Palm Bay, FL 32909 - Real Estate Investment Insights & Performance Data

Welcome to our 32909 real estate data hub, tailored for investors in Palm Bay, FL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 32909 in Palm Bay, FL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in BREVARD COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Palm Bay, FL real estate investing. Uncover the wealth of information available, and position yourself for success in the Palm Bay property market.

• Location Overview

  • Zip Code: 32909
  • City: Palm Bay
  • State: FL
  • Metro Area: Palm Bay-Melbourne-Titusville, FL
  • County Name: BREVARD COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $320,497
  • Average Home Price (Single Family Homes): $320,608
  • Average Monthly Rental Price (All Types): $1,953
  • Price-to-Rent Ratio: 14
  • Zillow Projected % appreciation from 4/2023-4/2024: 1.5%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,370
  • Average 3 Bedroom Section 8 Rental Rates: $1,830
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 19.49
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.59
  • Number of Units Offered in Section 8 in the County: 2442
  • Number of Occupied Units in Section 8 in the County: 2279
  • Percentage of Section 8 Units Occupied in the County: 93.30000305%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 342.41
  • Total % Appreciation since 2000 (Government Data): 252.66
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.69%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 4.86%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 47.31%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 64.39%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 215.03%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 75.18%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 161.36%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.88%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 7.71%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 49.08%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 65.98%