Titusville, Florida

Brevard County Real Estate - Titusville

Titusville is the County Seat of Brevard County. Nicknamed Space City, USA, It is a principal city of the Palm Bay -Melbourne - Titusville Metropolitan Statistical Area

Titusville is a full service city covering 30.3 square miles and a population of approximately 45,000. Titusville is located on the west shore of the Indian River Lagoon, directly across from the John F. Kennedy Space Center. The Atlantic Ocean lies approximately 12 miles to the east and East Orlando 30 miles to the west. Incorporated in 1886, Titusville has seen most of its growth since 1962, with the creation of the Lunar Landing program at the Space Center. Titusville is the eastern anchor of Florida’s high tech corridor. Industrial parks and prime commercial properties are near major highways such as I-95, SR 528/Beach line Expressway, and SR 50, all providing easy access to Orlando and other major cities.

Connecting the city to the rest of Florida and beyond is a modern, uncongested system of road and rail connections. Interstate 95, US 1,State Road 50 and the Florida East Coast Railway are all excellent methods for land transportation in the immediate area.

Commercial air transportation is provided by Orlando International Airport. General aviation facilities are available at Space Coast Regional Airport, located just five minutes from Kennedy Space Center and home to 1,200 acres of industrial property.

On the Atlantic Ocean sits Port Canaveral, a major deepwater port serving cargo, tanker and cruise markets. Port Canaveral has shown tremendous growth of late, registering 3.6 million short tons of cargo and 4.3 million total cruise passengers in FY 2007.

The nostalgic historic Downtown area offers arts and crafts shops, clothing and consignment shops, flower and gift shops and a nearby riverside park, as well as several popular restaurants.

Nearby are other gift, hobby, museum and antique shops. Within one mile of downtown is the Titusville Municipal Marina with a ships store, a large seawall for viewing manatee and other marine life.

There 10 hotels/motels in Titusville mostly clustered around I95 or the Indian River.

House prices and rent in Titusville have been negatively impacted by the imminent closure of the shuttle program and the consequential loss of high salary jobs. As a real estate investor house prices are softer here than other areas in Brevard County. It is extremely important that the price paid enables the property to cash flow as a rental as selling prices are unlikely to rebound in the near future.

Titusville is in East Central Florida. It's population as recorded in the 2010 Census was 43,761. Titusville is approximately 35 miles from Orlando (population 238,300) and around 42 miles from Palm Bay (population 103,190).

The median age for residents of Titusville is 44.3. Around 26.6% of Titusville households include school aged children and 34% of households include individuals aged 65 years or over. Census records indicate 80.8% of the Titusville population are White, 13.5% are Black or African American, .4% American Indian, 1.3% Asian and 2.5% are Two or more Races.

There are 22,729 housing units in Titusville. 3,712 (16.3%) of these were reported as vacant in the 2010 Census. There are 7,766 residential rental units in Titusville. 6,238 of them were occupied in 2010 providing a residential rental vacancy rate of 19.1%.

Titusville links:

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Titusville is located in Brevard County. It has a population of approximately 43,761 people. The population increased 0.4% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 0.7% for Brevard County and a 1.7% increase for the country as a whole. Titusville occupies 29.37 of the 1015.66 square miles in Brevard County. It had a population density of 1489.9 persons per square mile in 2010. This compared to 535 for the county, 350.6 for Florida and 87.4 for the country.

8.4% ( 22,729) of the 270,512 housing units in Brevard County are in Titusville (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Titusville has a 69.7% homeownership rate compared to Brevard County's 75.3% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Brevard County 543,376 $16,070 0.7% $50,068 270,512 $171,200
Titusville 43,761 $8110.4%$44,148 22,729$140,700

Titusville's medium household income in 2011 was $44,148. Brevard County's medium household income was $50,068, which is higher than the medium income for Florida as a whole: $47,827. 13.9% of the population in Titusville lives below the poverty line, compared to 14.7% in Florida, 11.2% of the population in Brevard County and 14.3% nationwide. Additional Information:

Titusville Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Titusville. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $811 million, Titusville's economic activity represents 5.05% of Brevard County's $16,070MM in economic activity. Brevard County represents 2.55% of the Florida economy.

