440 Norwood St, 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 | |
|---|---|---|---|---|
| 450 Norwood St | Single Family | 1,284 | C |
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| 430 Norwood St | Single Family | 1,066 | C |
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| 420 Norwood St | Single Family | 1,066 | C |
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| 445 Norwood St | Single Family | 1,430 | C |
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| 460 Norwood St | Single Family | 1,066 | C |
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| 435 Norwood St | Single Family | 1,066 | C |
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| 455 Norwood St | Single Family | 1,066 | C |
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| 425 Norwood St | Single Family | 1,040 | C |
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| 410 Norwood St | Single Family | 1,400 | C |
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| 470 Norwood St | Single Family | 1,868 | C |
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| 440 Nelson Dr | Single Family | 1,496 | C |
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| 430 Nelson Dr | Single Family | 1,392 | C |
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| 415 Norwood St | Single Family | 820 | C |
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| 450 Nelson Dr | Single Family | 1,248 | C |
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| 420 Nelson Dr | Single Family | 1,377 | C |
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| 200 Linda Ave | Single Family | 1,066 | C |
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| 400 Norwood St | Single Family | 1,008 | C |
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| 410 Nelson Dr | Single Family | 1,258 | C |
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| 405 Norwood St | Single Family | 1,282 | C |
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| 210 Linda Ave | Single Family | 1,066 | C |
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| 199 Lura Ln | Mobile Home | 1,152 | B |
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| 179 Lura Ln | Mobile Home | 672 | C |
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| 201 Lura Ln | Mobile Home | 1,152 | B |
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| 173 Lura Ln | Mobile Home | 528 | C |
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| 167 Lura Ln | Mobile Home | 672 | C |
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| 350 Norwood St | Single Family | 1,352 | C |
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| 203 Lura Ln | Single Family | 1,104 | C |
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| 400 Nelson Dr | Single Family | 1,306 | C |
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| 161 Lura Ln | Single Family | 1,095 | C |
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| 220 Linda Ave | Single Family | 1,032 | C |
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| 355 Norwood St | Single Family | 1,304 | C |
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| 207 Lura Ln | Mobile Home | 690 | B |
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| 445 Nelson Dr | Single Family | 1,251 | C |
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| 435 Nelson Dr | Single Family | 1,166 | C |
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| 209 Lura Ln | Mobile Home | 660 | C |
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| 455 Nelson Dr | Single Family | 1,138 | C |
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| 153 Lura Ln | Mobile Home | 736 | B |
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| 425 Nelson Dr | Single Family | 1,542 | C |
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| 350 Nelson Dr | Single Family | 1,066 | C |
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| 340 Norwood St | Single Family | 840 | C |
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| 230 Linda Ave | Single Family | 1,249 | C |
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| 415 Nelson Dr | Single Family | 1,176 | C |
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| 233 Lura Ln | Single Family | 1,734 | C |
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| 184 Lura Ln | Mobile Home | 1,400 | B |
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| 345 Norwood St | Single Family | 1,066 | C |
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| 172 Lura Ln | Single Family | 588 | C |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 260 Tropical Trl N | .23 | 10,413 | $2,149,900 |
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| 1395 Courtenay Pkwy N | .24 | 1,350 | $179,900 |
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| 440 Merritt Island Cswy W | .45 | 1,066 | $899,000 |
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| 76 Merritt Island Cswy E | .55 | 12,444 | $3,149,900 |
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| 850 Courtenay Pkwy N | .62 | 1,680 | $795,000 |
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| 230 Merritt Island Cswy E | .66 | 16,200 | $3,149,900 |
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| 975 Courtenay Pkwy N | .72 | 7,404 | $749,000 |
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| 330 Surfspray Dr | 1.24 | 1,188 | $690,000 |
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| 777 Merritt Island Cswy E | 1.27 | 627,156 | $129,000 |
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| 536 Delannoy Ave | 1.5 | 3,461 | $899,000 |
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| 250 Sykes Creek Pkwy S | 1.5 | 1,260 | $389,000 |
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| 657 Brevard Ave | 1.62 | 3,526 | $974,900 |
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| 461 Forrest Ave | 1.65 | 3,762 | $769,900 |
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| 247 Island Beach Blvd | 1.88 | 3,016 | $575,000 |
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| 420 Stone St | 1.99 | 0 | $650,000 | |
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 5 of all properties in this area. This suggests it would appeal to someone earning around $15,713 per year who should qualify for a mortgage between $31,426 and $39,283.
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 5 of all properties in this area. This corresponds to a rent of $502 per month and a monthly household income of $1,996 ($23,952 per year)
Nearby Companies
450 Norwood St
450 Norwood St
200 Linda Ave
200 Linda Ave