HomeFloridaBrevard CountyPalm Bay city
Palm Bay city, Florida: commercial real estate data.
Palm Bay city 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.
81 sourced place values · tier FULL · 9 sections
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 7(a) lending to Palm Bay borrowers
- Approvals94
- Gross approval$35,977,700
- Average approval$382,741
- Median approval$135,000
- Ninetieth percentile approval$1,260,000
- 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
A charge-off rate is not published here. only 8 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Palm Bay
SBA 504 lending to Palm Bay borrowers
- 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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Palm Bay
Flood programme status in Palm Bay
- Listed NFIP communities1
- Of those, participating1
- Best Community Rating System classClass 7
- NFIP community number120404
- Currently effective map date01/29/21
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Brevard County, not Palm Bay
Brevard County context, not Palm Bay figures
These are Brevard County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Palm Bay measurements.
- Establishments in Brevard County15,510
- Employment at those establishments, Brevard County205,503
- Covered employment, Brevard County242,124
- Average annual pay, Brevard County$68,051
- Average weekly wage, Brevard County$1,309
- Housing units permitted, Brevard County4,603
- Of those, single family, Brevard County3,889
- County product, 2024, Brevard County$43,482,320,000
- County product change over the prior year, Brevard County7.1 percent
- Average income of an arriving household, Brevard County$87,320
Every figure in this section is published for Brevard County as a whole and is not a measurement of Palm Bay. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $36.0 m, across 36 lenders, median approval $135,000, plus 27 504 approvals worth $29.0 m. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. 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 community 120404, carrying Community Rating System class 7, which is a premium discount for exceeding the programme 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 labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.