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Palm Bay city, FL

ZIP 32909 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 32909

Median Home Value
$261,400
Median Rent
$1,350
Affordability Snapshot
$72,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,679/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.4x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

16.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 32909 in Palm Bay city, FL, a household would need roughly $72,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,679. That is roughly in line with the local median household income ($76,708). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
83.3%+27% vs US avg
x
Vacancy Rate
7.3%-29% vs US avg
x
Broadband Access
92.3%+6% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
4.2%-39% vs US avg
x
Rent Burden >30%
34.5%-31% vs US avg
x
Mortgage-Free
35.5%-7% vs US avg
x
$261,400
Home Value
$1,350
Rent
2001
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached93.0%
  • 1-unit attached0.5%
  • 2-9 units3.5%
  • 10+ units2.1%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$261,400
Median rent$1,350
Owner-occupied83.3%
Vacant7.3%
Price-to-income3.4x
Est. income to buy$72,000