Palm Bay, FL - Port Malabar, Palm Bay, FL
Palm Bay, FL - Port Malabar — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Palm Bay, FL - Port Malabar, Palm Bay, Florida. Explore the cited sources and local facts below while agent underwriting continues.
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Palm Bay, FL - Port Malabar Neighborhood Overview
Port Malabar is a well-established residential community within the larger city of Palm Bay, Florida. Characterized by its affordable suburban living, the neighborhood offers a quiet atmosphere with convenient access to urban amenities. Its location provides residents with a balanced lifestyle near the Space Coast's natural and technological attractions.
Lifestyle & Amenities
Residents enjoy a suburban lifestyle with access to local parks, shopping centers, and dining options within Palm Bay. The neighborhood's proximity to the Indian River Lagoon and nearby beaches allows for outdoor recreation like boating and fishing. Daily needs are met with various retailers and services located along major thoroughfares like Malabar Road and Babcock Street.
Real Estate Market
The Port Malabar real estate market is defined by its affordability, with a median home value of $180,700. Homes typically sell for about $205.7 per square foot and spend an average of 56 days on the market. This market dynamic presents opportunities for first-time homebuyers and investors looking for value in the Palm Bay area.
Schools & Education
Families in Port Malabar are served by the Brevard Public Schools district. The neighborhood is in close proximity to several public schools, though specific ratings and names are not provided. Higher education options include Eastern Florida State College, which has a campus located in Palm Bay.
Transportation & Connectivity
Major roads like Babcock Street and Malabar Road provide efficient car travel throughout Palm Bay and to neighboring cities like Melbourne. The neighborhood is roughly a 30-minute drive from Melbourne Orlando International Airport (MLB). Public transportation options are available through Space Coast Area Transit bus services.
Why Choose Palm Bay, FL - Port Malabar
Port Malabar is an ideal choice for those seeking an affordable entry into homeownership in Brevard County, with a 58% homeownership rate. It offers a stable, family-friendly environment with a median household income of $54,145. The combination of suburban quiet, accessibility, and value makes it a practical and attractive community on Florida's Space Coast.
Palm Bay, FL - Port Malabar Market Data
| Metric | Value |
|---|---|
| Median Home Price | $181K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $54K |
| Homeownership Rate | 57.7% |
| Renter-Occupied | 42.3% |
| Rental Vacancy Rate | 4.1% |
| Market Type | Balanced |
| Market Tier | Affordable |
| Primary ZIP Code | 32905 |
Top Real Estate Agents in Palm Bay, FL - Port Malabar, Palm Bay
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Palm Bay, FL - Port Malabar, Palm Bay, FL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Florida Department of Business & Professional Regulation (DBPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12