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ZIP Code · FL

ZIP 32908

Part of Palm Bay, FL
Pop. 16,535·Brevard County·333rd most expensive ZIP in Florida
Median rent (all units)
$2,094/mo
Year-over-Year
+1.9%
Month-over-Month
+2.8%
vs US Median
+$129
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 32908 · $2,094
More expensive than 65% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,500
1 BR
$1,750
2 BR
$2,020
3 BR
$2,750
4 BR+
$3,130
Research median
$2,020/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
$25,128/yr
At $2,094/mo median
Location
StateFL
CountyBrevard County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 1.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+1.9% YoY, +2.8% MoM), not inventory.
Demographics

Who lives here

ZIP 32908 (Palm Bay, FL) is majority owner-occupied, has a large share of families with children, 26.1% of residents hold a bachelor's degree or higher.

Population
16,535
Median income
$79,596
Median age
38.7
Renters
10.2%
Age distribution
27.2%
17.9%
29.8%
12%
13.1%
Under 1827.2%
18–3417.9%
35–5429.8%
55–6412%
65+13.1%
Gender
48%
52%
Male48%
Female52%
Race & ethnicity
46.7%
29.3%
22.4%
White46.7%
Black29.3%
Hispanic22.4%
Asian1.4%
Education (25+)
28.5%
37.4%
26.1%
No HS diploma7.9%
HS diploma28.5%
Some college37.4%
Bachelor's+26.1%
Housing tenure
89.8%
Owner89.8%
Renter10.2%

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

2021 vs 2026

How ZIP 32908 in Palm Bay, FL has changed in 5 years

Income
$56,373 → $79,596
up 41.2%
Population
13,351 → 16,535
up 23.8%
Renter share
12.4% → 10.2%
-2.2 pts
Bachelor's+
19.6% → 26.1%
+6.5 pts
Median age
36.7 → 38.7
+2.0 yrs

On the earnings side, the typical household in ZIP 32908 in Palm Bay, FL now reports about $79,596, up from $56,373 in 2021. Headcount in the area went from 13,351 to 16,535 between 2021 and 2024, a 23.8% change. About 10.2% of households rent today, against 12.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 19.6% to 26.1%.

Community

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Local insights

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About renting in ZIP 32908

Last updated: July 20, 2026

ZIP code 32908 covers Palm Bay, FL. The median rent here is $2,094/mo as of July 2026. A 1-bedroom rents for a median of $1,750/mo. A 2-bedroom rents for a median of $2,020/mo.

At 32% of local median household income ($79,596/yr), ZIP 32908 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 32908?

As of July 20, 2026, the median monthly rent in ZIP 32908 (Palm Bay, FL) is $2,094. This is based on aggregated data from public sources and community submissions.

How does ZIP 32908 rent compare to the US average?

ZIP 32908's median rent of $2,094/mo is $129 (7%) above the US national median of $1,965/mo.

How does ZIP 32908 compare to other ZIPs in Florida?

ZIP 32908 falls in the middle range for Florida, ranking #333 out of 662 ZIPs at $2,094/mo.

How much income do you need to rent in ZIP 32908?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (~$40/hour full-time) to afford the median rent of $2,094/mo in ZIP 32908. The local median household income is $79,596/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 32908?

Rent in ZIP 32908 has increased 1.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 32908 an affordable place to rent?

ZIP 32908 is considered moderate for renters. At $2,094/mo, rent takes approximately 32% of the local median household income ($79,596/yr). The standard benchmark is 30%. ZIP 32908 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 32908 residents rent vs. own?

According to Census data, approximately 10.2% of ZIP 32908 households are renters, while 89.8% are owner-occupied. ZIP 32908 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 32908 compare to the rest of Palm Bay?

ZIP 32908 is pricier than Palm Bay as a whole. At $2,094/mo, it's $213 above the Palm Bay citywide median of $1,881/mo.

When was rent data for ZIP 32908 last updated?

Rent data for ZIP 32908 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
32%
MODERATE

At $2,094/mo, rent takes ~32% of ZIP 32908's median household income ($79,596/yr). The standard benchmark is 30%.

ZIP 32908 32%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 32908 (Palm Bay, FL)

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