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
Lear Ct9N/AN/AN/AN/A2/3/2005Le Baron St1632$310,0001,587 Sq.Ft.2/27/2025Lech Ave1032$330,8891,667 Sq.Ft.6/26/2024Leclaire Ln1132$398,9092,034 Sq.Ft.7/1/2024Lee Ave1832$298,2781,592 Sq.Ft.9/19/2024Leesburg St12N/AN/AN/AN/A3/21/2022Leeward Ave3332$264,2861,575 Sq.Ft.3/20/2025Lefrak Rd42N/AN/AN/A10,019 Sq.Ft.2/25/2025Legend St21N/AN/AN/A10,890 Sq.Ft.4/9/2022Legion Ave32N/AN/AN/A10,019 Sq.Ft.3/14/2023Lehigh Ave1732$270,0771,478 Sq.Ft.3/18/2025Lemay Dr832$374,4293,119 Sq.Ft.11/11/2024Lemon St1242$430,0001,948 Sq.Ft.4/13/2024Lenox Ct422$214,500930 Sq.Ft.5/21/2021Lerici St1332$307,2311,636 Sq.Ft.10/30/2023Lexington St3232$291,9291,372 Sq.Ft.5/21/2024Leyton Ave24N/AN/AN/A10,019 Sq.Ft.11/29/2023Libby Ave2443$357,0006,202 Sq.Ft.5/8/2025Lichty St1621$343,6432,093 Sq.Ft.9/30/2022Lilac St1132$330,4551,636 Sq.Ft.3/7/2025Lime Ave1132$289,6361,461 Sq.Ft.9/18/2024Limequat St642$437,3332,034 Sq.Ft.7/26/2016Lincoln St1632$305,3751,642 Sq.Ft.12/8/2023Lindsey Ct822$128,125878 Sq.Ft.5/30/2025Lingen Ave1932$338,8751,765 Sq.Ft.11/8/2024Linmoor Cir2632$269,2311,260 Sq.Ft.10/3/2022Linwood Ln832$238,3751,088 Sq.Ft.12/20/2022Lipscomb St1532$242,00012,311 Sq.Ft.6/21/2024Lisa Rd2432$332,9551,647 Sq.Ft.1/24/2022Little Ct922$142,2221,030 Sq.Ft.3/24/2022Live Oak St6832$161,7011,129 Sq.Ft.5/15/2025Lizette St1133$421,3751,783 Sq.Ft.4/25/2025Lockheed St124$621,0003,840 Sq.Ft.3/8/2019Lockmar Ave1032$364,2503,314 Sq.Ft.3/14/2025Locust Ave3032$290,1721,459 Sq.Ft.9/24/2024Logan Ave532$271,8001,466 Sq.Ft.6/4/2020Lombard St4232$296,2251,690 Sq.Ft.4/25/2025Londale Ave232$248,0001,424 Sq.Ft.3/1/2016Londonderry Cir3232$315,6551,565 Sq.Ft.8/30/2024Lone Ln332$320,0001,579 Sq.Ft.2/14/2023Long Ln542$349,0001,923 Sq.Ft.7/29/2024Looney St232$331,0001,632 Sq.Ft.4/23/2020Loquat Ct1132$312,0001,534 Sq.Ft.5/2/2022Lotus St2532$342,5222,550 Sq.Ft.4/16/2025Love Ct532$313,6001,651 Sq.Ft.4/7/2022Lowry Blvd4332$334,2143,292 Sq.Ft.5/23/2025Lucky St2032$317,9292,192 Sq.Ft.6/1/2022Ludwig St9N/AN/AN/AN/A2/10/2021Luma Ct1N/AN/AN/AN/A2/4/2005Lure Ct1242$357,5831,996 Sq.Ft.5/28/2021Lyall Ct5N/AN/AN/AN/A3/21/2022Lynbrook St8832$304,5311,543 Sq.Ft.3/28/2025Lyndall Ln843$583,6252,327 Sq.Ft.3/6/2024Lynn St6N/AN/AN/A20,909 Sq.Ft.6/25/2024Lynridge Ln832$278,8751,323 Sq.Ft.7/9/2024Lyons Cir5232$321,1801,816 Sq.Ft.10/24/2024Lyra Pl10N/AN/AN/AN/AN/AMacaria Ave1N/AN/AN/AN/AN/AMacedo Rd2032$316,6111,590 Sq.Ft.2/3/2025Machado St13N/AN/AN/AN/A12/23/2024Mackay Ave3232$281,0002,899 Sq.Ft.4/15/2025Macklin St5232$315,2862,107 Sq.Ft.6/3/2025Macon St1532$335,3752,727 Sq.Ft.10/24/2024Madden Ave17932$469,75010,083 Sq.Ft.5/2/2025Madison Rd1532$336,4291,722 Sq.Ft.2/18/2025Madoc St1432$287,0771,595 Sq.Ft.12/13/2024Madrid Ave932$406,3332,044 Sq.Ft.12/26/2023Magdad St24N/AN/AN/A10,019 Sq.Ft.9/16/2024Magenta Way1N/AN/AN/AN/AN/AMagic St11N/AN/AN/A16,553 Sq.Ft.8/9/2022Magnolia St1622$227,4621,218 Sq.Ft.1/24/2025Mahaffey Ave29N/AN/AN/AN/A11/27/2024Mahoe St22N/AN/AN/A10,019 Sq.Ft.6/13/2024Mahogany Ct1532$327,2501,661 Sq.Ft.3/9/2023Main St2232$292,5458,862 Sq.Ft.6/5/2025Majestic Pine Ct3532$288,2941,293 Sq.Ft.12/29/2023Majorelle Dr64N/AN/AN/AN/AN/AMakoy St9N/AN/AN/AN/A3/24/2021Malabar Lakes Dr1N/AN/AN/A100,843 Sq.Ft.9/21/2015Malabar Rd16434$355,90027,348 Sq.Ft.4/8/2025Malibu Cir18722$195,3261,000 Sq.Ft.5/22/2025Mallen Ave21N/AN/AN/A10,019 Sq.Ft.7/19/2023Malone St1732$290,4711,499 Sq.Ft.3/31/2025Mandarin Dr4342$484,0752,940 Sq.Ft.4/26/2024Mandrake Ln4N/AN/A$251,000N/AN/AMango St8422$163,3101,160 Sq.Ft.5/28/2025Manhattan St432$333,7501,736 Sq.Ft.9/26/2022Mann