Palm Bay, FL
- Overview
- Performance
- Listings
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Key Performance Metrics
Market snapshotPerformance indicators for the Palm Bay short-term rental market based on reliable data.
Listings
189 / 592
Reliable / Active
Cap Rate
9%
Middle-Earners Gross Yield
Revenue
$27,767
Middle-Earners Revenue
Occupancy
61%
Middle-Earners Occupancy
Home Value
$298,236
Median Home Sale Price
Top Earners
$55,191
Top-Earners Revenue
Palm Bay
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Palm Bay.
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Generally Investor friendly
Palm Bay Regulations
STRs are legal citywide with no Palm Bay–specific permits or caps, and the process is clear: obtain the Florida DBPR vacation‑rental license and meet basic safety/health standards at modest cost ($170–$180 plus $60 application/HEP and taxes). The main friction is state licensing and county tourist tax, plus the 90‑day minimum applies in unincorporated Brevard, not Palm Bay; overall, compliance is moderate and predictable.
Local STR Agent
STR specialist · Palm Bay, FL
About Palm Bay
Palm Bay is a city in Brevard County, Florida, United States. The city's population was 119,760 at the 2020 United States census, making it the most populous city in the county and the largest by land mass. The historic section of the city lies on the mouth of the Turkey Creek and the Palm Bay. Palm Bay has historically expanded south and to the west. The newer section is mostly situated west of Interstate 95 and south of the Tillman Canal.Palm Bay is a principal city of the Palm Bay−Melbourne−Titusville Metropolitan Statistical Area, which had a population of 606,612 at the 2020 census.