2026 Affordability Data
Most Affordable Neighborhoods in Palm Bay - 2026 Data
The median home value in Palm Bay is $114,500, 59% below nat'l avg. Median rent is $1,327/month. With an affordability index of 176, Palm Bay is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Palm Bay, FL area.
Key Takeaways: Affordability in Palm Bay
- 1The most affordable neighborhood in Palm Bay is Sanford, with a median home value of $77,800.
- 2Palm Bay's median home value is $114,500, 59% below nat'l avg (national: $281,900).
- 3Palm Bay's affordability index is 176 (baseline 100), making it more affordable than the national average.
- 4Median rent in Palm Bay is $1,327/month, 14% above nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Palm Bay to find the most affordable areas based on home values, rent, and affordability index.
Palm Bay Affordability Overview
Median Home Value
$114,500
59% below nat'l avg
Median Rent
$1,327/mo
14% above nat'l avg
Median Income
$38,705
48% below nat'l avg
Affordability Index
176
76% above nat'l avg
Most Affordable Neighborhoods in Palm Bay (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | SanfordFL | $77,800 |
| 2 | AuburndaleFL | $229,400 |
| 3 | North Palm Beach villageFL | $418,100 |
| 4 | Haines CityFL | $222,100 |
| 5 | SeminoleFL | $279,000 |
| 6 | BartowFL | $195,200 |
| 7 | Belle GladeFL | $136,500 |
| 8 | SebringFL | $152,000 |
| 9 | LakelandFL | $207,800 |
| 10 | MinneolaFL | $348,700 |
| 11 | Holly HillFL | $155,600 |
| 12 | North LauderdaleFL | $234,300 |
| 13 | West ParkFL | $305,400 |
| 14 | Wellington villageFL | $492,300 |
| 15 | Lake WalesFL | $208,500 |
Detailed Neighborhood Profiles
Home Value: $77,800
Rent: $1,233/mo
Affordability: 258
Population: 1,397
Walk Score: 68/100
Home Value: $229,400
Rent: $776/mo
Affordability: 214
Population: 16,432
Home Value: $418,100
Rent: $776/mo
Affordability: 214
Population: 13,092
4
Home Value: $222,100
Rent: $776/mo
Affordability: 214
Population: 28,922
5
Home Value: $279,000
Rent: $776/mo
Affordability: 214
Population: 19,287
6
Home Value: $195,200
Rent: $776/mo
Affordability: 214
Population: 19,424
7
Home Value: $136,500
Rent: $776/mo
Affordability: 214
Population: 16,896
8
Home Value: $152,000
Rent: $776/mo
Affordability: 214
Population: 11,006
9
Home Value: $207,800
Rent: $776/mo
Affordability: 214
Population: 114,404
10
Home Value: $348,700
Rent: $776/mo
Affordability: 214
Population: 14,406
11
Home Value: $155,600
Rent: $776/mo
Affordability: 214
Population: 12,919
12
Home Value: $234,300
Rent: $776/mo
Affordability: 214
Population: 44,635
13
Home Value: $305,400
Rent: $776/mo
Affordability: 214
Population: 15,074
14
Home Value: $492,300
Rent: $776/mo
Affordability: 214
Population: 61,373
15
Home Value: $208,500
Rent: $776/mo
Affordability: 214
Population: 16,455
Frequently Asked Questions About Affordability in Palm Bay
What is the most affordable neighborhood in Palm Bay, FL?▾
Based on 2026 data, Sanford is the most affordable neighborhood in Palm Bay with a median home value of $77,800. Kurby analyzed 15 neighborhoods in the Palm Bay area to compile these rankings.
What is the median home price in Palm Bay, FL?▾
The median home price in Palm Bay is $114,500, which is 59% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Palm Bay affordable compared to the national average?▾
Palm Bay has an affordability index of 176, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Palm Bay, FL?▾
The median monthly rent in Palm Bay is $1,327. This is 14% above nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Palm Bay?▾
The median household income in Palm Bay is $38,705 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Palm Bay are below the national average home price?▾
11 out of 15 ranked neighborhoods in Palm Bay have a median home value below the national average of $281,900. The most affordable is Sanford at $77,800 (Source: Kurby, 2026).