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
Vauxhall St1832$318,5291,743 Sq.Ft.2/23/2022Vega Ct432$398,5001,699 Sq.Ft.8/6/2021Veldo Ave632$312,4003,181 Sq.Ft.12/5/2023Velorum Ln1N/AN/AN/AN/AN/AVelvet Ave1232$297,2501,670 Sq.Ft.9/5/2024Venus St1732$333,5831,851 Sq.Ft.11/1/2024Verbena Ct8N/AN/AN/A12,197 Sq.Ft.12/23/2024Ver Cir1832$308,7502,654 Sq.Ft.12/9/2024Verdi Cir8842$385,6901,848 Sq.Ft.3/14/2022Veridian Cir15142$414,8112,185 Sq.Ft.5/28/2025Vermont St832$394,4292,024 Sq.Ft.11/1/2018Vernon Dr1232$257,5831,342 Sq.Ft.10/18/2024Veronese Pl19N/AN/AN/AN/A12/13/2024Veronica Ave3332$325,3331,670 Sq.Ft.3/31/2025Vesuvius St16N/AN/AN/AN/A8/29/2024Veterans Dr1N/AN/AN/A6,552 Sq.Ft.N/AVia Catalano Ct2143$612,2782,390 Sq.Ft.10/7/2024Viburnum Rd1732$345,8571,956 Sq.Ft.6/10/2024Victoria Dr1222$234,8752,068 Sq.Ft.3/11/2022Vienna St4N/AN/AN/A2,553 Sq.Ft.N/AVignoles Ave1533$429,3332,313 Sq.Ft.9/28/2012Viking St1332$384,0771,942 Sq.Ft.8/15/2024Villa Nueva Ave1N/AN/AN/A64,984 Sq.Ft.N/AVillanueva Ave1N/AN/AN/AN/A3/23/2007Vine Ct5N/AN/A$319,000N/A8/22/2024Vin Rose Cir12132$310,9661,733 Sq.Ft.5/28/2025Violet Ave1932$318,5002,113 Sq.Ft.12/20/2024Virginia Ct1522$137,533982 Sq.Ft.2/19/2025Vista Ct622$128,0001,015 Sq.Ft.2/10/2025Vista Oaks Cir10822$181,3891,236 Sq.Ft.5/30/2025Voyager St1132$266,6361,195 Sq.Ft.7/10/2024Wabash Rd5932$304,2201,861 Sq.Ft.3/24/2025Wabasso Ave332$259,3331,355 Sq.Ft.10/23/2023Wabowen Rd60N/AN/AN/A11,253 Sq.Ft.11/20/2024Wabun St922$270,6251,467 Sq.Ft.6/27/2024Wacker Ave6132$282,5221,781 Sq.Ft.8/23/2024Waco Blvd11932$289,9783,142 Sq.Ft.5/27/2025Wacona St1321$278,2731,363 Sq.Ft.3/12/2025Waconia Ave26N/AN/AN/A10,454 Sq.Ft.2/21/2025Wadena St1132$329,7501,809 Sq.Ft.3/11/2020Wade St3432$323,0563,908 Sq.Ft.12/13/2024Wading Bird Cir7743$433,6322,772 Sq.Ft.5/22/2023Wadsworth St3732$296,0561,425 Sq.Ft.5/30/2025Waffle St4432$285,5162,791 Sq.Ft.5/2/2025Wagner St1032$318,2863,284 Sq.Ft.5/29/2025Wagonwheel Ave4232$276,2801,367 Sq.Ft.2/20/2025Waialae Cir2332$375,4352,038 Sq.Ft.5/7/2025Waikiki Ave1632$319,8751,600 Sq.Ft.5/29/2025Wainwright St2032$279,8332,689 Sq.Ft.3/1/2024Wakaw Ln932$311,4441,572 Sq.Ft.10/13/2023Wakefield Rd3532$315,5002,745 Sq.Ft.3/10/2025Wake Forest Rd5732$317,9441,931 Sq.Ft.4/2/2025Wakow Cir41N/AN/AN/A11,181 Sq.Ft.9/16/2024Walcott St28N/AN/AN/A10,019 Sq.Ft.3/4/2025Walden Blvd6432$346,3221,826 Sq.Ft.2/28/2025Waldorf Cir4122$220,7801,056 Sq.Ft.8/2/2024Waldo St2332$319,8572,260 Sq.Ft.4/4/2025Waldrep St2032$299,1114,218 Sq.Ft.5/3/2024Waldrun St1832$293,1331,471 Sq.Ft.5/27/2025Walker St3432$343,1822,795 Sq.Ft.2/18/2025Wallace