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
Old Country Rd19542$366,7112,035 Sq.Ft.5/23/2025Olden Ave1632$313,2501,650 Sq.Ft.4/8/2023Oldenberg St4642$352,1433,194 Sq.Ft.1/16/2025Old Rd3142$340,9383,226 Sq.Ft.1/27/2025Oleander Ln1232$289,0005,999 Sq.Ft.6/21/2024Olean St2432$341,3503,026 Sq.Ft.11/12/2024Olin Rd2143$342,6008,243 Sq.Ft.4/28/2025Olivia St8442$343,5635,498 Sq.Ft.4/24/2025Olivick Cir3232$346,6551,841 Sq.Ft.5/29/2025Olman St243$376,5002,047 Sq.Ft.9/19/2019Olmsted St2332$323,9091,584 Sq.Ft.4/25/2025Olney St5042$361,5532,456 Sq.Ft.5/22/2025Olsen St1232$366,5713,188 Sq.Ft.8/4/2023Olsmar St6532$351,3142,297 Sq.Ft.4/30/2025Olster St1342$345,8573,073 Sq.Ft.5/22/2025Olympia Ave7432$332,4412,649 Sq.Ft.3/31/2025Omega St3432$287,7581,479 Sq.Ft.8/28/2023Ontario St8632$320,8061,704 Sq.Ft.3/27/2025Onyx Dr3032$236,6001,232 Sq.Ft.3/5/2024Opaca Ct7N/AN/AN/A11,761 Sq.Ft.9/22/2022Opal St25N/AN/A$305,00017,098 Sq.Ft.12/30/2024Operetta Ave1832$355,2781,909 Sq.Ft.9/29/2023Orange Blossom Trl1321$231,2221,632 Sq.Ft.8/10/2023Orchid Ct2132$313,0772,237 Sq.Ft.9/27/2024Orlov Rd1532$309,5711,566 Sq.Ft.7/1/2020Ortega St2632$312,8641,599 Sq.Ft.8/12/2024Osage St132$574,0003,312 Sq.Ft.1/21/2022Osmosis Dr6842$354,5563,204 Sq.Ft.5/13/2025Osprey St18N/AN/AN/A10,018 Sq.Ft.1/3/2024Othello St16N/AN/AN/AN/A6/25/2020Ottowa Cir53N/AN/AN/A10,019 Sq.Ft.3/22/2024Outback Ave633$639,2502,892 Sq.Ft.6/25/2021Outlook Ct232$236,0001,126 Sq.Ft.5/24/2022Overland Ct4N/AN/AN/AN/A8/29/2016Overlook Dr6411$154,859672 Sq.Ft.9/6/2024Owl St3332$326,8004,947 Sq.Ft.5/13/2024Pace Dr16832$292,6911,736 Sq.Ft.5/21/2025Packer Rd2932$297,5262,003 Sq.Ft.3/17/2025Padgett Rd832$329,2501,755 Sq.Ft.8/23/2024Pagado Rd1232$309,4294,060 Sq.Ft.6/13/2024Paigo St7332$314,8894,322 Sq.Ft.5/30/2025Painesville St1332$303,0001,565 Sq.Ft.7/30/2024Painter St3032$302,5452,260 Sq.Ft.5/2/2025Paisley St3432$298,5861,660 Sq.Ft.5/30/2025Pakenham St2632$286,2001,426 Sq.Ft.4/30/2024Palatka Rd3732$321,2671,929 Sq.Ft.1/24/2025Palau St5132$295,2422,721 Sq.Ft.2/21/2025Palermo St432$308,2501,543 Sq.Ft.9/28/2015Paley Cir3132$311,4231,982 Sq.Ft.4/3/2023Palisades Dr7032$333,3493,238 Sq.Ft.5/21/2025Palmarita St432$353,0008,921 Sq.Ft.6/30/2023Palm Bay Rd17632$273,7789,932 Sq.Ft.5/2/2025Palmdale Cir1932$371,3161,756 Sq.Ft.5/1/2023Palm Dr922$235,4291,216 Sq.Ft.10/4/2024Palmer Ave2532$299,6153,924 Sq.Ft.11/6/2024Palmetto St1032$271,3001,465 Sq.Ft.6/22/2020Palm Place Dr176N/A239,797 Sq.Ft.8/13/2020Palm Rd1N/AN/AN/A746 Sq.Ft.N/APalo Alto St7432$301,3882,771 Sq.Ft.5/22/2025Palomar Ave2332$328,8672,645 Sq.Ft.5/22/2025Pampas St2832$310,0371,878 Sq.Ft.3/10/2025Panama Ave432$260,0001,232 Sq.Ft.1/13/2021Pandora Rd3032$330,8753,764 Sq.Ft.3/5/2025Panorama Ct3N/AN/AN/AN/A4/16/2025Pantone Way14N/AN/AN/AN/AN/APaoli Dr732$295,3331,489 Sq.Ft.7/26/2021Papaya Ave2242$326,0009,339 Sq.Ft.3/31/2025Papillon St3142$341,2581,972 Sq.Ft.3/28/2024Pappas Rd1732$295,0003,519 Sq.Ft.4/30/2025Paquita Cir3643$418,0292,272 Sq.Ft.12/24/2024Parade St221$264,0006,112 Sq.Ft.7/2/2024Paradise Ct432$284,0001,792 Sq.Ft.1/13/2020Paragon Rd5632$318,6901,832 Sq.Ft.11/21/2024Paramount Ave3132$305,4581,581 Sq.Ft.10/29/2024Parham Ave432$273,0001,245 Sq.Ft.12/21/2021Paris Ave1132$276,6251,441 Sq.Ft.9/18/2023Park Ln1021$103,600810 Sq.Ft.11/26/2024Parkview Ct1922$121,947930 Sq.Ft.8/14/2024Parrotfish St4332$324,5005,384 Sq.Ft.10/2/2024Parrsboro St4532$326,8101,787 Sq.Ft.5/14/2025Parsons