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ZIP Code · FL

ZIP 32909

Part of Palm Bay, FL
Pop. 41,804·Brevard County·381st most expensive ZIP in Florida
Median rent (all units)
$2,007/mo
Year-over-Year
+5.2%
Month-over-Month
+0.3%
vs US Median
+$42
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 32909 · $2,007
More expensive than 61% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,290
1 BR
$1,510
2 BR
$1,740
3 BR
$2,370
4 BR+
$2,690
Research median
$1,740/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
$24,084/yr
At $2,007/mo median
Location
StateFL
CountyBrevard County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.2% YoY, +0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 32909 (Palm Bay, FL) is majority owner-occupied, has a large share of families with children, 23.8% of residents hold a bachelor's degree or higher.

Population
41,804
Median income
$79,977
Median age
37.9
Renters
17.3%
Age distribution
26%
20.6%
25.4%
12.4%
15.6%
Under 1826%
18–3420.6%
35–5425.4%
55–6412.4%
65+15.6%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
51.9%
21.8%
22.8%
White51.9%
Black21.8%
Hispanic22.8%
Asian3.8%
Education (25+)
31.4%
36.6%
23.8%
No HS diploma8.3%
HS diploma31.4%
Some college36.6%
Bachelor's+23.8%
Housing tenure
82.7%
17.3%
Owner82.7%
Renter17.3%

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

2021 vs 2026

How ZIP 32909 in Palm Bay, FL has changed in 5 years

Rent
$1,438 → $2,007
up 39.6%
Income
$56,811 → $79,977
up 40.8%
Population
34,156 → 41,804
up 22.4%
Renter share
17.3% → 17.3%
+0.0 pts
Bachelor's+
22.9% → 23.8%
+0.9 pts
Median age
39.6 → 37.9
-1.7 yrs

The median rent in ZIP 32909 in Palm Bay, FL stood at $1,438 in 2021 and currently runs about $2,007, reflecting a 39.6% increase over the period. Median household income rose from $56,811 to $79,977 between 2021 and 2024, a 40.8% shift. The population has grown by 22.4% since 2021, moving from about 34,156 residents to roughly 41,804. Taken together, the five-year picture in ZIP 32909 in Palm Bay, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

Tips for renters in ZIP 32909

About renting in ZIP 32909

Last updated: July 20, 2026

ZIP code 32909 covers Palm Bay, FL. The median rent here is $2,007/mo as of July 2026. A 1-bedroom rents for a median of $1,510/mo. A 2-bedroom rents for a median of $1,740/mo.

At 30% of local median household income ($79,977/yr), ZIP 32909 ranks as moderate compared to the national benchmark of 30%. Rents have increased 5.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 32909?

As of July 20, 2026, the median monthly rent in ZIP 32909 (Palm Bay, FL) is $2,007. This is based on aggregated data from public sources and community submissions.

How does ZIP 32909 rent compare to the US average?

ZIP 32909's median rent of $2,007/mo is $42 (2%) above the US national median of $1,965/mo.

How does ZIP 32909 compare to other ZIPs in Florida?

ZIP 32909 falls in the middle range for Florida, ranking #381 out of 662 ZIPs at $2,007/mo.

How much income do you need to rent in ZIP 32909?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $2,007/mo in ZIP 32909. The local median household income is $79,977/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 32909?

Rent in ZIP 32909 has increased 5.2% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 32909 an affordable place to rent?

ZIP 32909 is considered moderate for renters. At $2,007/mo, rent takes approximately 30% of the local median household income ($79,977/yr). The standard benchmark is 30%. ZIP 32909 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 32909 residents rent vs. own?

According to Census data, approximately 17.3% of ZIP 32909 households are renters, while 82.7% are owner-occupied. ZIP 32909 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 32909 compare to the rest of Palm Bay?

ZIP 32909 is pricier than Palm Bay as a whole. At $2,007/mo, it's $126 above the Palm Bay citywide median of $1,881/mo.

When was rent data for ZIP 32909 last updated?

Rent data for ZIP 32909 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $2,007/mo, rent takes ~30% of ZIP 32909's median household income ($79,977/yr). The standard benchmark is 30%.

ZIP 32909 30%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 32909 (Palm Bay, FL)

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