Palm Bay Real Estate Statistics
| Average Price | $391K |
|---|---|
| Lowest Price | $300K |
| Highest Price | $2.5M |
| Total Listings | 1,859 |
| Avg. Days On Market | 93 |
| Avg. Price/SQFT | $205 |
Property Types (active listings)
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Introduction to Palm Bay
Palm Bay, Florida is located in Brevard County and its mostly known for its expansive nature preserves. The city's layout incorporates a wide range of residential areas, each offering distinct characteristics and amenities. From the neighborhoods located along the Turkey Creek Sanctuary to the busier, more urban areas in the city center, Palm Bay can provide an accommodating and fulfilling lifestyle for just about anyone looking for a new home in Florida. Palm Bay is also located along the Space Coast, which further enhances its appeal if that's what you're looking for.
As one of the largest cities in the region, Palm Bay is characterized by its vast, open spaces that encourage outdoor recreation and having a closer connection to nature. The city's numerous parks, such as the Fred Poppe Regional Park and the Stick Marsh for fishing enthusiasts, provide more than enough opportunities to help encourage an active lifestyle. Additionally, you'll find easy access to the Indian River Lagoon with more opportunities to engage in watersports and to watch local wildlife.
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Real Estate in Palm Bay
You'll find a decent selection of homes for sale in Palm Bay. Potential homeowners can find everything from affordable starter homes to more luxurious waterfront properties, which are occasionally for sale. The residential architecture reflects a blend of traditional Floridian styles with modern innovations. For those interested in newer developments, the Southern sections of the city are experiencing growth with new communities that offer something a bit newer.
The homes in Palm Bay vary in size and design, providing housing options for just about anyone, regardless of their circumstances and life stage. Some properties feature large yards, which are perfect for gardening and outdoor friends and family activities. The city's real estate also benefits from Florida's homestead exemption offering significant tax advantages to permanent residents - which is also an interesting facet to the real estate market here.
Things to do Near Palm Bay
As mentioned above, Palm Bay is a great place for outdoor enthusiasts to live. The Turkey Creek Sanctuary is a standout, offering a nature center, hiking trails, and canoeing opportunities through native Floridian habitat. For those interested in watersports, the Palm Bay Marina provides access to the Indian River. The city also features several sports complexes and community centers that offer programs for all ages, which makes staying active that much easier.
Additionally, you'll also find some fascinating things to do along the Space Coast. The area is ripe with aerospace educational opportunities and viewing sites for rocket launches. For shopping and dining, the nearby Hammock Landing shopping center offers a variety of shops, restaurants, and a movie theatre. Seasonal events like the Palm Bay Fair and the Independence Day celebration also bring the community together for some socializing and family fun.
FAQs About Palm Bay
What is the crime rate like in Palm Bay?
A: Palm Bay is known for having a relatively low crime rate compared to other cities of a similar size. The local police department is quite active in community engagement and preventative measures, which certainly helps.
How walkable is Palm Bay?
A: While Palm Bay has numerous parks and natural areas, the city is spread out, making car travel necessary for most errands. However, efforts are being made to enhance pedestrian and bike paths to improve accessibility - however, for now, it's probably still best to assume you'd need to own a car to live here.
What healthcare facilities are available in Palm Bay?
A: Palm Bay has several healthcare facilities, including the Palm Bay Hospital, which offers a wide range of medical services. Of course, you'll also find a decent selection of private and specialist offices throughout the area, as well.
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