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
Interchange Dr1N/AN/AN/A44,304 Sq.Ft.11/6/2023Interstate Ct8N/AN/AN/A16,346 Sq.Ft.11/1/2022Inwood Ct732$229,7141,119 Sq.Ft.4/11/2025Iota Ct532$272,6001,232 Sq.Ft.11/29/2021Ipswich St1632$295,7691,477 Sq.Ft.10/16/2024Iroka Ct3N/AN/AN/AN/A3/25/2010Iroquois Ave1132$282,6252,334 Sq.Ft.12/16/2024Irvine Ave1232$295,5562,347 Sq.Ft.9/23/2024Irwin Ave244N/A$321,0007,387 Sq.Ft.12/12/2023Isar Ave4432$304,3101,575 Sq.Ft.2/5/2025Island Ave2532$280,8401,448 Sq.Ft.3/27/2024Island Green Dr2332$317,5911,920 Sq.Ft.10/17/2024Isle Royale Ave1432$302,6151,523 Sq.Ft.1/4/2021Islet Ct842$357,2502,140 Sq.Ft.12/26/2024Isom Ln442$467,0002,214 Sq.Ft.4/21/2017Ithaca Ave1432$290,3851,440 Sq.Ft.7/8/2024Itzehoe Ave3432$321,3131,671 Sq.Ft.6/25/2024Ivanhoe St6032$283,0452,902 Sq.Ft.2/5/2025Ivy Ct532$308,0001,807 Sq.Ft.6/20/2024Ixora Ave3832$288,4672,337 Sq.Ft.2/28/2025J A Bombardier Blvd6442$354,2064,344 Sq.Ft.3/31/2025Jacaranda Ave1732$311,0711,580 Sq.Ft.9/6/2023Jacinto Ave1332$296,5381,564 Sq.Ft.2/11/2025Jackson Ave1721$210,882924 Sq.Ft.9/9/2022Jacobin St7132$307,2791,639 Sq.Ft.2/28/2025Jacob St4N/AN/AN/A24,932 Sq.Ft.6/7/2022Jade Ln2132$354,5241,713 Sq.Ft.6/4/2025Jaffee Ave1332$301,1821,603 Sq.Ft.9/27/2024Jamaica Ave2142$337,4005,930 Sq.Ft.11/20/2024James Cir2532$252,9171,534 Sq.Ft.3/14/2025Janus Rd1532$302,6671,568 Sq.Ft.12/27/2022Jared Ave1832$327,4003,427 Sq.Ft.12/20/2024Jaremko Ave1532$364,0005,071 Sq.Ft.10/8/2024Jaro St1432$435,6922,111 Sq.Ft.7/31/2024Jarvis St2832$284,9631,525 Sq.Ft.7/12/2024Jaslo St1532$334,36419,989 Sq.Ft.6/2/2023Jasmine Ct942$364,1671,991 Sq.Ft.10/30/2020Jasper Ave3932$300,2111,577 Sq.Ft.6/6/2025Javier St1032$527,0005,779 Sq.Ft.12/20/2023Jayhawk Ct2142$270,7505,182 Sq.Ft.4/7/2025Jefferson Ave1732$276,8182,110 Sq.Ft.11/13/2024Jena Ct832$346,0001,663 Sq.Ft.6/13/2024Jenkin Ave1832$350,8331,758 Sq.Ft.2/16/2024Jenson Ter1632$335,3751,800 Sq.Ft.5/16/2025Jericho Ave2332$290,6091,515 Sq.Ft.10/27/2023Jersey Ln1132$255,0002,381 Sq.Ft.4/28/2025Jettie St1032$323,0001,709 Sq.Ft.8/4/2022Jetty Ln83N/AN/AN/AN/AN/AJewell St2232$317,9092,567 Sq.Ft.10/17/2024Jinn Ct632$330,3331,587 Sq.Ft.2/22/2021Johnston Rd2632$309,1202,729 Sq.Ft.3/31/2025Jonal Ln1N/AN/AN/A88,427 Sq.Ft.2/8/2002Jonquil Ln21N/AN/AN/AN/AN/AJoppa St6N/AN/AN/AN/AN/AJordan Ct1042$277,3752,820 Sq.Ft.2/13/2024Joshua Dr2832$191,7141,235 Sq.Ft.6/14/2024Joy Ct822$141,0001,058 Sq.Ft.6/1/2023Joy Haven Ave1332$303,1003,819 Sq.Ft.2/10/2025J T Sancho St6742$343,4674,468 Sq.Ft.4/28/2025Julian Ave9N/A3N/A3,942 Sq.Ft.10/19/2023June Ave532$315,2001,578 Sq.Ft.7/12/2024Jupiter Blvd45032$303,3322,382 Sq.Ft.5/23/2025Justine Ave1332$302,2501,552 Sq.Ft.5/9/2025Jute Ln1832$397,6112,000 Sq.Ft.6/20/2023Kabibonokka Ave221$188,5001,236 Sq.Ft.4/11/2019Kaileen Cir9132$187,1761,236 Sq.Ft.4/28/2025Kaiser Ct432$324,7501,814 Sq.Ft.11/25/2019Kalif Ave1332$288,6673,623 Sq.Ft.2/27/2025Kalista Ct1143$442,3642,514 Sq.Ft.6/20/2024Kamay Ave332$274,0001,723 Sq.Ft.5/2/2025Kamloops St1832$307,4001,583 Sq.Ft.4/4/2025Kamsack St1532$301,4621,615 Sq.Ft.9/15/2022Kanab Ave542$340,6001,967 Sq.Ft.3/24/2025Kanabec Ave1832$302,3531,615 Sq.Ft.2/21/2024Kansas Rd432$317,5001,701 Sq.Ft.6/20/2024Kaplan St22N/AN/AN/AN/A6/6/2014Kapok Ct1432$318,6671,707 Sq.Ft.7/10/2023Kara Pl1143$484,1822,549 Sq.Ft.7/1/2024Kareena St3032$292,5453,662 Sq.Ft.5/20/2024Karlovy Ave2032$307,4001,542 Sq.Ft.4/18/2025Karney Ave3732$292,7841,567 Sq.Ft.7/19/2024Kaslo Cir3432$303,9091,620 Sq.Ft.4/10/2025Katella Ave532$329,2503,202 Sq.Ft.5/30/2025Katrina Crse1532$299,6671,525 Sq.Ft.5/28/2025Kaufman Ave33N/AN/AN/A10,019 Sq.Ft.2/21/2025Kaycee St16N/AN/AN/AN/A3/21/2022Kayford St2832$301,9171,583 Sq.Ft.3/4/2024Kecherburg Rd1042$327,1431,817 Sq.Ft.10/31/2024Keegan Cir26N/AN/AN/A12,088 Sq.Ft.10/25/2024Keewin Ave1422$235,7861,375 Sq.Ft.12/27/2023Kelly St1132$302,0001,718 Sq.Ft.3/11/2025Kempten St2432$282,4351,385 Sq.Ft.5/20/2025Kenmore St5632$284,0751,652 Sq.Ft.5/14/2025Kent St5932$297,9121,528 Sq.Ft.11/26/2024Kentucky Dr134N/AN/AN/A10,059 Sq.Ft.2/21/2025Kenwood St1132$378,8181,963 Sq.Ft.5/7/2019Kerman St25N/AN/AN/A10,019 Sq.Ft.5/22/2022Kerrs Ln10N/AN/A$350,000N/A5/27/2025Keswick St26N/AN/AN/A12,633 Sq.Ft.12/23/2024Kevitt Ct1132$302,0001,590 Sq.Ft.12/30/20241210 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