Titusville Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $0 0.0%
Merchant wholesaler sales $109 13.4%
Retail sales $613 75.6%
Accommodation and food services sales $89 11.0%
Total $811100%

Brevard County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Cape Canaveral 9,912 $1660.1%$43,888 8,295$203,800
Cocoa 17,140 $7250.5%$33,411 8,603$128,500
Cocoa Beach 11,231 $2640.3%$53,951 8,866$295,700
Melbourne 76,068 $5,3211.1%$42,089 38,955$153,400
Merritt Island 34,743 $964X$58,528 17,036$215,700
Mims 7,058 $20X$47,161 3,530$130,900
Palm Bay 103,190 $3,8060.9%$44,768 45,220$138,600
Palm Bay 103,190 $3,8060.9%$44,768 45,220$138,600
Rockledge 24,926 $4952.0%$57,835 11,240$173,900
Satellite Beach 10,109 $681.4%$60,870 4,953$238,000
Titusville 43,761 $8110.4%$44,148 22,729$140,700

Brevard County is located in East Central Florida. This region is responsible for 17.0% of Florida's economic activity. Brevard County represents 15.0% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Brevard County 543,376 $16,070 0.7% $50,068 270,512 $171,200
Osceola County 268,685 $7,448 7.0% $46,479 129,830 $170,200
Orange County 1,145,956 $53,843 4.9% $49,731 492,209 $211,100
Seminole County 422,718 $12,124 1.9% $58,908 182,625 $225,500
Lake County 297,052 $5,430 2.1% $47,509 145,303 $167,900
Volusia County 494,593 $10,951 0.5% $44,169 254,981 $172,100
Sumter County 93,420 $1,120 8.8% $44,817 55,988 $186,800
Total 3,369,551 $106,985 3.7% $48,812 1,531,448 $186,400

Titusville Real Estate

There are 27,485 properties in Titusville. The following table shows a summary of them based on 2014 sales data.

Titusville Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 38 0.14 0n/an/an/an/a
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 366 1.33 1 $375,000 $144March 1st, 2014March 1st, 2014
Health Care 5 0.02 0n/an/an/an/a
Hotel & Motel 25 0.09 1 $300,000 $104May 1st, 2014May 1st, 2014
Industrial 335 1.22 2 $6,100,000 $147February 1st, 2014August 1st, 2014
Miscellaneous Property 29 0.11 0n/an/an/an/a
Mobile/Manufactured 651 2.37 17 $40,000 $41January 1st, 2014August 1st, 2014
Multifamily 1,079 3.93 19 $71,000 $35February 1st, 2014August 1st, 2014
Office 379 1.38 5 $145,000 $86March 1st, 2014July 1st, 2014
Residential 23,647 86.04 954 $68,500 $52January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 740 2.69 27 $249,400 $52January 1st, 2014August 1st, 2014
Senior Housing 29 0.11 24 $5,200,000 $57June 1st, 2014June 1st, 2014
Special Purpose 126 0.46 3 $325,000 $57January 1st, 2014August 1st, 2014
Sports & Entertaining 36 0.13 1 $1,200,000 $169February 1st, 2014February 1st, 2014

Agricultural Real Estate in Titusville, Florida

38( .14%) of the properties in Titusville are classified as Agricultural.

Commercial Real Estate in Titusville, Florida

0( .00%) of the properties in Titusville are classified as Commercial.

Government Real Estate in Titusville, Florida

366( 1.33%) of the properties in Titusville are classified as Government. 1 of them sold between March 1st, 2014 and March 1st, 2014. The total value of these sales was $375,000. The median sales price was $375,000. In 2014 the median sales price for Government Property in Titusville was $144 per sq ft.

Health Care Real Estate in Titusville, Florida

5( .02%) of the properties in Titusville are classified as Health Care.

Hotel & Motel Real Estate in Titusville, Florida

25( .09%) of the properties in Titusville are classified as Hotel & Motel. 1 of them sold between May 1st, 2014 and May 1st, 2014. The total value of these sales was $300,000. The median sales price was $300,000. In 2014 the median sales price for Hotel & Motel in Titusville was $104 per sq ft.

Industrial Real Estate in Titusville, Florida

335( 1.22%) of the properties in Titusville are classified as Industrial. 2 of them sold between February 1st, 2014 and August 1st, 2014. The total value of these sales was $12,200,000. The median sales price was $6,100,000. In 2014 the median sales price for Industrial in Titusville was $147 per sq ft.

