The Most Affordable Neighborhoods in Lockmar Estates, Palm Bay, FL by Home Value

 

Lockmar Estates, Palm Bay, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lockmar Estates area can be challenging. Home prices in Lockmar Estates are now at a median cost of $354,328, higher than the Palm Bay average of $286,586.

The average cost of rent is $2,002/mo in Lockmar Estates, primarily driven by the current value of real estate in the Lockmar Estates area. In Lockmar Estates, 12.36% of households rent, and 39.94% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Lockmar Estates is $7,816 per month. Households that rent pay about 25.62% of their income on rent here. Lockmar Estates’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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