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
Flameflower Ter17N/AN/AN/A17,424 Sq.Ft.6/9/2022Flamms Pl342$671,0002,345 Sq.Ft.10/13/2017Flanders Ave2132$319,5382,453 Sq.Ft.2/4/2025Flat River St1832$349,8331,726 Sq.Ft.4/4/2025Fleetwood St4532$329,0005,842 Sq.Ft.11/24/2024Fleming Ave6032$337,0912,792 Sq.Ft.3/25/2025Flers St8N/AN/AN/A10,019 Sq.Ft.4/11/2023Fletcher Rd3432$285,5001,745 Sq.Ft.4/14/2025Fling Ave732$337,6003,611 Sq.Ft.12/5/2024Flintlock Ave1632$310,4621,563 Sq.Ft.7/22/2024Flintstone Ave2542$341,5833,223 Sq.Ft.4/2/2025Florala Ave1832$332,2004,359 Sq.Ft.5/23/2023Floral Ct1222$134,583989 Sq.Ft.3/21/2025Florence St142$346,0001,746 Sq.Ft.11/12/2024Floresta Dr3032$261,0331,322 Sq.Ft.8/16/2023Florida Ave532$197,6673,354 Sq.Ft.8/5/2024Florin Rd121N/A4,865 Sq.Ft.9/30/2021Flounder Ave1732$337,9411,774 Sq.Ft.3/10/2022Flower St3332$295,4241,489 Sq.Ft.5/28/2025Flowerwood Dr2143$527,1432,679 Sq.Ft.12/7/2022Floyd St3032$323,7272,553 Sq.Ft.1/17/2025Fluger St23N/AN/AN/A10,019 Sq.Ft.4/4/2025Fluvia Ave1932$319,8421,574 Sq.Ft.12/18/2024Flying U Ln1N/AN/AN/AN/AN/AFlynn St3232$336,3082,950 Sq.Ft.4/22/2025Foam Ln832$255,0001,239 Sq.Ft.9/4/2024Fogarty St27N/AN/AN/A10,019 Sq.Ft.2/21/2025Foggy Mist Rd9942$386,7881,954 Sq.Ft.8/2/2024Foley St2932$336,5003,453 Sq.Ft.4/25/2025Fondulac St1842$308,6674,624 Sq.Ft.5/15/2024Fonsica St3732$384,0006,438 Sq.Ft.5/29/2025Fontainebleau Ave4032$324,6471,692 Sq.Ft.9/12/2024Forbes St3232$309,1824,173 Sq.Ft.1/13/2025Ford Ct9N/AN/AN/AN/AN/AFordham Rd632$250,6009,727 Sq.Ft.6/21/2022Foremere Ave1032$344,7501,778 Sq.Ft.9/12/2024Foremost Ave1532$326,3331,722 Sq.Ft.8/21/2024Foresman Ave1932$338,0832,486 Sq.Ft.3/7/2025Forest Knoll Dr9122$130,1251,070 Sq.Ft.1/17/2025Forest St3932$300,5951,487 Sq.Ft.5/9/2025Forgal Ave932$335,0001,643 Sq.Ft.10/1/2021Forge Ct532$339,0001,644 Sq.Ft.8/27/2018Forghun Ave3432$331,2002,905 Sq.Ft.5/3/2024Forkland Rd1732$328,7505,098 Sq.Ft.11/1/2024Forrest Hills St4532$348,8133,254 Sq.Ft.4/16/2025Fort Pierce St3742$348,1721,875 Sq.Ft.2/7/2025Fort St732$309,3331,795 Sq.Ft.8/31/2023Fortune Ave1132$328,6005,609 Sq.Ft.1/22/2025Fort Worth St1132$422,4001,887 Sq.Ft.7/10/2024Fossen Dr1N/AN/AN/AN/AN/AFoster Rd2532$317,3574,267 Sq.Ft.5/16/2025Foundation Park Blvd2532$300,2869,559 Sq.Ft.6/25/2024Fountain St4332$341,8244,229 Sq.Ft.3/6/2025Fournier St3142$350,7003,013 Sq.Ft.1/27/2025Four Winds St2132$336,7001,618 Sq.Ft.12/27/2024Fowler Ave1442$411,5005,249 Sq.Ft.12/6/2024Fox Ct343$332,3332,100 Sq.Ft.4/5/2020Foxdall Ave1132$283,4551,382 Sq.Ft.7/11/2024Foxglove Ave1843$356,5712,870 Sq.Ft.5/14/2025Fox Hills Ave542$340,7501,874 Sq.Ft.2/14/2025Fox Trail St1243$749,75048,946 Sq.Ft.7/3/2023Framingham Ave4842$351,0454,142 Sq.Ft.2/27/2025Franciscan