houses for sale in palm bay fl under $200k

Affordable Living: Houses for Sale in Palm Bay FL Under $200K

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If you’re searching for houses for sale in palm bay fl under $200k, you’ll be pleased to know there are over 100 budget‑friendly options available right now. From cozy 2‑bedroom homes to spacious 3-bedroom single‑family houses, Palm Bay offers a range of properties that fit under the $200K mark—perfect for first‑time buyers and investors alike.

Houses for Sale in Palm Bay FL Under $200k: Market Snapshot

  • 109 listings under $200,000 are currently live on Zillow, demonstrating strong inventory for this price bracket.

  • The median listing price in Palm Bay is $280,000, meaning these under‑$200K properties are well below the local market average.

  • Price points range from as low as $85,500 to the $199,900 ceiling, offering options for every budget.

Top Neighborhoods and Property Types

  • Northwest Palm Bay (32907): Offers several single‑family homes in the $120K–$180K range, close to schools and shopping centers.

  • Northeast Palm Bay (32905): Known for newer townhomes and condos under $200K, many with community amenities like pools and playgrounds.

  • Southeast Palm Bay (32909): Features affordable 2‑bed, 2‑bath homes starting around $130K—ideal for downsizers or small families.

Featured Listings

  • 1401 Lombard St NW: $130,000 | 3 bd / 2 ba | 1,066 sq ft – A well‑maintained home in a quiet subdivision.

  • 1238 Sanchez St SE: $179,000 | 2 bd / 2 ba | 1,056 sq ft – New interior paint, open floor plan, close to parks.

  • 2116 Manor Dr NE: $195,000 | 3 bd / 3 ba | 1,496 sq ft – Townhouse with price cut of $24K, modern finishes, HOA‑managed community.

Buying Tips for Under‑$200K Homes

  1. Get Pre‑Approved: Secure mortgage pre‑approval to act quickly in a competitive market.

  2. Inspect Thoroughly: Homes at lower price points can carry deferred maintenance—schedule a detailed home inspection.

  3. Consider Renovation Potential: A cosmetic update (paint, flooring) can add instant equity.

  4. Research HOA Fees: Townhouses and condos under $200K often include HOA dues; factor these into your budget.

  5. Work with a Local Agent: A Palm Bay specialist can alert you to new under‑$200K listings before they hit major sites.

FAQ

  1. Q: How many houses for sale in Palm Bay FL are under $200K right now?
    A: According to Zillow, there are 109 active listings under $200,000 in Palm Bay FL.

  2. Q: What types of homes can I expect under $200K?
    A: Options include single‑family homes (2–3 beds), townhouses, and condos, often ranging from 700–1,500 sq ft.

  3. Q: Are there good school zones within this price range?
    A: Yes. Neighborhoods like Northwest Palm Bay (32907) and Northeast Palm Bay (32905) have several public and charter schools rated average to above average, all within $200K budget homes.

  4. Q: What are typical closing costs for a $200K home?
    A: Expect closing costs of 2–5% of the purchase price (approx. $4,000–$10,000). Shop lenders for competitive rates and negotiate seller‑paid fees when possible.

  5. Q: Is Palm Bay a good long‑term investment for under‑$200K properties?
    A: Yes. With ongoing local development, proximity to Melbourne and the Space Coast, and relatively affordable entry prices, under‑$200K homes in Palm Bay have strong appreciation potential.