Home prices are rising and today’s mortgage holders are reaping the rewards. A reward of nearly $457 billion collectively, to be exact.According to Corelogic’s 2019 3rd Quarter Homeowner
What Is It Like To Live In Palm Bay, FL?
Palm Bay is a city in Melbourne, Florida with 103,190 residents as of 2010, making it the most heavily populated city in the county. Palm Bay, along with Melbourne and Titusville, is part of a large and complex interconnected string of barrier islands, coastal communities and beautiful beaches. Collectively known as the “Space Coast,” this area is well known for the John F. Kennedy Space Center and Cape Canaveral, both of which add considerable economic opportunities to the area.
In proof of the great opportunities offered in Palm Bay, the population has grown by an incredible 72.26% since 2000. Some of the biggest pros to moving here include climate, cost of living and endless access to water recreation sports.
The Weather In Palm Bay
The weather in Palm Bay is typical to most southern cities. We have hot and humid summers and very mild winters. In fall and winter temperatures typically range around the high 60s up to the mid 70s, albeit some days can reach into the 80s. January and February are the coldest months of the year with temperatures typically in the 50s, but they can dip lower on certain days due to cold fronts.
The area gets an annual average of 50 inches of rain, largely due to afternoon rain showers. Palm Bay is prone to hurricanes and large storms during hurricane season, but by the time hurricanes hit Brevard they often decrease in strength and are not as severe.
Is Palm Bay Family Friendly Compared To Melbourne and Titusville?
Compared to neighboring areas of Titusville and Melbourne, Palm Bay is the most populous and some even go so far as to describe it as the most family friendly too. Titusville is home to the number one high school in Brevard, but Palm Bay has a number of good schools too.
Melbourne and Palm Bay overlap, as do the family-friendly neighborhoods of Viera and Suntree, which are located within close proximity to shopping, the Brevard Zoo and more.
The safest areas of Palm Bay for families include Southeast or Southwest Palm Bay. The northern parts of Palm Bay tend to have higher crime rates.
Public Schools In Palm Bay
Palm Bay public schools operate under the Brevard County Public School district, which is based out of neighboring Viera. There are over 70,00 students enrolled in the nearly 100 schools that make up the district. There are 16 high schools and two year-round schools. There are plenty of colleges and universities in and around the area as well.
Palm Bay Demographics
As of 2010, 34% of households had children under 18 living at home. 55% were married and living together, and 12.2% were female-headed households with no husband present. 28.2% were non-families, and 21.8% of homes had just one occupant. 8.3% of homes had someone over the age of 65 living there alone.
The average household had 2.60 people living in it, with the average family size around 3.03 persons.
As of 2000, 26.5% of the population was under the age of 18. 7.5% were between 18 and 24. 29.6% were between 25 and 44. 21.5% were between 45 and 65 years old, and 14.7% of the population was 65 and older.
51% of the population was married. If you’re single and looking, you might be interested to know there are around 100 females to every 91.4 males over 18 years old.
72% of the population identified as white or Caucasian, including white Hispanic. Non-Hispanic White/Caucasian made up 63.9% of the population, which broke down to 17% African American, 14.1% Hispanic or Latino, 1.8% Asian, 0.5% Native American, 0.1% Pacific Islander or Native Hawaiian, 3.6% multicultural (2 or more races), with other races making up 3.2%.
Is It Cheap To Live In Palm Bay?
The cost of living in Palm Bay is 8.70% lower than the US average.
Job Opportunities in Palm Bay
There are a lot of job opportunities in the Palm Bay area. Thanks to NASA’s history on the Space Coast, there are a number of high tech firms in the immediate area.
There are also a number of well-known corporations in Palm Bay. The Harris Corporation has 4,000 employees on its payroll. Other popular employers include DRS Technologies, Intersil and Palm Bay Hospital.
The average commute time to work is 24.44 minutes.
If you travel a lot for work, you’ll be pleased to know the Melbourne International Airport and the Orlando International Airport are both in close proximity to Palm Bay.
Beautiful Waterfront Palm Bay Homes At Affordable Prices
Living in Palm Bay is a feat of luxury, but the price tag on the average home is surprisingly affordable. The median home price in Palm Bay is $134,400. There are homes at every price point, from well below $200,000 to over $1 million. No matter your budget, there is something exquisite here for you.
We’d Love To Help You Find Your Ideal Home In Palm Bay
Let us help you find your dream home in Palm Bay! There are so many different areas of Palm Bay to choose from and so it’s easy to overlook some of your best options. That’s where a knowledgeable local real estate agent comes in handy.
At Curri Properties, we not only operate as your agent, but we strive to form much deeper and beneficial relationships with our clients. Want to know where the best restaurants in town are? Need to find the best educational opportunities for a special needs child? We stop at nothing to satisfy all of your needs and more. Contact us today to get started on your Palm Bay home search.