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Fixer Upper 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 438 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, Florida, is an expanding city on the Space Coast with a diverse population and a range of amenities. Known for its outdoor recreational options, schooling, and a strong community feel, Palm Bay is perfect for families and individuals who appreciate both nature and city life. With new developments and growing market trends, it offers a variety of opportunities for homebuyers.

Current Market Conditions in Palm Bay, FL

The real estate market in Palm Bay remains robust, with steady demand driven by its attractive lifestyle and amenities. Recent months have seen an influx of new residents, particularly from the northern states, drawn to the area's warmer climate and favorable living conditions. This increased demand has led to a variety of new construction projects and revitalization efforts throughout the city.

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 Fixer Upper Homes

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