HomeFloridaBrevard CountyPalm Bay
Palm Bay, Florida: commercial real estate data.
Palm Bay is a Census city of 130,132 people across 86.67 square miles of land, in Brevard County. Median household income is $72,614, 79.7 percent of occupied homes are owned, and the SBA record carries 94 7(a) approvals to borrowers here worth $36.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Palm Bay
What Palm Bay is
- Census place typecity
- Land area86.67 sq mi
- Water area1.48 sq mi
- Population per square mile of land1,501
- County holding the largest share of its areaBrevard County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palm Bay
How many people live in Palm Bay
- Population130,132
- Median age41.0
- Population under 1828,806
- Share under 1822.1 percent
- Population 65 and over24,719
- Share 65 and over19.0 percent
- Households45,850
- Family households32,172
- Share of households that are families70.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palm Bay
Income and work in Palm Bay
- Median household income$72,614
- Per capita income$34,813
- Civilian labor force62,721
- Employed58,913
- Unemployed3,808
- Unemployment rate6.1 percent
- Adults 25 and over92,033
- Adults 25 and over with a high school diploma or higher91.0 percent
- Adults 25 and over with a bachelor degree or higher24.0 percent
- Adults 25 and over with a graduate degree9.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palm Bay
Housing in Palm Bay
- Housing units50,147
- Occupied units45,850
- Vacant units4,297
- Vacancy rate8.6 percent
- Owner occupied36,555
- Renter occupied9,295
- Ownership rate79.7 percent
- Median owner-occupied home value$283,200
- Median gross rent, monthly$1,601
- Annual rent as a share of median income26.5 percent
- Single family units42,834
- Share single family85.4 percent
- Units in buildings of two or more5,643
- Share in buildings of two or more11.3 percent
- Mobile homes1,593
- Median year structure built1993
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palm Bay
How Palm Bay gets to work
- Workers 16 and over who commute51,861
- Commuting under 15 minutes8,023
- Share commuting under 15 minutes15.5 percent
- Commuting 30 minutes or more22,632
- Share commuting 30 minutes or more43.6 percent
- Drove alone74.5 percent
- Carpooled11.0 percent
- Public transport0.5 percent plus or minus 0.3
- Walked0.7 percent plus or minus 0.3
- Worked from home11.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Palm Bay
SBA loans in Palm Bay (7(a))
- Approvals94
- Gross approval$35,977,700
- Average approval$382,741
- Median approval$133,500
- Ninetieth percentile approval$1,212,000
- Largest approval$5,000,000
- Jobs supported876
- Jobs per approval9.3
- Loans with a final outcome8
- Paid in full7
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more17.0 percent
- Share to franchises10.6 percent
- Distinct lenders36
- Distinct industries by NAICS60
Counted by borrower city: approvals to borrowers whose address is in Palm Bay, in any county, FY2020 to FY2026. Only 8 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Palm Bay
SBA loans in Palm Bay (504)
- Approvals27
- Gross approval$29,002,000
- Average approval$1,074,148
- Median approval$452,000
- Largest approval$5,500,000
- Jobs supported309
- Loans with a final outcome4
- Charged off0
- Median term300 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Palm Bay, in any county, FY2010 to FY2026. Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Palm Bay
Flood risk in Palm Bay
- NFIP communityCity of Palm Bay
- NFIP community number120404
- Participating in the NFIPYes
- Community Rating System classClass 7
- Currently effective map date01/29/21
The City of Palm Bay participates in the National Flood Insurance Program as community 120404 and carries Community Rating System class 7, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Brevard County, not Palm Bay
Brevard County context, not Palm Bay figures
- Establishments in Brevard County15,510
- Covered employment, Brevard County242,124
- Average annual pay, Brevard County$68,051
- Housing units permitted, Brevard County4,603
Every figure in this section is published for Brevard County as a whole and is not a measurement of Palm Bay.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Palm Bay questions, answered from the record.
How many people live in Palm Bay, Florida?
130,132, in 45,850 households. Palm Bay city covers 86.67 square miles of land, which is 1,501 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Palm Bay in?
Brevard County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Palm Bay?
$72,614. The median owner-occupied home is valued at $283,200. Median gross rent is $1,601 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Palm Bay businesses?
94 7(a) approvals totaling $36.0 m since FY2020, across 36 lenders, median approval $133,500, plus 27 504 approvals worth $29.0 m since FY2010. These count approvals to borrowers whose address is in Palm Bay, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Palm Bay borrowers get paid back?
No rate is published for Palm Bay. Only 8 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Palm Bay in the National Flood Insurance Program?
Yes. Palm Bay appears in the FEMA Community Status Book as Palm Bay, city of, community 120404, carrying Community Rating System class 7, which is a premium discount for exceeding the program minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Palm Bay figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Brevard County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Palm Bay.
Is zoning published for Palm Bay?
No. Nothing on this page presents parcel level zoning.