Palm Bay, Florida

America's 15th Fastest Growing City (Forbes 2014)

Palm Bay is a larger medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 114,194 people and 14 constituent neighborhoods, Palm Bay is the 19th largest community in Florida.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Palm Bay is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Palm Bay is a city of sales and office workers, service providers, and professionals. There are especially a lot of people living in Palm Bay who work in an office and administrative support (14.13%), sales jobs (10.31%), and food service (8.04%).

Also of interest is that Palm Bay has more people living here who work in computers and math than 95% of the places in the US.

One of the nice things about Palm Bay is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.

The education level of Palm Bay citizens, measured as those with bachelor's degrees or advanced degrees, is similar to the national average for all American cities and towns. 18.73% of adults 25 and older in Palm Bay have a college degree.

The per capita income in Palm Bay in 2010 was $22,342, which is lower middle income relative to Florida and the nation. This equates to an annual income of $89,368 for a family of four. However, Palm Bay contains both very wealthy and poor people as well.

Palm Bay is an extremely ethnically-diverse city. The people who call Palm Bay home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palm Bay residents report their race to be White, followed by Black or African-American. Palm Bay also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 15.98% of the city’s residents. Important ancestries of people in Palm Bay include German, Irish, English, Italian, and Jamaican.

The most common language spoken in Palm Bay is English. Other important languages spoken here include Spanish and French.

alm Bay Profile

Palm Bay is a larger medium-sized coastal city (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 107,888 people and 14 constituent neighborhoods, Palm Bay is the 19th largest community in Florida.

Unlike some cities, Palm Bay isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Palm Bay are a mix of both white- and blue-collar jobs. Overall, Palm Bay is a city of sales and office workers, service providers, and professionals. There are especially a lot of people living in Palm Bay who work in office and administrative support (14.08%), sales jobs (13.72%), and food service (7.06%).

Also of interest is that Palm Bay has more people living here who work in computers and math than 95% of the places in the US.

Palm Bay is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.

The percentage of adults in Palm Bay who are college-educated is close to the national average for all communities of 21.84%: 17.88% of the adults in Palm Bay have a bachelor's degree or advanced degree.

The per capita income in Palm Bay in 2010 was $20,627, which is lower middle income relative to Florida and the nation. This equates to an annual income of $82,508 for a family of four. However, Palm Bay contains both very wealthy and poor people as well.

Palm Bay is an extremely ethnically-diverse city. The people who call Palm Bay home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Palm Bay residents report their race to be White, followed by Black or African-American. Palm Bay also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 14.85% of the city’s residents. Important ancestries of people in Palm Bay include Irish, English, Italian, and Jamaican.

The most common language spoken in Palm Bay is English. Other important languages spoken here include Spanish and French Creole.

 

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Palm Bay APPRECIATION RATE

TIME PERIOD TOTAL APPRECIATION AVG. ANNUAL RATE COMPARED TO State* COMPARED TO AMERICA*
Latest Quarter:
2021 Q3-2021 Q4
0.00% 0.00%
Last 12 Months:
2020 Q4-2021 Q4
0.00% 0.00%
Last 2 Years:
2019 Q4-2021 Q4
0.00% 0.00%
Last 5 Years:
2016 Q4-2021 Q4
0.00% 0.00%
Last 10 Years:
2011 Q4-2021 Q4
0.00% 0.00%
Since 2000: Q1-2021 Q4 0.00% 0.00%
*10 is the highest


RENT & OWNERSHIP

HOME OWNERSHIP RATE


Check Back Often for New Investment Opportunities!

Download Your FREE Copy Now!

Real estate is the most powerful way to accumulate wealth, and more people have become millionaires through real estate than any other means.

This guide has been written in an effort to help educate all real estate investors regardless of their experience.

Dedicated to all investors who want the very best deals!

The advantages of income-generating real estate.
How to analyze properties, cash-flow and returns.
How to choose the best markets and neighborhoods.