4101 Green Oak DrMelbourne, FL 32901
Estimated Value $293,000
Living Area 1,149 SqFt
Beds 2
Baths 2
Year Built 1991
Property Type Single Family
Ownership Type Related
APN 28-37-16-53-00000.0-0073.00
Subdivision South Oaks Phase Two
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
1371 San Cortez Ave NEPalm Bay, FL 32907
Estimated Value $253,000
Living Area 936 SqFt
Beds 2
Baths 1
Year Built 1986
Property Type Single Family
Ownership Type Individual
APN 28-37-19-MH-02091.0-0008.00
Subdivision Port Malabar Unit 21, 1st Replat Of
School District Brevard County School District
931 Sierra Pl NEPalm Bay, FL 32907
Estimated Value $510,000
Living Area 2,101 SqFt
Beds 3
Baths 2
Year Built 1998
Property Type Single Family
Ownership Type Related
APN 28-37-29-25-00000.0-0015.00
Subdivision Reserve, The
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
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
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
1495 Malibu Cir NE #103Palm Bay, FL 32905
Estimated Value $205,000
Living Area 836 SqFt
Beds 2
Baths 2
Year Built 1985
Property Type Townhouse
Ownership Type Individual
APN 28-37-20-76-00123.0-0004.00
Subdivision Port Malabar Country Club Unit 7 Pt Of S
School District Brevard County School District
1111 Meadowbrook Rd NEPalm Bay, FL 32905
Estimated Value $428,000
Living Area 1,930 SqFt
Beds 4
Baths 2
Year Built 1993
Property Type Single Family
Ownership Type Related
APN 28-37-29-MQ-00101.0-0009.00
Subdivision Port Malabar Country Club Unit 10
School District Brevard County School District
3890 Sage Brush CirMelbourne, FL 32901
Estimated Value $525,000
Living Area 3,092 SqFt
Beds 4
Baths 2.5
Year Built 2017
Property Type Single Family
Ownership Type Corporate
APN 28-37-16-31-00000.0-0047.00
Subdivision Pine Meadow
School District Brevard County School District
1365 Coventry CirMelbourne, FL 32904
Estimated Value $420,000
Living Area 1,858 SqFt
Beds 3
Baths 2
Year Built 1992
Property Type Single Family
Ownership Type Multiple
APN 28-37-17-04-00002.0-0002.00
Subdivision Coventry Subdivision Phase 3
School District Brevard County School District
1280 Indian Oaks DrMelbourne, FL 32901
Estimated Value $372,000
Living Area 2,011 SqFt
Beds 3
Baths 2
Year Built 2004
Property Type Single Family
Ownership Type Related
APN 28-37-16-29-0000B.0-0011.00
Subdivision Pine Creek Phase 3
School District Brevard County School District
831 Emerson Dr NEPalm Bay, FL 32907
Estimated Value $460,000
Living Area 2,350 SqFt
Beds 4
Baths 2
Year Built 2005
Property Type Single Family
Ownership Type Trust
APN 28-37-29-KP-02421.0-0026.00
Subdivision Port Malabar Unit 45
School District Brevard County School District
4740 Pagosa Springs CirMelbourne, FL 32901
Estimated Value $372,000
Living Area 1,676 SqFt
Beds 3
Baths 2
Year Built 2017
Property Type Single Family
Ownership Type Related
APN 28-37-16-56-00000.0-0010.00
Subdivision Ridgecrest
School District Brevard County School District
1440 Corbett LnMelbourne, FL 32904
Estimated Value $391,000
Living Area 1,529 SqFt
Beds 3
Baths 2
Year Built 2010
Property Type Single Family
Ownership Type Related
APN 28-37-17-50-00000.0-0371.00
Subdivision Manchester Lakes Phase One
School District Brevard County School District