Palm Bay city: Homeownership Rate Trend
How Palm Bay city's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
70.8%
2023
79.4%
Total change
+8.6 pp
% change
+12.1%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 70.8% | — |
| 2019 | 74.5% | +3.7 pp (5.2%) |
| 2020 | 76.9% | +2.4 pp (3.2%) |
| 2021 | 78.3% | +1.4 pp (1.8%) |
| 2022 | 79.9% | +1.6 pp (2%) |
| 2023 | 79.4% | -0.5 pp (-0.6%) |