Area data
Palm bay, FL — ZIP 32907
Population: 49,080 (Census ACS)
The median home value in ZIP 32907 (Palm bay, FL) is $304,197 — down 2.2% over the past year. Homes sell for a median $325,000 after a median 75 days on market. Typical rent runs $2,139/month. 6 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with hurricane, lightning, inlandflooding the top-rated hazards. Cost of living is 1.0% above the US average (BEA, metro/state-level).
$304,197
Median home value
-2.2%
1-year change
75
Median days on market
Relatively High
Hazard risk (county)
Home values & appreciation
- Median home value
- $304,197
- 1-year appreciation
- -2.2%
- 3-year appreciation
- -6.8%
- 5-year appreciation
- +17.4%
- 10-year appreciation
- +96.5%
- All-time peak (2022-09)
- $336,741
- House Price Index (state)
- 542.2 (-2.6% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $325,000
- Median list price
- $340,900
- Median price per sqft
- $182
- 1-year sale-price change
- -1.5%
- Median days on market
- 75 days
- Homes sold (recent period)
- 218
- For-sale inventory
- 291
- Sale-to-list ratio
- 97.8%
- Active listings
- 323
- 1-year forecast
- -0.2%
- Days to pending
- 67 days
- New listings (monthly)
- 79
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $2,139/mo
- 1-year rent change
- +4.3%
- Studio fair-market rent
- $1,430/mo
- 1BR fair-market rent
- $1,670/mo
- 2BR fair-market rent
- $1,930/mo
- 3BR fair-market rent
- $2,630/mo
- 4BR fair-market rent
- $2,990/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (Above Average)
- 101.0 (100 = US avg)
- Electricity rate (state-level)
- 15.2¢/kWh
- Natural gas rate (state-level)
- $25.50/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 6
- Elementary schools
- 4
- Middle schools
- 0
- High schools
- 1
- Charter schools
- 1
- Schools include
- PORT MALABAR ELEMENTARY SCHOOL, LOCKMAR ELEMENTARY SCHOOL, CHRISTA MCAULIFFE ELEMENTARY SCHOOL, DISCOVERY ELEMENTARY SCHOOL, HERITAGE HIGH SCHOOL
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively High
- Top hazards (county)
- hurricane, lightning, inlandFlooding, strongWind, tornado
- Notable hazard ratings (county)
- coastalFlooding: Relatively Moderate · coldWave: Relatively Low · drought: Relatively Low · hail: Relatively Low · heatWave: Relatively Moderate · hurricane: Very High
- FEMA flood zone
- X
- Flood risk level
- Minimal
- Wildfire risk to homes (county)
- Higher than 98% of US counties
- Buildings in wildfire direct-exposure zone
- 24.1%
- Radon potential (county)
- Low radon potential — EPA Zone 3 of 3
- EPA Superfund (NPL) sites within 5 mi
- 1
- Nearest Superfund site
- Harris Corp. (Palm Bay Plant) (4.9 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Annual precipitation
- 54.0 in
- USDA plant hardiness zone
- 10a (extreme annual low 30 to 35°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 43
- Days with Good air quality
- 279
- Days with Moderate air quality
- 85
- Highest AQI recorded (year)
- 130
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 12.8 / 20
- Transit service frequency
- 628
- Jobs reachable by car (30 min)
- 17,602
- Jobs reachable by transit (45 min)
- 20,014
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- National parks within ~60 mi
- 1
- Nearest national park
- Canaveral National Seashore (53 mi)
- Airports within 30 mi
- 16
- Nearest airport
- Melbourne Orlando International Airport (MLB) (6 mi)
- Nearest major airport
- Melbourne Orlando International Airport (MLB) (6 mi)
- Hospitals nearby (~15 mi)
- 1
- Hospitals include
- PALM BAY HOSPITAL
- Avg hospital rating (CMS)
- 4.0 / 5
- Best hospital rating nearby (CMS)
- 4.0 / 5
- EV charging stations (within 10 mi)
- 72
- Solar radiation rating
- Good (4.9 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- +6,872 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,992
- Housing built before 1970
- 1.4%
- Housing built 2000 or later
- 33.2%
- Median annual property tax
- $1,654
- Mean commute to work
- 25 min
- Households with broadband internet
- 81.0%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 210,348
- Average weekly wage
- $1,250
- Top industries (by employment)
- Health Care, Accommodation & Food, Professional Services
- Annual residential building permits (county)
- 3,754
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 32907 | State median | US median | |
|---|---|---|---|
| Median home value | $304,197 | $346,549 | $289,727 |
| Median sale price | $325,000 | $359,990 | $325,000 |
| Median days on market | 75 days | 72 days | 51 days |
| Typical rent | $2,139/mo | $2,095/mo | $1,808/mo |
| Median annual property tax | $1,654 | $2,388 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 32907?
- $304,197.
- What is the median sale price in ZIP 32907?
- $325,000.
- How long do homes take to sell in ZIP 32907?
- Median days on market: 75 days.
- What is typical rent in ZIP 32907?
- Typical rent: $2,139/month.
- What is the natural-hazard risk in ZIP 32907?
- Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: hurricane, lightning, inlandFlooding, strongWind, tornado.
- Is ZIP 32907 in a flood zone?
- Minimal (FEMA NFIP). FEMA flood zone X.
- What is the wildfire risk in ZIP 32907?
- Risk to homes is higher than 98% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 32907?
- Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 32907?
- 1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: Harris Corp. (Palm Bay Plant), 4.9 mi.
- How many schools serve ZIP 32907?
- 6 schools (4 elementary, 1 high) (NCES, 2022-23).
- Is ZIP 32907 walkable?
- Walkability index: 12.8/20 (EPA Smart Location Database).
- What is the air quality in ZIP 32907?
- Good. Median AQI: 43. (EPA AQI).
- What is the cost of living in ZIP 32907?
- Regional Price Parity: 101.0 (100 = US average) (Above Average) (BEA RPP, metro/state-level).
Nearby ZIP codes
Selling a home in Palm bay, FL?
REAIGENT7 gives every listing its own AI assistant grounded in this same public data — it answers buyer questions about the home and the area, around the clock, and sends every lead to the listing agent. Agents: it installs on your listing page, your website, or WordPress.
Data last updated
Most recent source refresh: Sep 2026. See all data sources →