Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$342,339−0.5% YoY · prices are flat
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 23% have cut their price
Income needed to buy, per year$74,212About 0.9× the local median income ($78,154): affordable for a typical household
Days on market69 daysFaster than a year ago: sellers have the edge
Next 12 months−0.7%Zillow expects prices to dip slightly
The typical home in Palm Bay-Melbourne-Titusville, FL is worth $342,339, down 0.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $315,053, so the area is 8.7% overvalued. It is a balanced market, leaning toward buyers: homes take about 69 days to sell, listings are down 12% from a year ago, 23% of listings have had a price cut. Zillow expects prices to fall about 0.7% over the next year. A household needs about $74,212 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,154. Typical rent is $1,887 a month, or $2,232 for a house. In the latest IRS figures, 10,298 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$342,339
Change in 1 year
−0.5%
Overvalued %
+8.7%
Show 7 more
Fair home value
$315,053
Change in 5 years
+15.7%
Zillow forecast, next 12 months
−0.7%
Home value to income
4.4×
Monthly mortgage payment (20% down)
$1,855
Income needed to afford it
$74,212
Property tax rate
0.68%
Rent and investing
Typical rent
$1,887
Typical rent for houses
$2,232
Price-to-rent ratio
15.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,779
Gross rental yield
6.61%
Cap rate (estimate)
4.30%
Market activity
Listings vs a year ago
−12.4%
Days on market
69
Listings with a price cut
22.9%
Show 3 more
Homes for sale
3,584
Pending sales per 100 listings
33
Asking price per sq ft
$221
People and jobs
Median household income
$78,154
Population change (1 year)
+1.2%
Unemployment rate
4.8%
Show 4 more
Population
663,982
Income adjusted for cost of living
$78,154
Net moves in (IRS)
+10,298
Cost of living (US = 100)
100.0
Schools, risk and environment
School rating (1 to 10)
6.5
FEMA hazard risk score (0 to 100)
98.4
Unhealthy air days a year
0
Show 4 more
Flood risk score
95.0
Wildfire risk score
97.2
Walkability (1 to 20)
9.7
Road, rail and air noise
54 dB
Questions people ask
Is Palm Bay-Melbourne-Titusville, FL overvalued?
Home prices in Palm Bay-Melbourne-Titusville, FL are slightly above what local incomes have historically supported: fair value is about $315,053, so the area is 8.7% overvalued.
Is Palm Bay-Melbourne-Titusville, FL a buyer's or seller's market?
Palm Bay-Melbourne-Titusville, FL is a balanced market, leaning toward buyers: homes take about 69 days to sell, listings are down 12% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Palm Bay-Melbourne-Titusville, FL?
Home values in Palm Bay-Melbourne-Titusville, FL are down 0.5% over the last year. Zillow's forecast for the next 12 months is −0.7%.
How much do you need to earn to buy a home in Palm Bay-Melbourne-Titusville, FL?
A household needs about $74,212 a year to afford the typical home in Palm Bay-Melbourne-Titusville, FL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,154.