Ave1832$321,0001,696 Sq.Ft.7/18/2024Wall St132$252,0001,278 Sq.Ft.N/AWalmsley St2232$284,4002,527 Sq.Ft.1/6/2025Walnut Ln932$295,8001,735 Sq.Ft.10/19/2021Walpole Rd1332$309,0002,301 Sq.Ft.11/10/2023Walsh Ave2432$301,2005,507 Sq.Ft.7/2/2024Walters Ave1032$325,0001,699 Sq.Ft.5/16/2023Walthan St1632$297,2312,097 Sq.Ft.6/3/2025Waltz St2332$277,6921,309 Sq.Ft.4/21/2023Waneta St2332$295,6005,913 Sq.Ft.2/25/2025Wapello Ave3332$317,4781,581 Sq.Ft.2/14/2025Warbler Ave38N/AN/AN/A10,019 Sq.Ft.3/25/2024Wardell Ave1732$278,7502,665 Sq.Ft.2/12/2025Ward Rd2932$294,7782,626 Sq.Ft.3/31/2025Ware Ave1632$334,2732,433 Sq.Ft.10/11/2024Warner Rd1432$271,4553,163 Sq.Ft.11/25/2024Warrington Rd1632$313,6671,669 Sq.Ft.9/12/2024Warrior Ave1022$280,5561,361 Sq.Ft.4/25/2025Warsaw Ave2732$334,4092,193 Sq.Ft.4/21/2025Warton Ave3332$316,2861,857 Sq.Ft.1/13/2025Warwick St6432$351,1745,172 Sq.Ft.12/3/2024Washburn St2432$317,2672,139 Sq.Ft.2/7/2025Washington St3532$233,6002,027 Sq.Ft.12/5/2024Wasilla Ave1532$335,0003,322 Sq.Ft.3/14/2025Waterbury Ave2132$344,3333,251 Sq.Ft.5/9/2025Water Dr821$513,7502,366 Sq.Ft.4/2/2024Waterford St3832$338,1763,400 Sq.Ft.12/11/2024Waterman Ln432$374,0001,991 Sq.Ft.9/1/2000Wateroak Dr3222$256,1671,123 Sq.Ft.5/27/2025Waterside Rd5732$305,7332,654 Sq.Ft.5/5/2025Waterway St3832$311,2312,441 Sq.Ft.6/27/2024Watkins Rd3932$318,8571,902 Sq.Ft.3/10/2025Watoga Ave632$288,6001,388 Sq.Ft.5/28/2024Watson Ave332$318,0001,932 Sq.Ft.8/12/2020Waukesha Ave1232$293,9003,014 Sq.Ft.4/9/2025Wavecrest Ave1732$289,5291,600 Sq.Ft.2/1/2024Waverly Ave2132$305,3572,723 Sq.Ft.2/27/2025Waycross Rd1932$298,9172,170 Sq.Ft.3/25/2025Waylaid Ave1932$271,5711,462 Sq.Ft.6/3/2025Wayland Rd2232$256,5632,734 Sq.Ft.10/18/20241044 Eleuthera Dr NEPalm Bay, FL 32905
Estimated Value $374,000
Living Area 2,354 SqFt
Beds 3
Baths 2
Year Built 2004
Property Type Duplex 2 Units
Ownership Type Individual
APN 28-37-28-25-0000A.0-0015.00
Subdivision Bimini Bay
School District Brevard County School District
1031 Mariposa Dr NEPalm Bay, FL 32905
Estimated Value $260,000
Living Area 1,176 SqFt
Beds 2
Baths 2
Year Built 1979
Property Type Single Family
Ownership Type Multiple
APN 28-37-29-LR-00063.0-0015.00
Subdivision Port Malabar Country Club Unit 6
School District Brevard County School District
621 Indian Oaks DrMelbourne, FL 32901
Estimated Value $393,000
Living Area 1,781 SqFt
Beds 3
Baths 2
Year Built 2002
Property Type Single Family
Ownership Type Related
APN 28-37-16-27-0000A.0-0080.00
Subdivision Pine Creek Phase 1
School District Brevard County School District
1460 Sheafe Ave NE #108Palm Bay, FL 32905
