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
Wishing Well Cir11142$361,1682,142 Sq.Ft.4/15/2025Wistar Ct732$301,1431,527 Sq.Ft.8/15/2023Wisteria Ave2232$354,4001,958 Sq.Ft.2/18/2025Wixon Ter10N/AN/AN/AN/A1/20/2021Wood Ct1122$127,0001,032 Sq.Ft.7/29/2024Woodlake Dr2N/AN/AN/A199,585 Sq.Ft.N/AWoodlawn Cir1332$259,2311,186 Sq.Ft.7/15/2022Woodstock Dr85N/AN/AN/A11,064 Sq.Ft.12/23/2024Worrell Pl132$211,0001,272 Sq.Ft.7/2/2012Worth Ct1232$617,7272,089 Sq.Ft.3/31/2023Wren St12N/AN/AN/A10,019 Sq.Ft.2/22/2011Wright Ave2332$336,8332,935 Sq.Ft.4/30/2025Wycliff Ave10N/AN/AN/AN/A2/25/2025Wye River Rd221$336,0006,584 Sq.Ft.1/25/2018Wyoming Dr10832$307,9323,774 Sq.Ft.4/29/2025Xavier Ave1732$323,0001,668 Sq.Ft.5/30/2025Yacolt Rd1232$289,5714,629 Sq.Ft.2/11/2025Yager Rd1532$282,3004,948 Sq.Ft.4/30/2024Yahner St1732$282,6001,873 Sq.Ft.12/4/2024Yakutat Ave2332$282,9233,504 Sq.Ft.10/15/2024Yale Ave1432$294,2001,435 Sq.Ft.11/8/2024Yalta St1032$272,7001,365 Sq.Ft.3/5/2021Yamada St1932$286,4671,380 Sq.Ft.3/20/2025Yardley St1942$332,6007,133 Sq.Ft.5/19/2025Yellowstone Ave2432$299,3331,581 Sq.Ft.2/3/2025Yellowtail St14N/AN/A$297,00010,019 Sq.Ft.7/22/2024Yellow Wood Ct1843$690,0634,255 Sq.Ft.7/22/2022Young Ave1432$307,8571,605 Sq.Ft.12/29/2023Youth Ct6N/AN/AN/AN/A3/20/2024Youtzy St1932$309,7502,766 Sq.Ft.5/2/2024Yucca St14N/AN/AN/A10,019 Sq.Ft.3/21/2022Yukon St1732$302,0001,748 Sq.Ft.5/16/2025Yuma St1142$333,1673,008 Sq.Ft.1/17/2025Zaffer St2432$305,3041,979 Sq.Ft.6/3/2025Zambrana St2732$276,6361,451 Sq.Ft.3/19/2025Zaminder St3432$303,0631,613 Sq.Ft.2/24/2025Zamora St3732$285,9691,781 Sq.Ft.2/27/2025Zander Ave742$329,0004,417 Sq.Ft.10/24/2024Zanzibar Rd3332$297,4141,712 Sq.Ft.4/9/2025Zen Way1N/AN/AN/AN/A1/13/2023Zinnia Ter21N/AN/AN/A10,454 Sq.Ft.2/21/20251198 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
1464 Dowse Ct NEPalm Bay, FL 32905
Estimated Value $299,000
Living Area 1,751 SqFt
Beds 3
Baths 2
Year Built 1974
Property Type Single Family
Ownership Type Individual
APN 28-37-21-KY-00048.0-0015.00
Subdivision Port Malabar Country Club Unit 4
School District Brevard County School District
1295 Coventry CirMelbourne, FL 32904
Estimated Value $416,000
Living Area 1,662 SqFt
Beds 3
Baths 2
Year Built 1987
Property Type Single Family
Ownership Type Related
APN 28-37-17-03-00002.0-0016.00
Subdivision Coventry Subdivision Phase 2
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
1499 Sumac Ct NEPalm Bay, FL 32905
Estimated Value $269,000
Living Area 1,398 SqFt
Beds 3
Baths 2
Year Built 1974
Property Type Single Family
Ownership Type Related
APN 28-37-21-KY-00048.0-0010.00
Subdivision Port Malabar Country Club Unit 4
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
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
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
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
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
4640 Lake Waterford Way #4Melbourne, FL 32901
Estimated Value $230,000
Living Area 1,915 SqFt
Beds 3
Baths 3
Year Built 1986
Property Type Condominium
Ownership Type Individual
APN 28-37-21-00-00031.L-0000.00
Subdivision The Gables At Lake In The Woods Phase 1
School District Brevard County School District
4570 Radiant Way #UNMelbourne, FL 32901
Estimated Value $294,000
Living Area 1,277 SqFt
Beds 3
Baths 2
Year Built 2008
Property Type Townhouse
Ownership Type Individual
APN 28-37-21-26-0000C.0-0016.00
Subdivision Sonesta Walk Phase Two
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
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
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
1231 Bard Ln NEPalm Bay, FL 32905
Estimated Value $211,000
Living Area 1,176 SqFt
Beds 2
Baths 2
Year Built 1979
Property Type Single Family
Ownership Type Related
APN 28-37-20-LR-00061.0-0004.00
Subdivision Port Malabar Country Club Unit 6
School District Brevard County School District