Safe Rate Local
Learn about the people, housing, costs and businesses in Palm Bay, Florida
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Palm Bay.
True all-in cost — P&I, taxes, insurance & utilities for homes in Palm Bay.
Find and compare lenders active near Palm Bay.
FEMA flood zones and flood insurance estimates for Palm Bay.
Seismic risk and earthquake insurance estimates for Palm Bay.
Wildfire exposure and insurance estimates for Palm Bay.
As of today, the 30-year fixed mortgage rate for Palm Bay is approximately 6.927% (6.971% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for Palm BayThe median home value in Palm Bay is $276k. The median monthly rent is $1,739. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Palm Bay have increased 7.8% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $1,309/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $56k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palm Bay is $71k/year.
Calculate your buying powerThe largest employment sectors in Palm Bay are public administration (23%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.