Palm Bay-Melbourne-Titusville
Florida · Ranked #190 of 373 metros
75Affordable
💡
Housing in Palm Bay-Melbourne-Titusville costs 4.54× the median income, above the national average of 4.5×. The median home price is $357K and median rent is $1,648/month. Palm Bay-Melbourne-Titusville ranks #190 of 373 metros for affordability.
Median Home Price
🏠$357K
Need $105K income
Median Rent
🔑$1,648
Need $66K income
Building Permits
🔨4,603
annual
Median Income
💰$79K
Pop: 654,400
Rent Burden
⚠️32.8%
of renters paying >30%
Homeownership
🏡77.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Palm Bay-Melbourne-Titusville | National |
|---|---|---|
| Price-to-Income Ratio | 4.54x | 6.1x |
| Rent Burden | 32.8% | 31.5% |
| Homeownership Rate | 77.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,266/mo
1 Bedroom$1,478/mo
2 Bedroom$1,709/mo
3 Bedroom$2,330/mo
4 Bedroom$2,645/mo
Zillow Market Data
Home Value (ZHVI)
$338K
1yr: -3.5%5yr: +31.2%
Rent (ZORI)
$1,887/mo
1yr: +1.0%5yr: +34.4%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$354K
Active Inventory
4,317
Days on Market
82
Sold Above List
10.4%
Price Drops
27.8%