area 1,846 SqFt
Beds 4
Baths 2
Year Built 2017
Property Type Single Family
Ownership Type Individual
APN 28-37-16-56-00000.0-0014.00
Subdivision Ridgecrest
School District Brevard County School District
1050 Luminary Cir #UNMelbourne, FL 32901
Estimated Value $289,000
Living Area 1,277 SqFt
Beds 3
Baths 2
Year Built 2006
Property Type Townhouse
Ownership Type Related
APN 28-37-21-26-0000D.0-0035.00
Subdivision Sonesta Walk Phase Two
School District Brevard County School District
1441 Mariposa Dr NEPalm Bay, FL 32905
Estimated Value $257,000
Living Area 1,425 SqFt
Beds 3
Baths 2
Year Built 1979
Property Type Single Family
Ownership Type Related
APN 28-37-21-LR-00057.0-0005.00
Subdivision Port Malabar Country Club Unit 6
School District Brevard County School District