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ZIP Code · FL

ZIP 32905

Part of Palm Bay, FL
Pop. 24,792·Brevard County·605th most expensive ZIP in Florida
Median rent (all units)
$1,573/mo
Year-over-Year
-1.3%
Month-over-Month
+0.5%
vs US Median
-$392
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 32905 · $1,573
More affordable than 69% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,210
1 BR
$1,410
2 BR
$1,630
3 BR
$2,220
4 BR+
$2,520
Research median
$1,630/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,876/yr
At $1,573/mo median
Location
StateFL
CountyBrevard County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-1.3% YoY, +0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 32905 (Palm Bay, FL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 26.8% of residents hold a bachelor's degree or higher.

Population
24,792
Median income
$56,411
Median age
45.1
Renters
44%
Age distribution
16.2%
24%
19.1%
16.6%
24.1%
Under 1816.2%
18–3424%
35–5419.1%
55–6416.6%
65+24.1%
Gender
50.8%
49.2%
Male50.8%
Female49.2%
Race & ethnicity
60.8%
17.7%
16.1%
White60.8%
Black17.7%
Hispanic16.1%
Asian1.8%
Other3.7%
Education (25+)
33.2%
30.5%
26.8%
No HS diploma9.4%
HS diploma33.2%
Some college30.5%
Bachelor's+26.8%
Housing tenure
56%
44%
Owner56%
Renter44%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 32905 in Palm Bay, FL has changed in 5 years

Rent
$1,258 → $1,573
up 25.0%
Income
$48,299 → $56,411
up 16.8%
Population
26,073 → 24,792
down 4.9%
Renter share
44.5% → 44%
-0.5 pts
Bachelor's+
26.7% → 26.8%
+0.1 pts
Median age
41.6 → 45.1
+3.5 yrs

The median rent in ZIP 32905 in Palm Bay, FL stood at $1,258 in 2021 and currently runs about $1,573, reflecting a 25.0% increase over the period. On the earnings side, the typical household in ZIP 32905 in Palm Bay, FL now reports about $56,411, up from $48,299 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 4.9% since 2021, moving from about 26,073 residents to roughly 24,792. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 32905 in Palm Bay, FL reflects that arc in its own way.

Community

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Local insights

Tips for renters in ZIP 32905

About renting in ZIP 32905

Last updated: July 20, 2026

ZIP code 32905 covers Palm Bay, FL. The median rent here is $1,573/mo as of July 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,630/mo.

At 33% of local median household income ($56,411/yr), ZIP 32905 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 32905?

As of July 20, 2026, the median monthly rent in ZIP 32905 (Palm Bay, FL) is $1,573. This is based on aggregated data from public sources and community submissions.

How does ZIP 32905 rent compare to the US average?

ZIP 32905's median rent of $1,573/mo is $392 (20%) below the US national median of $1,965/mo.

How does ZIP 32905 compare to other ZIPs in Florida?

ZIP 32905 is among the more affordable ZIP codes in Florida, ranking #605 out of 662 ZIPs at $1,573/mo.

How much income do you need to rent in ZIP 32905?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,573/mo in ZIP 32905. The local median household income is $56,411/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 32905?

Rent in ZIP 32905 has decreased 1.3% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 32905 an affordable place to rent?

ZIP 32905 is considered moderate for renters. At $1,573/mo, rent takes approximately 33% of the local median household income ($56,411/yr). The standard benchmark is 30%. ZIP 32905 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 32905 residents rent vs. own?

According to Census data, approximately 44% of ZIP 32905 households are renters, while 56% are owner-occupied. ZIP 32905 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 32905 compare to the rest of Palm Bay?

ZIP 32905 is more affordable than Palm Bay overall. At $1,573/mo, it's $308 below the Palm Bay citywide median of $1,881/mo.

When was rent data for ZIP 32905 last updated?

Rent data for ZIP 32905 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
33%
MODERATE

At $1,573/mo, rent takes ~33% of ZIP 32905's median household income ($56,411/yr). The standard benchmark is 30%.

ZIP 32905 33%Benchmark 30%
State income taxNone
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Public schools near ZIP 32905 (Palm Bay, FL)

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