Ave1732$309,6881,536 Sq.Ft.4/30/2025Manor Dr9332$209,1791,464 Sq.Ft.5/8/2025Mantilla Ave3332$299,9682,098 Sq.Ft.7/30/2024Manzanita St4432$301,3511,492 Sq.Ft.3/14/2025Maphisto Ave22N/AN/AN/A10,019 Sq.Ft.12/23/2024Maple Ct1122$121,182902 Sq.Ft.9/9/2020Maplewood St1N/AN/AN/AN/AN/AMara Loma Blvd2N/AN/AN/A111,898 Sq.Ft.8/15/2005Mardi Gras Ave2232$326,6671,699 Sq.Ft.4/14/2025Margaret St521$262,0001,643 Sq.Ft.7/14/2023Marietta St642$478,3332,202 Sq.Ft.1/14/2022Marigold Trl13842$389,6552,028 Sq.Ft.5/30/2025Mariner Ave2032$274,7003,024 Sq.Ft.2/27/20251435 Malibu Cir NE #110Palm Bay, FL 32905
Estimated Value $225,000
Living Area 1,204 SqFt
Beds 3
Baths 2
Year Built 1985
Property Type Townhouse
Ownership Type Individual
APN 28-37-20-76-00112.0-0003.00
Subdivision Port Malabar Country Club Unit 7 Pt Of S
School District Brevard County School District
1203 Bluff Ave NEPalm Bay, FL 32907
Estimated Value $408,000
Living Area 2,386 SqFt
Beds 4
Baths 2
Year Built 2004
Property Type Single Family
Ownership Type Related
APN 28-37-19-MH-02116.0-0001.00
Subdivision Port Malabar Unit 21, 1st Replat Of
School District Brevard County School District
745 Luminary Cir #101Melbourne, FL 32901
Estimated Value $290,000
Living Area 1,277 SqFt
Beds 3
Baths 2
Year Built 2005
Property Type Townhouse
Ownership Type Multiple
APN 28-37-21-25-0000B.0-0001.00
Subdivision Sonesta Walk
School District Brevard County School District
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
1290 Goode Dr NEPalm Bay, FL 32907
Estimated Value $321,000
Living Area 1,382 SqFt
Beds 3
Baths 2
Year Built 1988
Property Type Single Family
Ownership Type Multiple
APN 28-37-19-MH-02086.0-0011.00
Subdivision Port Malabar Unit 21, 1st Replat Of
School District Brevard County School District
1223 Cambo Ct NEPalm Bay, FL 32905
Estimated Value $256,000
Living Area 1,176 SqFt
Beds 3
Baths 2
Year Built 1977
Property Type Single Family
Ownership Type Related
APN 28-37-21-KY-00041.0-0018.00
Subdivision Port Malabar Country Club Unit 4
School District Brevard County School District
1145 Luminary Cir #UNMelbourne, FL 32901
Estimated Value $284,000
Living Area 1,277 SqFt
Beds 3
Baths 2
Year Built 2006
Property Type Townhouse
Ownership Type Multiple
APN 28-37-21-26-0000C.0-0052.00
Subdivision Sonesta Walk Phase Two
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
1451 Sheafe Ave NE #107Palm Bay, FL 32905
Estimated Value $207,000
Living Area 1,163 SqFt
Beds 3
Baths 2
Year Built 1983
Property Type Townhouse
Ownership Type Individual
APN 28-37-20-75-00099.0-0019.00
Subdivision Port Malabar Country Club Unit 7 First R
School District Brevard County School District
969 Tavernier Cir NEPalm Bay, FL 32905
Estimated Value $398,000
Living Area 1,701 SqFt
Beds 3
Baths 2
Year Built 2005
Property Type Single Family
Ownership Type Trust
APN 28-37-29-26-00000.0-0076.00
Subdivision Riviera Key
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
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
810 Luminary Cir #105Melbourne, FL 32901
Estimated Value $287,000
Living Area 1,277 SqFt
Beds 3
Baths 2
Year Built 2005
Property Type Townhouse
Ownership Type Multiple
APN 28-37-21-25-0000A.0-0023.00
Subdivision Sonesta Walk
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
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
522 Melanie CirMelbourne, FL 32901
Estimated Value $364,000
Living Area 1,905 SqFt
Beds 3
Baths 2
Year Built 2004
Property Type Single Family
Ownership Type Related
APN 28-37-16-76-00000.0-0042.00
Subdivision Belle Terrace
School District Brevard County School District