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
Pellam Ave1832$423,7221,966 Sq.Ft.7/11/2024Pembe Ct4N/AN/AN/AN/A7/26/2019Pembroke Ave4332$378,9021,849 Sq.Ft.1/27/2025Pendleton Ave242$414,0002,366 Sq.Ft.11/11/2014Penelope Ave1632$394,5631,945 Sq.Ft.5/18/2021Penfield St10N/AN/AN/A10,019 Sq.Ft.8/8/2024Penguin Ave1332$401,1542,073 Sq.Ft.2/2/2024Penn Ct732$320,2861,748 Sq.Ft.11/9/2022Pennsylvania Ave1132$388,7271,831 Sq.Ft.8/31/2023Pennykamp St7N/AN/AN/A9,417 Sq.Ft.10/25/2020Peony Ct1942$383,4211,914 Sq.Ft.10/31/2023Pepper St3332$399,4065,951 Sq.Ft.12/30/2024Peralta Dr5532$333,7021,779 Sq.Ft.12/19/2024Perkins St17N/AN/AN/A10,019 Sq.Ft.5/16/2025Perrine Ave632$264,3331,380 Sq.Ft.1/28/2015Perry Ave1532$294,2141,529 Sq.Ft.3/25/2025Petal Rd1832$303,2351,623 Sq.Ft.6/30/2022Petunia St21N/AN/AN/A10,019 Sq.Ft.5/10/2022Peyton Ave1832$338,2313,523 Sq.Ft.2/25/2025Picasso Ave4432$300,0241,546 Sq.Ft.9/16/2024Piedmont Ave3032$378,0362,309 Sq.Ft.7/22/2024Pigeon Ave1032$294,5561,456 Sq.Ft.11/19/2024Pike St932$325,4291,790 Sq.Ft.12/30/2022Pilgrim Ln1N/AN/AN/AN/AN/APindo Ct532$423,3334,966 Sq.Ft.12/22/2021Pineapple Ave2242$427,3182,043 Sq.Ft.5/9/2025Pine Creek Cir8432$326,1451,506 Sq.Ft.5/22/2025Pineda Ave942$421,8892,024 Sq.Ft.2/23/2024Pinehill Ct632$525,0002,237 Sq.Ft.9/14/2022Pinehurst Cir642$458,5002,755 Sq.Ft.9/27/2021Pine St1021$246,7501,232 Sq.Ft.12/18/2024Pinetree Ln832$520,6252,100 Sq.Ft.2/15/2023Pine Walk Ct2632$349,3461,958 Sq.Ft.7/26/2024Pinewood Dr12522$116,6202,833 Sq.Ft.6/2/2025Ping Pl1232$285,5831,478 Sq.Ft.12/14/2022Pinsapo Ave21N/AN/AN/AN/A6/3/2024Pintale St7N/AN/AN/AN/A9/6/2005Pinta Ter23N/AN/AN/A10,280 Sq.Ft.5/8/2025Pinto Ln1243$748,42935,359 Sq.Ft.2/2/2023Pinwherry St6542$407,2001,971 Sq.Ft.5/12/2025Pioneer Ave1132$293,00011,878 Sq.Ft.11/21/2024Pipewort Ct1342$383,6152,338 Sq.Ft.5/31/2024Pipit St932$411,5562,046 Sq.Ft.7/29/2024Pirate Ave1632$333,8333,126 Sq.Ft.7/3/2024Pixie St332$297,6671,496 Sq.Ft.4/6/2021Planet Ave1632$348,1881,834 Sq.Ft.3/31/2023Plantation Cir6543$637,2692,616 Sq.Ft.5/6/2025Plant Ave1832$317,1762,194 Sq.Ft.6/24/2022Planter Ridge Ct942$363,6671,982 Sq.Ft.9/23/2024Platt Ave2942$335,3333,746 Sq.Ft.5/23/2025Pleasant Ct1322$129,462936 Sq.Ft.4/15/2025Plumbago Rd2632$307,4292,537 Sq.Ft.4/7/2025Plume Way2532$396,8001,997 Sq.Ft.7/3/2024Pluto St2032$327,5832,394 Sq.Ft.6/2/2025Plymouth Ct1432$390,4292,085 Sq.Ft.3/18/2025Polaris Ave1432$321,0001,608 Sq.Ft.1/11/2024Polk St1332$290,0002,336 Sq.Ft.8/26/2024Pollak Ave1521$231,5452,022 Sq.Ft.4/17/2025Pomello Ave7432$361,9445,671 Sq.Ft.5/19/2025Pomonick Cir43N/AN/AN/A11,064 Sq.Ft.6/3/2024Pompano St18N/AN/AN/AN/A2/18/2005Ponder St18N/AN/AN/A10,019 Sq.Ft.6/24/2024Pony Trl3N/AN/A$727,000N/A8/12/2021Pope St3532$306,0941,585 Sq.Ft.1/23/2025Poplar St2332$316,7142,445 Sq.Ft.2/27/2025Porkchop Ln132$739,0001,848 Sq.Ft.6/4/2024Porter Ave1632$302,1432,264 Sq.Ft.9/4/2023Port Malabar Blvd25732$277,0622,940 Sq.Ft.5/27/2025Port Smith Ave942$372,0003,903 Sq.Ft.5/27/2022Port View Dr68N/AN/AN/AN/AN/APosen Ct732$273,1431,279 Sq.Ft.3/29/2024Pospisil Ave521$215,3331,080 Sq.Ft.5/1/2017Powell Rd332$510,3332,230 Sq.Ft.5/19/2003Prairie St4032$323,6192,526 Sq.Ft.3/15/2025Prelude St1632$343,5331,759 Sq.Ft.8/8/2022Price Ave1832$314,1111,643 Sq.Ft.8/30/2024Private Ln232$468,5003,181 Sq.Ft.2/24/2023Privet Ct832$312,0001,456 Sq.Ft.9/13/2024Prospect Cir3132$320,3451,701 Sq.Ft.5/12/2023Prum Ave1632$305,6001,547 Sq.Ft.3/21/2025Puddle Duck Ln332$550,0002,256 Sq.Ft.8/8/2018Pueblo St2532$305,1433,085 Sq.Ft.2/25/2025Pumpkin Pl1332$295,5381,401 Sq.Ft.1/19/2022Purslang St18N/AN/AN/A10,019 Sq.Ft.3/21/2022Pyracantha St5332$299,1352,265 Sq.Ft.12/11/2024Quail St3732$274,9701,664 Sq.Ft.4/11/2025Quaker St1832$315,6001,655 Sq.Ft.2/13/2025Quanah St732$327,4001,863 Sq.Ft.4/30/2025Quantico Ave1332$300,4003,468 Sq.Ft.7/11/2023Quarry Ave1032$314,8572,806 Sq.Ft.2/28/2024Quebec Ave27N/AN/AN/A10,019 Sq.Ft.5/19/2025Queens St2432$322,1252,816 Sq.Ft.7/12/2024Quentin Ave4932$327,2902,856 Sq.Ft.2/27/2025Quesada St2732$327,0002,452 Sq.Ft.4/30/2025Quimper Ave1632$299,3751,637 Sq.Ft.1/9/2024Quincy Ave4832$307,8213,018 Sq.Ft.5/30/2025Quinlin Ave1932$344,9093,518 Sq.Ft.1/13/2025Quinn St2132$293,4622,275 Sq.Ft.12/4/2024Rabbit St4132$342,0773,093 Sq.Ft.11/27/2024Race Ct1N/AN/A$394,0001,977 Sq.Ft.8/23/20191370 York CirMelbourne, FL 32904
