Palm Bay, FL home prices
Typical home $342,339 · -0.5% in a year · income needed $94,600
The Palm Bay, FL metro area ranks 237 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -0.5% in a year and +15.7% over five years. With 20% down at 7.11%, the typical home costs about $2,208 a month including 0.68% property tax (Brevard County rate).
Mortgage on the typical Palm Bay home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $68,468 | $273,871 | $1,842 | $0 | $365 | $2,208 | $94,600 |
| 10% down | $34,234 | $308,105 | $2,073 | $128 | $365 | $2,566 | $110,000 |
| 5% down | $17,117 | $325,222 | $2,188 | $136 | $365 | $2,689 | $115,200 |
| 3.5% down (FHA) | $11,982 | $336,138 | $2,261 | $151 | $365 | $2,778 | $119,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.68% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Palm Bay area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Brevard County, FL | $342,346 | -0.5% | 0.68% |
What can you afford in Florida on your salary? · Florida home prices · Salaries in Florida
Frequently asked questions
How much is a house in Palm Bay?
The typical home in the Palm Bay, FL metro area is worth $342,339 (Zillow, September 2026).
What salary do you need to buy a house in Palm Bay?
About $94,600 a year for the typical home with 20% down at 7.11%.