The median home in Palm Bay, Florida is valued at $298,296, down 4.6% year over year. Typical monthly rent is $1,838, producing a price-to-rent ratio of 13.5x — below the national average of 18x. Palm Bay is part of the Palm Bay-Melbourne-Titusville, FL metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Palm Bay-Melbourne-Titusville, FL stress score, crash risk, and 12-month forecast →

Home Value$298,296

-4.6%

Rent$1,838/mo

AFFORDABILITY

Enter your income for Palm Bay.

Income (annual)

Down Payment

$59,659 on $298,296

Stretch — 33.2% of income

Above 28% but manageable with cuts.

PITI$2,072

P/I33.2%

Afford$252K

Gap-$46K

P&I $1,508Tax $214Ins $350

Renting $234/mo cheaper ($1,838 rent)6.50% 30yr, 20% down, county tax + FL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Florida

Compare Palm Bay with other housing markets across Florida.

Jupiter Island$9494K Golden Beach$7499K Fisher Island$6393K Lake Buena Vista$6088K Jupiter Inlet Colony$3619K Manalapan$3569K Golf$2871K Boca Grande$2635K

Full Palm Bay-Melbourne-Titusville, FL analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Palm Bay-Melbourne-Titusville, FL metro.

View Palm Bay-Melbourne-Titusville, FL metro →

PALM BAY, FL