Miscellaneous Real Estate in Titusville, Florida

29( .11%) of the properties in Titusville are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Titusville, Florida

651( 2.37%) of the properties in Titusville are classified as Mobile/Manufactured. 17 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $608,600. The median sales price was $40,000. In 2014 the median sales price for Mobile/Manufactured in Titusville was $41 per sq ft.

Multifamily Real Estate in Titusville, Florida

1,079( 3.93%) of the properties in Titusville are classified as Multifamily. 19 of them sold between February 1st, 2014 and August 1st, 2014. The total value of these sales was $2,061,700. The median sales price was $71,000. In 2014 the median sales price for A Class Multifamily in Titusville was $65 per sq ft, B Class properties sold for $35/ft and C Class $18/ft.

Office Real Estate in Titusville, Florida

379( 1.38%) of the properties in Titusville are classified as Office. 5 of them sold between March 1st, 2014 and July 1st, 2014. The total value of these sales was $621,000. The median sales price was $145,000. In 2014 the median sales price for Office in Titusville was $86 per sq ft.

Residential Real Estate in Titusville, Florida

23,647( 86.04%) of the properties in Titusville are classified as Residential. 954 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $90,013,724. The median sales price was $68,500. In 2014 the median sales price for A Class Residential in Titusville was $102 per sq ft, B Class properties sold for $52/ft and C Class $24/ft.

Residential Real Estate in Titusville, Florida

0( .00%) of the properties in Titusville are classified as Residential.

Retail Real Estate in Titusville, Florida

740( 2.69%) of the properties in Titusville are classified as Retail. 27 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $15,028,400. The median sales price was $249,400. In 2014 the median sales price for A Class Retail in Titusville was $107 per sq ft, B Class properties sold for $52/ft and C Class $26/ft.

Senior Housing Real Estate in Titusville, Florida

29( .11%) of the properties in Titusville are classified as Senior Housing. 24 of them sold between June 1st, 2014 and June 1st, 2014. The total value of these sales was $124,800,000. The median sales price was $5,200,000. In 2014 the median sales price for A Class Senior Housing in Titusville was $57 per sq ft, B Class properties sold for $57/ft and C Class $57/ft.

Special Purpose Real Estate in Titusville, Florida

126( .46%) of the properties in Titusville are classified as Special Purpose. 3 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $884,000. The median sales price was $325,000. In 2014 the median sales price for Special Purpose in Titusville was $57 per sq ft.

Sports & Entertaining Real Estate in Titusville, Florida

36( .13%) of the properties in Titusville are classified as Sports & Entertaining. 1 of them sold between February 1st, 2014 and February 1st, 2014. The total value of these sales was $1,200,000. The median sales price was $1,200,000. In 2014 the median sales price for Sports & Entertaining in Titusville was $169 per sq ft.

Titusville, Brevard County Market Data

Titusville Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 18 23,857
Government Property 361 16,180,602
Health Care 3 144,093
Hotel & Motel 19 601,899
Industrial 281 9,813,354
Land 2,440 2,917,284
Miscellaneous Property 22 50,940
Mobile/Manufactured 296 314,470
Multifamily 850 32,732,493
Office 349 2,222,991
Residential 23,426 33,778,153
Retail 650 8,514,332
Senior Housing 15 1,162,776
Special Purpose 121 2,051,194
Sports & Entertaining 27 342,851

