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 $238,246, higher than the Palm Bay average of $186,284.

The average cost of rent is $1,466/mo in Lockmar Estates, primarily driven by the current value of real estate in the Lockmar Estates area. While nearly 43.66% of residents own their homes outright in Lockmar Estates, 9.19% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lockmar Estates is $6,594 per month. Households that rent pay about 22.23% of their income on rent here. Lockmar Estates's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the neighborhood.


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