T-RECS
powered by ResiShares
Trended Real Estate Comparison Scores (T-RECS) compare current real estate markets with their closest analogs in history, to project their most probable trajectories going forward.
Read more about our T-RECS model hereWhere willrank amongst housing markets for price growth?
Palm Bay-Melbourne-Titusville, FL
State
Florida
Region
South
2021 Population
616,628
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 253,061 homes | 63rd |
| Home Price | $328,633 | 62nd |
| Price Per sqft | $177/sqft | 48th |
| Lot Size | 0.21 acre(s) | 39th |
| Home Size | 1,923 sqft | 95th |
| 2 Year Price Growth | +32.16% | 92nd |
| Demographics | Percentile | |
|---|---|---|
Home Age | 37 years | 64th |
Population Age | 47 years | 7th |
| Household Size | 2.40 people | 31st |
| Economics | Percentile | |
|---|---|---|
| Household Income | $65,333 | 49th |
| 2 Year Household Income Growth | +14.01% | 94th |
Unemployment Rate | 5.00% | 68th |
2 Year Unemployment Rate Difference | -0.60% | 91st |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 87th |
| Population Growth Score | 83rd |
| Price Growth Score | 92nd |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
116 / 200 ( 42nd %tile )Top 5 Historical T-RECS Matched Markets
1.
Jacksonville, FL
Year: 2018
Similarity Score: 85
2.
Knoxville, TN
Year: 2017
Similarity Score: 85
3.
San Antonio-New Braunfels, TX
Year: 2010
Similarity Score: 85
4.
Atlanta-Sandy Springs-Alpharetta, GA
Year: 2020
Similarity Score: 85
5.
Charlotte-Concord-Gastonia, NC-SC
Year: 2019
Similarity Score: 84
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 253,061 homes | 63rd |
| Home Price | $328,633 | 62nd |
| Price Per sqft | $177/sqft | 48th |
| Lot Size | 0.21 acre(s) | 39th |
| Home Size | 1,923 sqft | 95th |
| 2 Year Price Growth | +32.16% | 92nd |
| Demographics | Percentile | |
|---|---|---|
Home Age | 37 years | 64th |
Population Age | 47 years | 7th |
| Household Size | 2.40 people | 31st |
| Economics | Percentile | |
|---|---|---|
| Household Income | $65,333 | 49th |
| 2 Year Household Income Growth | +14.01% | 94th |
Unemployment Rate | 5.00% | 68th |
2 Year Unemployment Rate Difference | -0.60% | 91st |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 87th |
| Population Growth Score | 83rd |
| Price Growth Score | 92nd |