Ave1732$301,7272,191 Sq.Ft.8/31/2023Francis St432$302,3331,354 Sq.Ft.5/29/2024Frankford Ave2732$343,2001,763 Sq.Ft.11/4/2024Franklin Dr9N/AN/AN/A11,847 Sq.Ft.11/20/2020Frante Ave2932$314,2801,953 Sq.Ft.5/15/2024Frantz Ave1832$377,2502,032 Sq.Ft.4/1/2025Franzing St4132$353,1672,905 Sq.Ft.3/13/2025Frazer St4432$348,5002,906 Sq.Ft.4/16/2024Frederica Ave1532$348,6671,943 Sq.Ft.9/23/2022Fredericksburg St4442$354,4842,601 Sq.Ft.8/9/2024Frederick St3542$362,0005,093 Sq.Ft.11/15/2024Freeberg Ave33N/AN/AN/AN/A12/2/2024Freedom Ave1732$318,5003,902 Sq.Ft.8/8/2024Freehold Ave3032$331,2731,760 Sq.Ft.3/21/2025Freeman Rd2932$317,1031,733 Sq.Ft.5/27/2025Freemont Ave1632$317,0003,136 Sq.Ft.4/28/2025Freil Rd2532$257,9201,213 Sq.Ft.12/3/2024Fresno Ave1832$338,3004,076 Sq.Ft.12/16/2024Friendly St2742$357,0002,557 Sq.Ft.1/6/2025Frisco St1332$339,5381,773 Sq.Ft.5/15/2025Fronda Ave2632$313,0502,486 Sq.Ft.2/18/2025Frost Rd1632$337,3335,132 Sq.Ft.2/13/2025Froude Ave1042$375,5001,686 Sq.Ft.12/18/2024Fruitland Ave2932$350,3852,546 Sq.Ft.2/24/2025Fuchsia Pl2242$444,0002,201 Sq.Ft.5/21/2025Fulda Ave2732$289,2691,533 Sq.Ft.1/13/2025Fuller St1132$334,7271,793 Sq.Ft.2/4/2022Fullerton Ave1043$357,0002,028 Sq.Ft.3/28/2025Fulton Ln1732$268,8821,588 Sq.Ft.4/24/2025Furth Rd4432$303,6981,455 Sq.Ft.10/30/2024Gabboys Ave1932$308,6673,290 Sq.Ft.4/4/2025Gabriel Ave732$454,5712,205 Sq.Ft.8/11/2021Gabrysh Ave3432$317,0672,850 Sq.Ft.3/26/2025Gadsden Ave2532$308,9171,785 Sq.Ft.11/22/2024Gadshaw Ave1032$288,5001,535 Sq.Ft.5/21/2025Gaffney Ave2332$292,8893,038 Sq.Ft.5/23/2025Gager St742$353,0001,976 Sq.Ft.2/26/2025Gage St432$323,0001,509 Sq.Ft.9/19/20191168 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
1198 Fairway Ct NEPalm Bay, FL 32905
Estimated Value $418,000
Living Area 2,289 SqFt
Beds 3
Baths 2
Year Built 1978
Property Type Single Family
Ownership Type Individual
APN 28-37-28-KX-00018.0-0009.00
Subdivision Port Malabar Country Club Unit 3
School District Brevard County School District
1138 Galty Cir NEPalm Bay, FL 32905
Estimated Value $237,000
Living Area 1,176 SqFt
Beds 2
Baths 2
Year Built 1979
Property Type Single Family
Ownership Type Related
APN 28-37-29-LR-00065.0-0006.00
Subdivision Port Malabar Country Club Unit 6
School District Brevard County School District
1210 Drill Ave NEPalm Bay, FL 32907
Estimated Value $366,000
Living Area 2,006 SqFt
Beds 3
Baths 2
Year Built 2001
Property Type Single Family
Ownership Type Multiple
APN 28-37-19-MH-02089.0-0020.00
Subdivision Port Malabar Unit 21, 1st Replat Of
School District Brevard County School District
1000 Abada Ct NE #109Palm Bay, FL 32905
Estimated Value $211,000
Living Area 1,156 SqFt
Beds 3
Baths 2
Year Built 1982
Property Type Townhouse
Ownership Type Individual
