2025 Compare Cities Housing:
Palm Bay, FL vs Melbourne, FL

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Highlights
- The median age of a home in Palm Bay is 19.4% younger than the median age of a home in Melbourne.
 Palm Bay, FLMelbourne, FLUnited States
 Median Home Age31  Unlock42
 Median Home Cost  Unlock$348,100$338,100
 Home Appr. Last 12 months26.8%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock85.7%57.0%
 Home Appr. Last 10 yrs.211.6%  Unlock101.1%
 Property Tax Rate  Unlock$7.7$11.0
 Homes Owned71.0%  Unlock57.4%
 Housing Vacant  Unlock13.0%11.2%
 Homes Rented19.7%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Palm Bay, FLMelbourne, FLUnited States
 Average Rent  Unlock$1,940$1,840
 Studio Apartment$990  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,230$1,180
 2 Bedroom Home or Apartment$1,420  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$1,970$1,860
 4 Bedroom Home or Apartment$2,240  Unlock$2,160
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 Vacant Housing
 Palm Bay, FLMelbourne, FLUnited States
 Vacant For Rent  Unlock2.4%1.9%
 Vacant Rented0.4%  Unlock0.4%
 Vacant For Sale  Unlock0.5%0.7%
 Vacant Sold0.5%  Unlock0.4%
 Vacant Vacation  Unlock4.1%3.6%
 Vacant Other2.3%  Unlock4.1%
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 Owner-Occupied Housing Value
 Palm Bay, FLMelbourne, FLUnited States
 Less Than $20,000  Unlock3.1%2.6%
 $20,000 to $39,9990.8%  Unlock2.4%
 $40,000 to $59,999  Unlock2.0%2.8%
 $60,000 to $79,9992.8%  Unlock3.9%
 $80,000 to $99,999  Unlock3.5%4.5%
 $100,000 to $149,99915.3%  Unlock11.3%
 $150,000 to $199,999  Unlock21.3%13.0%
 $200,000 to $299,99931.5%  Unlock20.1%
 $300,000 to $399,999  Unlock10.0%13.6%
 $400,000 to $499,9991.5%  Unlock8.3%
 $500,000 to $749,999  Unlock4.1%9.7%
 $750,000 to $999,9990.5%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock0.4%2.2%
 $1,500,000 to $1,999,9990.0%  Unlock0.8%
 $2,000,000 and over  Unlock0.3%1.1%
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 Housing Units By Year Built
 Palm Bay, FLMelbourne, FLUnited States
 2015 and Newer0.2%  Unlock0.2%
 2010 to 2014  Unlock13.3%13.6%
 2000 to 200926.6%  Unlock13.6%
 1990 to 1999  Unlock16.9%13.6%
 1980 to 198933.6%  Unlock13.2%
 1970 to 1979  Unlock13.2%14.8%
 1960 to 196917.9%  Unlock13.6%
 1950 to 1959  Unlock8.5%10.0%
 1940 to 19490.3%  Unlock4.7%
 1939 or Earlier  Unlock1.1%12.2%
Reviews for Palm Bay    27 Reviews

I moved to Palm Bay in 2020 and the cost of living has skyrocketed! A two bedroom apartment was around $900/month in 2020. Now it's $1600 and up. Mostly up. A three  More

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My family of 4 have lived here in NW Palm Bay for over 10 years. My wife and my son from another marriage lived here for over 7 before that. I myself have lived here for  More

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I lived in Palm Bay for 12 years. It's a very unfriendly and crowded place to live. It's well into the 90's from late April till right around the 10th of November. The  More

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Reviews for Melbourne    28 Reviews

Over 4 years ago

Moved here from Ohio 3 months ago, trying not to be disappointed, there isn't much to do, its really small and shopping is bad. I wanted out of Cleveland but didn't  More

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I have lived in many areas of this town. It is growing and has a nice selection of older and very new areas. The access to beaches and parks is quick and well kept.   More

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The rating on here is accurate. Crime is rather high. There's shootings and killings constantly. If you're coming from another state, just check floridatoday.com at  More

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