205 Sykes Loop Dr, Merritt Island
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:
Links
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 | |
|---|---|---|---|---|
| 203 Sykes Loop Dr | Single Family | 2,888 | B |
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| 207 Sykes Loop Dr | Single Family | 2,339 | B |
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| 180 Sykes Loop Dr | Single Family | 2,271 | B |
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| 178 Sykes Loop Dr | Single Family | 2,018 | B |
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| 182 Sykes Loop Dr | Single Family | 2,451 | B |
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| 201 Sykes Loop Dr | Single Family | 1,784 | B |
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| 209 Sykes Loop Dr | Single Family | 2,107 | B |
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| 204 Sykes Loop Dr | Single Family | 2,157 | B |
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| 206 Sykes Loop Dr | Single Family | 2,325 | B |
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| 176 Sykes Loop Dr | Single Family | 2,231 | B |
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| 184 Sykes Loop Dr | Single Family | 2,529 | B |
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| 202 Sykes Loop Dr | Single Family | 1,941 | B |
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| 208 Sykes Loop Dr | Single Family | 1,905 | B |
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| 211 Sykes Loop Dr | Single Family | 2,535 | B |
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| 193 Sykes Loop Dr | Single Family | 2,159 | B |
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| 200 Sykes Loop Dr | Single Family | 2,405 | B |
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| 174 Sykes Loop Dr | Single Family | 2,245 | B |
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| 210 Sykes Loop Dr | Single Family | 1,991 | B |
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| 189 Sykes Loop Dr | Single Family | 2,479 | B |
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| 185 Cove Loop Dr | Single Family | 2,467 | B |
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| 179 Cove Loop Dr | Single Family | 2,640 | B |
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| 198 Sykes Loop Dr | Single Family | 1,808 | B |
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| 213 Sykes Loop Dr | Single Family | 3,042 | B |
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| 191 Cove Loop Dr | Single Family | 2,244 | B |
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| 212 Sykes Loop Dr | Single Family | 2,219 | B |
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| 173 Cove Loop Dr | Single Family | 2,190 | B |
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| 172 Sykes Loop Dr | Single Family | 2,342 | B |
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| 1885 Sandbar Dr | Single Family | 1,697 | B |
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| 1883 Sandbar Dr | Single Family | 1,909 | B |
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| 197 Cove Loop Dr | Single Family | 1,908 | B |
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| 167 Cove Loop Dr | Single Family | 2,185 | B |
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| 1881 Sandbar Dr | Single Family | 1,741 | B |
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| 190 Florida Blvd | Single Family | 2,665 | B |
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| 214 Sykes Loop Dr | Single Family | 1,793 | B |
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| 192 Sykes Loop Dr | Single Family | 2,695 | B |
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| 215 Sykes Loop Dr | Single Family | 2,241 | B |
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| 196 Sykes Loop Dr | Single Family | 2,576 | B |
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| 200 Florida Blvd | Single Family | 1,873 | B |
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| 190 Sykes Loop Dr | Single Family | 2,643 | B |
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| 194 Sykes Loop Dr | Single Family | 2,796 | B |
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| 1879 Sandbar Dr | Single Family | 1,676 | B |
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| 203 Cove Loop Dr | Single Family | 1,915 | B |
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| 180 Florida Blvd | Single Family | 1,847 | B |
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| 188 Sykes Loop Dr | Single Family | 2,448 | B |
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| 161 Cove Loop Dr | Single Family | 2,101 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 2097 Hidden Grove Ln | .59 | 1,530 | $258,900 |
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| 2107 Hidden Grove Ln | .59 | 1,454 | $235,000 |
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| 2460 Courtenay Pkwy N | .8 | 15,428 | $2,399,900 |
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| 160 Venetian Way | .94 | 18,120 | $3,199,900 |
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| 330 Surfspray Dr | .97 | 1,188 | $690,000 |
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| 850 Courtenay Pkwy N | 1.36 | 1,680 | $795,000 |
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| 210 Grant Rd | 1.65 | 3,074 | $799,000 |
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| 3420 Courtenay Pkwy N | 1.93 | 27,700 | $3,150,000 |
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| 1395 Courtenay Pkwy N | 1.98 | 1,350 | $179,900 |
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| 260 Tropical Trl N | 2.17 | 10,413 | $2,149,900 |
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| 76 Merritt Island Cswy E | 2.34 | 12,444 | $3,149,900 |
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| 230 Merritt Island Cswy E | 2.35 | 16,200 | $3,149,900 |
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| 440 Merritt Island Cswy W | 2.4 | 1,066 | $899,000 |
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| 777 Merritt Island Cswy E | 2.68 | 627,156 | $129,000 |
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| 461 Forrest Ave | 2.88 | 3,762 | $769,900 |
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Local Household Income
The median household income in this part of Florida is $72,768. The bottom 10% of the population earn less than $23,880 per year. The top 10% earn more than $187,088 per year. The top 1% earn more than $641,838 per year. Most renters earn between $33,936 (20th percentile) and $61,692 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $145,536 and $181,920.
The tax assessed value of this property places it in percentile 67 of all properties in this area. This suggests it would appeal to someone earning around $102,669 per year who should qualify for a mortgage between $205,338 and $256,673.
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 $1,015. Most renters earn between $2,828 and $5,141 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $738 (20th percentile) to $1,432 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 67 of all properties in this area. This corresponds to a rent of $1,199 per month and a monthly household income of $4,463 ($53,556 per year)
Nearby Companies
178 Cove Loop Dr
178 Cove Loop Dr
178 Cove Loop Dr
193 Sykes Loop Dr