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Foreclosure Homes in Palm Bay, FL

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Palm Bay, FL Foreclosures

How much do homes sell for in Palm Bay, FL?
The average home price is currently $294,305.
In Palm Bay, FL, how many homes are available?
There are currently 429 active home listings available in Palm Bay.
What’s the average rental cost in Palm Bay, FL?
The average rental price in Palm Bay is $1,320.
What is the most expensive home in Palm Bay?
The most expensive home sold in Palm Bay had a price of $6,457,550.
What is currently the cheapest priced home in Palm Bay, FL?
The cheapest home for sale in Palm Bay is priced at $10,380.

Living in Palm Bay, FL

Palm Bay, FL offers a unique blend of coastal living and suburban comfort. With plenty of outdoor activities, a growing economy, and a family-friendly atmosphere, it's an ideal place for individuals and families alike. This city is known for its extensive waterways and parks, making it a haven for nature lovers.

Current Market Conditions in Palm Bay, FL

The real estate market in Palm Bay has seen a steady increase in demand, with home prices climbing as more people discover the area's charm and amenities. Investors are taking notice of the market's potential, especially with ongoing developments aiming to boost local infrastructure and services. Palm Bay is becoming increasingly attractive to first-time homebuyers and investors alike.

Home Value Estimator For Palm Bay, FL

There are currently 43,826 real estate properties in Palm Bay, FL, with a median automated valuation model (AVM) price of $285,866.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palm Bay, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palm Bay, FL, is $294,305.00, with the most expensive house in Palm Bay, FL, topping out at $6,457,550.00 and the cheapest home in Palm Bay, FL, clocking in at $10,380.00. In other words, there’s something for every potential homebuyer or savvy investor in Palm Bay, FL!

Rent Prices In Palm Bay, FL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palm Bay, FL, is on a rollercoaster ride. The average rent price in Palm Bay, FL, is $1,320.00. Indeed, when looking to rent in Palm Bay, FL, you can expect to pay as little as $570.00 or as much as $4,200.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Palm Bay, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Palm Bay, FL Foreclosures

Market Trend for Palm Bay, FL

Total Listings Available: 429

Market Values:

Home Prices from $10,380 to $6,457,550

Average Sales Price: $294,305

Rental Values:

Rental from $570 to $4,200

Average Rent Value: $1,320 / month

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