Titusville Median Property Values per Sq Ft

Titusville Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
1/2 Duplex Used As Sfr 2016 $123$16 $83$16 $65$16
Airport (private or commercial), bus terminal, marine terminal, pier or marina. 2016 $289$14 $119$10 $53$8
Auto sales, auto repair and storage or auto service shop 2016 $212$15 $99$8 $44$6
Bowling alley, skating rink, pool hall or enclosed arena 2016 $212$13 $99$9 $44$6
Centrally assessed 2016 $134$42 $94$15 $42$6
Church 2016 $134$14 $94$10 $42$8
Club, lodge or union hall 2016 $134$14 $94$10 $42$8
College 2016 $134$11 $94$7 $42$6
Community Shopping Center 2016 $212$15 $99$8 $44$6
Condominium 2016 $211$16 $75$16 $42$16
Condominium Unit 2016 $123$16 $83$16 $65$16
Convenience Store With Gas Pump 2016 $123$15 $83$8 $65$6
County Owned 2016 $134$11 $94$7 $42$6
County Owned Land-Improved (That Does Not Qualify In Another Code) 2016 $123$6 $83$6 $65$6
County Owned Land-Vacant (That Does Not Qualify In Another Code) 2016 $123$6 $83$6 $65$6
Duplex 2016 $123$8 $83$6 $65$4
Enclosed theater or auditorium 2016 $212$13 $99$9 $44$6
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $212$15 $99$8 $44$6
Florist or greenhouse 2016 $212$15 $99$8 $44$6
Golf course or driving range 2016 $212$13 $99$9 $44$6
Government Undefined 2016 $134$11 $94$7 $42$6
Grazing land soil capability Class II 2016 $134$27 $94$15 $42$9
Heavy industrial 2016 $134$5 $94$4 $42$4
Home for the aged 2016 $134$15 $94$10 $42$9
Hospital 2016 $134$11 $94$7 $42$6
Hotel or motel 2016 $212$33 $99$33 $44$33
Light manufacturing 2016 $134$5 $94$4 $42$4
Lumber yard, sawmill or planing mill 2016 $134$5 $94$4 $42$4
Mineral processing, cement plant,refinery, clay plants or gravel plant 2016 $134$5 $94$4 $42$4
Mixed Use- Commercial Property 2016 $123$5 $83$4 $65$4
Mixed use - store and office or store and residential or residential combination 2016 $212$15 $99$8 $44$6
Mobile Home 2016 $85$6 $55$6 $30$6
Mortuary, cemetery or crematorium 2016 $134$14 $94$10 $42$8
Motor Inn 2016 $123$33 $83$33 $65$33
Multi-family - 10 units or more 2016 $124$8 $59$6 $59$4
Multi-family - less than 10 units 2016 $66$8 $43$6 $31$4
Municipal Owned 2016 $134$11 $94$7 $42$6
Nightclub, cocktail lounge or bar 2016 $212$13 $99$9 $44$6
Office Building- Single Tenant- 2 Or More Stories 2016 $123$13 $83$10 $65$7
Office building, non-professional service building, multi-story 2016 $289$13 $119$10 $53$7
Office building, non-professional service building, one story 2016 $289$13 $119$10 $53$7
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2016 $134$5 $94$4 $42$4
Orchard Groves, Citrus, etc. 2016 $134$27 $94$15 $42$9
Ornamentals, miscellaneous agricultural 2016 $134$27 $94$15 $42$9
Orphanage, other non-profit or charitable services 2016 $134$14 $94$10 $42$8
Packing plant (fruit and vegetable or meat packing) 2016 $134$5 $94$4 $42$4
Parking Lot - Patron 2016 $123$15 $83$8 $65$6
Poultry, bees, tropical fish, rabbits, etc. 2016 $134$27 $94$15 $42$9
Private school or college 2016 $134$14 $94$10 $42$8
Professional service building 2016 $289$13 $119$10 $53$7
Public county school 2016 $134$11 $94$7 $42$6
Race track: horse, auto or dog 2016 $212$13 $99$9 $44$6
Repair service shop (excluding automotive) 2016 $212$15 $99$8 $44$6
Residential Related Amenities 2016 $123$16 $83$16 $65$16
Restaurant, cafeteria 2016 $212$15 $99$8 $44$6
Sanitarium or convalescent rest home 2016 $134$25 $94$17 $42$11
Service station 2016 $212$15 $99$8 $44$6
Single Family 2016 $106$16 $74$16 $44$16
Single Family Residence 2016 $123$16 $83$16 $65$16
State Owned 2016 $134$11 $94$7 $42$6
Store, one story 2016 $212$15 $99$8 $44$6
Supermarket 2016 $212$15 $99$8 $44$6
Timberland - site index 50 to 59 2016 $134$27 $94$15 $42$9
Tourist attraction, permanent exhibit or other entertainment facilities 2016 $212$13 $99$9 $44$6
Townhouse 2016 $123$16 $83$16 $65$16
Undefined - Reserved for Use by Department of Revenue 2016 $66$16 $43$16 $31$16
Utility 2016 $134$42 $94$15 $42$6
Warehousing, Distribution_Terminal, Trucking Terminal, Van & Storage 2016 $123$5 $83$4 $65$4
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $134$5 $94$4 $42$4