Cir4632$309,8331,681 Sq.Ft.4/28/2025Par St432$265,6671,320 Sq.Ft.6/22/2021Pasadena Rd2932$279,5002,301 Sq.Ft.9/9/2024Pasto Cir3543$413,2352,245 Sq.Ft.10/27/2022Patsy Ave2N/AN/A$634,0003,190 Sq.Ft.6/1/2016Patty Cir2532$192,3751,211 Sq.Ft.7/24/2024Pavillion St2232$306,9383,053 Sq.Ft.5/15/2025Pavons Ave9N/AN/AN/A13,721 Sq.Ft.8/14/2023Peach Ave1332$386,8331,784 Sq.Ft.7/29/2022Peachland Ave1232$427,4171,924 Sq.Ft.4/1/2024Peacock Ave2432$415,1302,025 Sq.Ft.11/1/2024Peake St1732$412,1181,994 Sq.Ft.6/25/2024Pear Ave2N/AN/AN/AN/A9/28/2022Pebble Ave1032$418,0001,956 Sq.Ft.4/25/2025Pebble Beach Ave2132$389,7621,871 Sq.Ft.12/7/2023Pecan Ave122$249,0001,372 Sq.Ft.5/22/2024Peckham St3032$432,9671,984 Sq.Ft.7/31/2024Peggy Cir1832$404,6881,886 Sq.Ft.5/24/2024Pelham St3232$222,7831,490 Sq.Ft.8/5/2024Pelican Dr2832$409,9622,029 Sq.Ft.10/2/20244101 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
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
1400 Sheafe Ave NE #109Palm Bay, FL 32905
Estimated Value $179,000
Living Area 793 SqFt
Beds 2
Baths 2
Year Built 1983
Property Type Townhouse
Ownership Type Individual
APN 28-37-20-75-00096.0-0028.00
Subdivision Port Malabar Country Club Unit 7 First R
School District Brevard County School District
496 Melanie CirMelbourne, FL 32901
Estimated Value $359,000
Living Area 1,911 SqFt
Beds 3
Baths 2
Year Built 2004
Property Type Single Family
Ownership Type Related
APN 28-37-16-76-00000.0-0038.00
Subdivision Belle Terrace
School District Brevard County School District
1268 Osborne CtMelbourne, FL 32904
Estimated Value $371,000
Living Area 1,307 SqFt
Beds 3
Baths 2
Year Built 2011
Property Type Single Family
Ownership Type Related
APN 28-37-17-51-00000.0-0454.00
Subdivision Manchester Lakes Phase Two
School District Brevard County School District
3805 Sage Brush CirMelbourne, FL 32901
Estimated Value $427,000
Living Area 1,827 SqFt
Beds 4
Baths 2
Year Built 2018
Property Type Single Family
Ownership Type Individual
APN 28-37-16-31-00000.0-0001.00
Subdivision Pine Meadow
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
960 Hooper Ave NEPalm Bay, FL 32905
Estimated Value $318,000
Living Area 1,653 SqFt
Beds 3
Baths 2
Year Built 1979
Property Type Single Family
Ownership Type Individual
APN 28-37-28-02-00078.0-0003.00
Subdivision Port Malabar Country Club Unit 8
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
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
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
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
983 S Fork CirMelbourne, FL 32901
Estimated Value $309,000
Living Area 1,204 SqFt
Beds 3
Baths 2
Year Built 1997
Property Type Single Family
Ownership Type Multiple
APN 28-37-16-52-00000.0-0080.00
Subdivision South Oaks Phase One
School District Brevard County School District
1234 York CirMelbourne, FL 32904
Estimated Value $501,000
Living Area 2,069 SqFt
Beds 3
Baths 2
Year Built 1985
Property Type Single Family
Ownership Type Related
APN 28-37-17-02-00001.0-0027.00
Subdivision Coventry Subdivision Phase 1
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
933 S Fork CirMelbourne, FL 32901
Estimated Value $295,000
Living Area 1,056 SqFt
Beds 3
Baths 2
Year Built 1990
Property Type Single Family
Ownership Type Individual
APN 28-37-16-52-00000.0-0133.00
Subdivision South Oaks Phase One
School District Brevard County School District