Markets › FL › Melbourne / Palm Bay

Melbourne / Palm Bay, FL

Daily-refreshed real estate signals + Three-Opinion home-price methodology for Melbourne / Palm Bay, FL. Built for agents; free to read.

Melbourne / Palm Bay, FL’s median sale price is $306K as of Aug 2026 — -3.3% year over year. Pecan Street tracks Melbourne / Palm Bay with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), with no market signals flagged right now.

Headline

Median sale price

Aug 2026

$306K

-3.3% year-over-year

How it’s calculated

Rolling 3-month median sale price vs. same 3 months one year prior.

Mortgage rate

Sep 18, 2026

7.04%

30-year fixed

Where it comes from

National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.

The same rate appears on every market page.

Monthly payment

Principal & interest

$1,635/mo

$70K/yr income needed

How it’s calculated

Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.

Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.

How Melbourne / Palm Bay compares to other U.S. metros

Home-price growth	↓182nd of 195
Price-to-rent	↓174th of 195
Days on market	↑33rd of 194 (top 18%)
Price cuts	97th of 194 (top 50%)

Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.

Affordability

Price-to-rent ratio	≈ 11 -7.7% YoY ↓174th of 195
Asking price / sq ft	$223 -3.8% YoY

Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market pressure

Listings with a price cut	≈ 37% -4.2 pts YoY 97th of 194 (top 50%)
New housing units permitted	750

Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.

Market facts

ZIPs with listing data	12 shown of 27
MLS board of record	—
Price methodology	Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI
Data as of	Aug 2026

Recent signals

No signals flagged for this market right now.

Price reconciliation

red · 5.5pp

Redfin (city)

-3.3%

FHFA HPI · Q2 2026

+2.2%

Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.

More markets in FL

Daytona Beach Fort Myers / Cape Coral Jacksonville Lakeland Miami / Fort Lauderdale Naples Orlando Pensacola Sarasota / Bradenton Tampa / St. Petersburg

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ZIP-level data

ZIP	Median list price	Active listings	New listings	Price reductions	Days on market	Home value
32780	$315K↑	252↓	72↓	84↓	77↓	$276K↓
32904	$399K↓	147↓	52↓	72↓	68↑	$377K↓
32905	$265K↓	130↓	40↓	44↓	78↓	$235K↓
32907	$350K↑	289↑	100↑	92↓	67↑	$303K↓
32908	$367K↑	198↓	56↑	68↓	74↓	$318K↓
32909	$362K↑	389↓	120↑	136↓	70↓	$317K↓
32920	$340K↓	133↓	32↑	40↓	84↓	$316K↓
32931	$479K↓	194↓	32↓	48↓	99↓	$457K↓
32935	$279K↓	152↓	56↑	56↓	53↓	$268K↓
32937	$519K↓	165↓	64↓	60↓	74↓	$496K↑
32940	$495K↓	257↓	84↓	100↓	59↓	$493K↓
32955	$386K↓	165↓	60↓	80↓	64↓	$370K↑

ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.