1560 Hidden Wood Rd, Cocoa
Brevard County Real Estate - Cocoa
Cocoa is in East Central Florida. It's population as recorded in the 2010 Census was 17,140. Cocoa is approximately 40 miles from Orlando (population 238,300) and around 26 miles from Palm Bay (population 103,190).
The median age for residents of Cocoa is 40. Around 28.6% of Cocoa households include school aged children and 30.5% of households include individuals aged 65 years or over. Census records indicate 59.1% of the Cocoa population are White, 31.3% are Black or African American, .5% American Indian, 1% Asian and 2.7% are Two or more Races.
There are 8,603 housing units in Cocoa. 1,367 (15.8%) of these were reported as vacant in the 2010 Census. There are 3,850 residential rental units in Cocoa. 3,150 of them were occupied in 2010 providing a residential rental vacancy rate of 17.4%.
Cocoa is located in Brevard Country, FL; north of Rockledge and west of Merritt Island. In 2002, Cocoa embarked on an intense annexation program, nearly doubling the city’s size to 14 square miles. The Census population figures do not include these annexed areas.
Some of Cocoa's biggest employers are: Beyel Brothers Crane & Rigging, Braden Kitchens, Brevard Community College, Brewer Paving & Development, CEMEX, and Coastal Steel. Beyel brothers Crane & Rigging is a Cocoa based company that offers heavy hauling and crane rentals. Braden Kitchens is also based in Cocoa, and offers kitchen cabinets. CEMEX provides cement and Coastal steel is a steel erection and fabrication company.
The biggest industries are trade, transportation and utilities and construction.
Cocoa links:
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Brevard County
Brevard County is located in the East Central Florida region, along with Orange, Volusia, Sumter, Seminole, Lake, and Osceola counties. There are many incorporated municipalities in Brevard. Cities include Cape Canaveral, Cocoa, Cocoa Beach, Indian Harbour Beach, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, and West Melbourne. The towns in Brevard are Grant-Valkaria, Indiatlantic, Malabar, Melbourne Beach, Melbourne Village, and Palm Shores. Brevard?s population is well over half a million.
Top industries for Brevard County include technology, tourism, agriculture, and other service businesses. Top public sector employers for Brevard County are the Brevard County School Board, Brevard County Board of County Commissioners, NASA, and US Department of Defense. Private sector employers include Harris Corporation, Health First, Inc., United Space Alliance, Wuesthoff Health System, and Northrop Grumman Corporation.
Kennedy Space Center is located on Merritt Island in Brevard County and provides many jobs for the area, as well as acting as a popular tourist destination. It is from this activity that Brevard takes its nickname, the Space Coast. Nicknamed "Space City USA", the city of Titusville is across the water from KSC. The city?s population is highly-educated. The city is a popular destination for visitors wishing to see spacecraft launches.
Other tourist attractions in Brevard County include Port Canaveral, one of the busiest cruise ports in the world, the Merritt Island National Wildlife Refuge, and Cocoa Beach. Port Canaveral is serviced by Disney Cruise Lines, Carnival, and Royal Caribbean. Not just a tourist destination, the port is within a foreign trade zone.
In 2010 and 2011, the Brookings Institution reported that Brevard ranked in the bottom fifth of the nation's top metro areas, based on unemployment, gross metropolitan product, housing prices and foreclosed properties. In 2011, the county was rated the 6th worst in the nation for foreclosures. RealtyTrac rated Brevard as the best county in the United States for buyers in 2013 because of the low prices.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 1550 Hidden Wood Rd | Single Family | 2,722 | B |
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| 1570 Hidden Wood Rd | Single Family | 2,148 | B |
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| 1540 Hidden Wood Rd | Single Family | 1,971 | B |
|
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 5121 Craig Rd | .11 | 3,477 | $4,000,000 |
|
| 251 Lincoln Rd | 2.27 | 1,480 | $185,000 |
|
| 4285 Sheridan Ave | 2.48 | 1,315 | $575,000 |
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| 2512 Palm Dr N | 2.49 | 1,040 | $259,000 |
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| 835 Cardinal Rd | 2.49 | 2,765 | $760,000 |
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| 3560 Felda St | 2.61 | 0 | $624,000 | |
| 651 Range Rd N | 2.66 | 1,333 | $237,000 |
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| 2840 King St W | 2.79 | 0 | $1,500,000 | |
| 195 Range Rd N | 2.87 | 840 | $1,750,000 |
|
Local Household Income
The median household income in this part of Florida is $62,468. The bottom 10% of the population earn less than $20,497 per year. The top 10% earn more than $145,332 per year. The top 1% earn more than $390,929 per year. Most renters earn between $28,824 (20th percentile) and $50,820 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $124,936 and $156,170.
The tax assessed value of this property places it in percentile 94 of all properties in this area. This suggests it would appeal to someone earning around $176,120 per year who should qualify for a mortgage between $352,240 and $440,300.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $871. Most renters earn between $2,402 and $4,235 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $635 (20th percentile) to $1,227 (80th percentile) range. The residential vacancy rate is 10%.
This property falls in percentile 94 of all properties in this area. This corresponds to a rent of $1,615 per month and a monthly household income of $5,503 ($66,036 per year)
Nearby Companies
1560 Hidden Wood Rd