Estimated Value $445,000
Living Area 1,760 SqFt
Beds 3
Baths 2
Year Built 1988
Property Type Single Family
Ownership Type Individual
APN 28-37-17-04-00001.0-0010.00
Subdivision Coventry Subdivision Phase 3
School District Brevard County School District
901 Sonesta Ave NE #108Palm Bay, FL 32905
Estimated Value $167,000
Living Area 644 SqFt
Beds 1
Baths 1
Year Built 1986
Property Type Condominium
Ownership Type Individual
APN 28-37-20-76-0000A.0-0002.83
Subdivision Port Malabar Country Club Unit 7 Pt Of S
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
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
1435 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
760 Riviera Dr NEPalm Bay, FL 32905
Estimated Value $332,000
Living Area 1,634 SqFt
Beds 3
Baths 2
Year Built 1996
Property Type Single Family
Ownership Type Multiple
APN 28-37-29-MQ-00100.0-0009.00
Subdivision Port Malabar Country Club Unit 10
School District Brevard County School District
3741 Joslin WayMelbourne, FL 32904
Estimated Value $354,000
Living Area 1,452 SqFt
Beds 3
Baths 2
Year Built 2010
Property Type Single Family
Ownership Type Individual
APN 28-37-17-52-00000.0-0236.00
Subdivision Manchester Lakes, Phase Three
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
1241 Olde Bailey LnMelbourne, FL 32904
Estimated Value $571,000
Living Area 3,222 SqFt
Beds 5
Baths 3
Year Built 2002
Property Type Single Family
Ownership Type Trust
APN 28-37-18-01-00000.0-0022.00
Subdivision Stratford Pointe Phase One
School District Brevard County School District
1191 Tamango DrMelbourne, FL 32904
Estimated Value $520,000
Living Area 2,112 SqFt
Beds 3
Baths 2
Year Built 2006
Property Type Single Family
Ownership Type Related
APN 28-37-17-29-00000.0-0029.00
Subdivision Tamarind Estates
School District Brevard County School District
750 Luminary Cir #103Melbourne, FL 32901
Estimated Value $291,000
Living Area 1,277 SqFt
Beds 3
Baths 2
Year Built 2004
Property Type Townhouse
Ownership Type Multiple
APN 28-37-21-25-0000A.0-0003.00
Subdivision Sonesta Walk
School District Brevard County School District
1261 Tamango DrMelbourne, FL 32904
Estimated Value $544,000
Living Area 2,184 SqFt
Beds 4
Baths 3
Year Built 2005
Property Type Single Family
Ownership Type Trust
APN 28-37-17-29-00000.0-0022.00
Subdivision Tamarind Estates
School District Brevard County School District
4794 Lake Waterford Way W #7-226Melbourne, FL 32901
Estimated Value $225,000
Living Area 1,525 SqFt
Beds 2
Baths 2
Year Built 1987
Property Type Condominium
Ownership Type Individual
APN 28-37-21-00-00039.P-0000.00
Subdivision The Gables Ii At Lake In The Woods
School District Brevard County School District
520 Martello WayMelbourne, FL 32901
Estimated Value $339,000
Living Area 1,612 SqFt
Beds 2
Baths 2
Year Built 2006
Property Type Single Family
Ownership Type Individual
APN 28-37-16-54-0000F.0-0018.00
Subdivision Alamanda Key Phase I
School District Brevard County School District
1395 Cromey Rd NEPalm Bay, FL 32905
Estimated Value $308,000
Living Area 1,650 SqFt
Beds 3
Baths 1.5
Year Built 1974
Property Type Single Family
Ownership Type Individual
APN 28-37-21-KY-00026.0-0002.00
Subdivision Port Malabar Country Club Unit 4
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