Estimated Value $213,000
Living Area 1,156 SqFt
Beds 3
Baths 2
Year Built 1982
Property Type Townhouse
Ownership Type Individual
APN 28-37-20-75-00092.0-0041.00
Subdivision Port Malabar Country Club Unit 7 First R
School District Brevard County School District
1127 Hampshire Ave NEPalm Bay, FL 32905
Estimated Value $268,000
Living Area 1,176 SqFt
Beds 3
Baths 2
Year Built 1979
Property Type Single Family
Ownership Type Related
APN 28-37-28-LW-00067.0-0004.00
Subdivision Port Malabar Country Club Unit 7
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
1180 Riviera Dr NEPalm Bay, FL 32905
Estimated Value $326,000
Living Area 1,786 SqFt
Beds 3
Baths 2
Year Built 1980
Property Type Single Family
Ownership Type Individual
APN 28-37-28-LW-00075.0-0007.00
Subdivision Port Malabar Country Club Unit 7
School District Brevard County School District
4270 Alamanda Key DrMelbourne, FL 32901
Estimated Value $351,000
Living Area 1,462 SqFt
Beds 2
Baths 2
Year Built 2006
Property Type Duplex 2 Units
Ownership Type Individual
APN 28-37-16-54-0000B.0-0049.00
Subdivision Alamanda Key Phase I
School District Brevard County School District
3573 Shawnee LnMelbourne, FL 32901
Estimated Value $378,000
Living Area 1,790 SqFt
Beds 3
Baths 2
Year Built 2005
Property Type Single Family
Ownership Type Multiple
APN 28-37-16-30-0000C.0-0006.00
Subdivision Pine Creek Phase 4
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
3711 Joslin WayMelbourne, FL 32904
Estimated Value $429,000
Living Area 1,873 SqFt
Beds 4
Baths 2
Year Built 2014
Property Type Single Family
Ownership Type Individual
APN 28-37-17-52-00000.0-0233.00
Subdivision Manchester Lakes, Phase Three
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
1168 Hampshire Ave NEPalm Bay, FL 32905
Estimated Value $274,000
Living Area 1,176 SqFt
Beds 3
Baths 2
Year Built 1979
Property Type Single Family
Ownership Type Related
APN 28-37-28-LW-00067.0-0010.00
Subdivision Port Malabar Country Club Unit 7
School District Brevard County School District
940 Cross Lake DrMelbourne, FL 32901
Estimated Value $299,000
Living Area 1,114 SqFt
Beds 2
Baths 2
Year Built 1989
Property Type Single Family
Ownership Type Related
APN 28-37-16-52-00000.0-0088.00
Subdivision South Oaks Phase One
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
1499 Sumac Ct NEPalm Bay, FL 32905
Estimated Value $269,000
Living Area 1,398 SqFt
Beds 3
Baths 2
Year Built 1974
Property Type Single Family
Ownership Type Related
APN 28-37-21-KY-00048.0-0010.00
Subdivision Port Malabar Country Club Unit 4
School District Brevard County School District