109 Oak Grove Ln, Merritt Island
Brevard County Real Estate - Rockledge
Rockledge is in East Central Florida. It's population as recorded in the 2010 Census was 24,926. Rockledge is approximately 42 miles from Orlando (population 238,300) and around 21 miles from Palm Bay (population 103,190).
The median age for residents of Rockledge is 44.2. Around 29.3% of Rockledge households include school aged children and 29.9% of households include individuals aged 65 years or over. Census records indicate 78.6% of the Rockledge population are White, 14.4% are Black or African American, .3% American Indian, 2.4% Asian and 2.6% are Two or more Races.
There are 11,240 housing units in Rockledge. 1,016 (9%) of these were reported as vacant in the 2010 Census. There are 2,464 residential rental units in Rockledge. 2,200 of them were occupied in 2010 providing a residential rental vacancy rate of 10.6%.
Rockledge 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 | |
|---|---|---|---|---|
| 117 Oak Grove Ln | Single Family | 2,029 | B |
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| 1000 Granada Ave | Single Family | 1,920 | B |
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| 108 Oak Grove Ln | Single Family | 1,750 | B |
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| 125 Oak Grove Ln | Single Family | 1,913 | B |
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| 995 Tropical Trl S | Single Family | 2,519 | B |
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| 116 Oak Grove Ln | Single Family | 1,819 | B |
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| 1010 Granada Ave | Single Family | 1,926 | B |
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| 100 Oak Grove Ln | Single Family | 1,986 | B |
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| 70 Granada Ave | Single Family | 1,962 | B |
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| 124 Oak Grove Ln | Single Family | 2,340 | B |
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| 1000 Tropical Trl S | Single Family | 2,645 | B |
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| 1020 Granada Ave | Single Family | 2,095 | B |
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| 133 Oak Grove Ln | Single Family | 2,278 | B |
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| 60 Granada Ave | Single Family | 2,252 | B |
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| 940 Tropical Trl S | Single Family | 1,158 | C |
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| 1030 Granada Ave | Single Family | 2,247 | B |
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| 132 Oak Grove Ln | Single Family | 2,168 | B |
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| 75 Granada Ave | Single Family | 2,092 | B |
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| 989 Tropical Trl S | Single Family | 2,623 | B |
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| 969 Tropical Trl S | Single Family | 2,202 | B |
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| 50 Granada Ave | Single Family | 1,928 | B |
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| 141 Oak Grove Ln | Single Family | 1,806 | B |
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| 65 Granada Ave | Single Family | 2,218 | B |
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| 1040 Granada Ave | Single Family | 2,122 | B |
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| 140 Oak Grove Ln | Single Family | 2,013 | B |
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| 135 Palm Blvd | Single Family | 1,820 | B |
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| 120 Country Woods Pl | Single Family | 1,352 | B |
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| 926 Tropical Trl S | Multi-family - less than 10 units | 2,001 | C |
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| 45 Granada Ave | Single Family | 2,337 | B |
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| 40 Granada Ave | Single Family | 1,966 | B |
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| 80 Alhambra Dr | Single Family | 1,573 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 247 Island Beach Blvd | .3 | 3,016 | $575,000 |
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| 76 Merritt Island Cswy E | 1.23 | 12,444 | $3,149,900 |
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| 230 Merritt Island Cswy E | 1.25 | 16,200 | $3,149,900 |
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| 440 Merritt Island Cswy W | 1.27 | 1,066 | $899,000 |
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| 777 Merritt Island Cswy E | 1.3 | 627,156 | $129,000 |
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| 250 Sykes Creek Pkwy S | 1.33 | 1,260 | $389,000 |
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| 260 Tropical Trl N | 1.5 | 10,413 | $2,149,900 |
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| 1998 Rockledge Blvd | 1.52 | 2,595 | $650,000 |
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| 1450 Garden Rd | 1.59 | 920 | $275,000 |
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| 1395 Courtenay Pkwy N | 1.59 | 1,350 | $179,900 |
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| 2404 Courtenay Pkwy N | 1.59 | 1,683 | $599,000 |
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| 536 Delannoy Ave | 1.75 | 3,461 | $899,000 |
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| 657 Brevard Ave | 1.8 | 3,526 | $974,900 |
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| 1917 Murrell Rd | 1.82 | 0 | $575,000 | |
| 1095 Newfound Harbor Dr | 2.09 | 840 | $850,000 |
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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 43 of all properties in this area. This suggests it would appeal to someone earning around $63,192 per year who should qualify for a mortgage between $126,384 and $157,980.
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 43 of all properties in this area. This corresponds to a rent of $942 per month and a monthly household income of $3,518 ($42,216 per year)
Nearby Companies
1035 Granada Ave
1010 Granada Ave
65 Granada Ave
977 S Tropical Trl
977 S Tropical Trl
108 Oak Grove Ln
950 S Tropical Trl