Median real estate price in the City Center of Palm Bay is $109,803, which is less expensive than 87.2% of Florida neighborhoods and 77.9% of all U.S. neighborhoods.
The average rental price in Palm Bay City Center is currently $952, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 87.1% of Florida neighborhoods.
Palm Bay City Center is a suburban neighborhood (based on population density) located in Palm Bay, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Real estate in the City Center of Palm Bay, FL is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Palm Bay City Center. The current real estate vacancy rate here is 24.8%. This is higher than the rate of vacancies in 90.8% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.