APN 28-37-20-75-00095.0-0003.00
Subdivision Port Malabar Country Club Unit 7 First R
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
1191 Olde Bailey LnMelbourne, FL 32904
Estimated Value $377,000
Living Area 1,925 SqFt
Beds 3
Baths 2
Year Built 2001
Property Type Single Family
Ownership Type Corporate
APN 28-37-18-01-00000.0-0017.00
Subdivision Stratford Pointe Phase One
School District Brevard County School District
1287 Mariposa Dr NEPalm Bay, FL 32905
Estimated Value $307,000
Living Area 1,624 SqFt
Beds 3
Baths 2
Year Built 1979
Property Type Single Family
Ownership Type Related
APN 28-37-20-LR-00060.0-0010.00
Subdivision Port Malabar Country Club Unit 6
School District Brevard County School District
1566 Waldorf Cir NEPalm Bay, FL 32905
Estimated Value $227,000
Living Area 890 SqFt
Beds 2
Baths 2
Year Built 1980
Property Type Townhouse
Ownership Type Trust
APN 28-37-28-77-00084.0-0003.00
Subdivision Port Malabar Country Club Unit 5 1st Rep
School District Brevard County School District
835 Luminary Cir #105Melbourne, FL 32901
Estimated Value $288,000
Living Area 1,277 SqFt
Beds 3
Baths 2
Year Built 2005
Property Type Townhouse
Ownership Type Individual
APN 28-37-21-25-0000B.0-0023.00
Subdivision Sonesta Walk
School District Brevard County School District
495 Melanie CirMelbourne, FL 32901
Estimated Value $372,000
Living Area 1,911 SqFt
Beds 4
Baths 2
Year Built 2004
Property Type Single Family
Ownership Type Corporate
APN 28-37-16-76-00000.0-0031.00
Subdivision Belle Terrace
School District Brevard County School District
4796 Lake Waterford Way W #4Melbourne, FL 32901
Estimated Value $228,000
Living Area 1,525 SqFt
Beds 3
Baths 2.5
Year Built 1987
Property Type Condominium
Ownership Type Individual
APN 28-37-21-00-00039.M-0000.00
Subdivision Gables Ii/Lk/Woods Ph I
School District Brevard County School District
1026 S Fork CirMelbourne, FL 32901
Estimated Value $265,000
Living Area 1,113 SqFt
Beds 2
Baths 2
Year Built 1996
Property Type Single Family
Ownership Type Individual
APN 28-37-16-53-00000.0-0036.00
Subdivision South Oaks Phase Two
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
1050 Craftsland Ln NEPalm Bay, FL 32905
Estimated Value $256,000
Living Area 1,320 SqFt
Beds 3
Baths 2
Year Built 1979
Property Type Single Family
Ownership Type Related
APN 28-37-29-LW-00083.0-0021.00
Subdivision Port Malabar Country Club Unit 7
School District Brevard County School District
981 Plymouth Ct NEPalm Bay, FL 32905
Estimated Value $406,000
Living Area 1,919 SqFt
Beds 3
Baths 2
Year Built 1988
Property Type Single Family
Ownership Type Corporate
APN 28-37-28-06-00000.0-0009.00
Subdivision Plymouth Hollow
School District Brevard County School District