842 Ridge Lake Dr, Melbourne
Brevard County Real Estate - Patrick AFB
Patrick Air Force Base is in East Central Florida. It's population as recorded in the 2010 Census was 1,222. Patrick Afb is approximately 51 miles from Orlando (population 238,300) and around 14 miles from Palm Bay (population 103,190).
The median age for residents of Patrick Afb is 24.2. Around 59% of Patrick Afb households include school aged children and 3.4% of households include individuals aged 65 years or over. Census records indicate 77.1% of the Patrick Afb population are White, 11.7% are Black or African American, .9% American Indian, 1.8% Asian and 5.9% are Two or more Races.
There are 462 housing units in Patrick Afb. 115 (24.8%) of these were reported as vacant in the 2010 Census. There are 361 residential rental units in Patrick Afb. 342 of them were occupied in 2010 providing a residential rental vacancy rate of 5.3%.
Patrick Afb 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 | |
|---|---|---|---|---|
| 844 Ridge Lake Dr | Single Family | 1,338 | B |
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| 840 Ridge Lake Dr | Single Family | 1,686 | B |
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| 846 Ridge Lake Dr | Single Family | 1,836 | B |
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| 838 Ridge Lake Dr | Single Family | 1,792 | B |
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| 852 Ridge Lake Dr | Single Family | 1,822 | B |
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| 836 Ridge Lake Dr | Single Family | 1,822 | B |
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| 851 Ridge Lake Dr | Single Family | 1,836 | B |
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| 854 Ridge Lake Dr | Single Family | 1,315 | B |
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| 853 Ridge Lake Dr | Single Family | 1,566 | B |
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| 834 Ridge Lake Dr | Single Family | 1,822 | B |
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| 855 Ridge Lake Dr | Single Family | 1,792 | B |
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| 856 Ridge Lake Dr | Single Family | 1,822 | B |
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| 906 Ridge Lake Dr | Single Family | 1,822 | B |
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| 904 Ridge Lake Dr | Single Family | 1,642 | B |
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| 832 Ridge Lake Dr | Single Family | 1,792 | B |
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| 858 Ridge Lake Dr | Single Family | 1,682 | B |
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| 830 Ridge Lake Dr | Single Family | 1,594 | B |
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| 908 Ridge Lake Dr | Single Family | 1,792 | B |
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| 902 Ridge Lake Dr | Single Family | 1,347 | B |
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| 828 Ridge Lake Dr | Single Family | 1,594 | B |
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| 910 Ridge Lake Dr | Single Family | 1,822 | B |
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| 831 Ridge Lake Dr | Single Family | 1,792 | B |
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| 857 Ridge Lake Dr | Undefined - Reserved for Use by Department of Revenue | 362 | B |
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| 900 Ridge Lake Dr | Single Family | 1,642 | B |
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| 829 Ridge Lake Dr | Single Family | 1,347 | B |
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| 861 Ridge Lake Dr | Single Family | 1,792 | B |
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| 826 Ridge Lake Dr | Single Family | 1,638 | B |
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| 863 Ridge Lake Dr | Single Family | 1,642 | B |
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| 859 Ridge Lake Dr | Single Family | 1,661 | B |
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| 865 Ridge Lake Dr | Single Family | 1,594 | B |
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| 867 Ridge Lake Dr | Single Family | 1,810 | B |
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| 869 Ridge Lake Dr | Single Family | 1,594 | B |
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| 912 Ridge Lake Dr | Single Family | 1,792 | B |
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| 824 Ridge Lake Dr | Single Family | 1,792 | B |
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| 871 Ridge Lake Dr | Single Family | 1,403 | B |
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| 898 Ridge Lake Dr | Single Family | 1,792 | B |
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| 827 Ridge Lake Dr | Single Family | 1,642 | B |
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| 873 Ridge Lake Dr | Single Family | 1,792 | B |
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| 914 Ridge Lake Dr | Single Family | 1,594 | B |
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| 896 Ridge Lake Dr | Single Family | 1,792 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 798 Spanish Cove Dr | .31 | 2,196 | $624,900 |
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| 816 Spanish Cove Dr | .34 | 2,185 | $699,900 |
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| 7777 Wickham Rd N | 1.34 | 86,327 | $90,000 |
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| 7285 Waelti Dr | 1.82 | 5,600 | $18,250,000 |
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| 3295 Constellation Dr | 1.83 | 2,009 | $498,000 |
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| 2725 Center Pl | 1.96 | 17,334 | $3,000,000 |
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| 513 Topsail Dr | 2.07 | 0 | $994,900 | |
| 523 Bosun Ct | 2.1 | 0 | $249,000 | |
| 6005 Highway 1 S | 2.65 | 2,138 | $701,000 |
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| 1394 Alto Vista Dr | 2.7 | 0 | $895,000 | |
| 4680 Highway 1 N | 2.85 | 0 | $760,000 | |
| 2870 Post Rd | 2.93 | 1,654 | $650,000 |
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| 7890 Tropical Trl S | 2.94 | 3,408 | $1,750,000 |
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| 1208 Continental Ave | 3.04 | 2,058 | $369,900 |
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| 6335 Tropical Trl S | 3.1 | 1,940 | $3,700,000 |
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Local Household Income
The median household income in this part of Florida is $65,996. The bottom 10% of the population earn less than $23,217 per year. The top 10% earn more than $150,879 per year. The top 1% earn more than $414,648 per year. Most renters earn between $28,332 (20th percentile) and $50,268 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $131,992 and $164,990.
The tax assessed value of this property places it in percentile 74 of all properties in this area. This suggests it would appeal to someone earning around $104,785 per year who should qualify for a mortgage between $209,570 and $261,963.
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 $847. Most renters earn between $2,361 and $4,189 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $608 (20th percentile) to $1,140 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 74 of all properties in this area. This corresponds to a rent of $1,058 per month and a monthly household income of $3,836 ($46,032 per year)
Nearby Companies
857 Ridge Lake Dr