Market Overview
Home Prices in Palm Shores, FL
The median home value in Palm Shores, FL is $453,167 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.2% compared to a year ago and down 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Palm Shores are priced11% above average. Palm Shores is part of the Palm Bay-Melbourne-Titusville, FL metro area.
Over the past five years, Palm Shores home values have risen by approximately25.6%, reflecting strong long-term appreciation in this market.
Price History
Palm Shores Home Price Trend
City Comparison
Palm Shores vs. National Median
At $453,167, homes in Palm Shores cost 11% above the national median of $410,000. Buyers in Palm Shores should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Palm Shores?
20% Down Payment
$90,633
on $453,167
Monthly P&I
$2,363/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,001/mo
incl. taxes & insurance
Income Needed
$120,040
gross annual (30% rule)
10% Down Option
$45,317
+ PMI applies
Loan Amount (20% dn)
$362,534
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Palm Shores, FL?
The median home value in Palm Shores is $453,167 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.2% year-over-year.
How much have home prices changed in Palm Shores?
Over the past year, home values in Palm Shores have decreased by 2.2%. Over five years, prices have risen approximately 25.6%.
How much do I need to earn to buy a home in Palm Shores?
To comfortably afford the median home price of $453,167 with a 20% down payment ($90,633) at today's rates (6.8%), you'd need a gross annual income of approximately $120,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Palm Shores compare to the national average home price?
The national median home value is approximately $410,000. At $453,167, homes in Palm Shores are 11% above the national average.
What metro area is Palm Shores part of?
Palm Shores is part of the Palm Bay-Melbourne-Titusville, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.