178 Lanternback Island Dr, Satellite Bch
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 | |
|---|---|---|---|---|
| 172 Lanternback Island Dr | Single Family | 3,691 | A |
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| 184 Lanternback Island Dr | Single Family | 3,738 | A |
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| 166 Lanternback Island Dr | Single Family | 3,290 | A |
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| 190 Lanternback Island Dr | Single Family | 3,894 | A |
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| 179 Lanternback Island Dr | Single Family | 2,787 | A |
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| 185 Lanternback Island Dr | Single Family | 3,685 | A |
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| 171 Lanternback Island Dr | Single Family | 3,219 | A |
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| 191 Lanternback Island Dr | Single Family | 2,635 | A |
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| 165 Lanternback Island Dr | Single Family | 3,195 | A |
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| 492 Cardinal Dr | Single Family | 1,600 | B |
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| 160 Lanternback Island Dr | Single Family | 5,523 | A |
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| 196 Lanternback Island Dr | Single Family | 3,037 | A |
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| 488 Cardinal Dr | Single Family | 2,017 | B |
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| 197 Lanternback Island Dr | Single Family | 2,925 | A |
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| 489 Penguin Dr | Single Family | 2,175 | B |
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| 489 Cardinal Dr | Single Family | 1,571 | C |
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| 159 Lanternback Island Dr | Single Family | 4,172 | A |
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| 492 Penguin Dr | Single Family | 1,719 | C |
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| 154 Lanternback Island Dr | Single Family | 3,085 | A |
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| 202 Lanternback Island Dr | Single Family | 4,215 | A |
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| 484 Cardinal Dr | Single Family | 1,278 | C |
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| 203 Lanternback Island Dr | Single Family | 3,069 | A |
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| 485 Penguin Dr | Single Family | 1,401 | C |
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| 485 Cardinal Dr | Single Family | 1,833 | C |
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| 153 Lanternback Island Dr | Single Family | 2,638 | A |
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| 488 Penguin Dr | Single Family | 2,507 | C |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 437 Blue Jay Ln | .42 | 1,209 | $379,000 |
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| 412 Dove Ln | .49 | 1,668 | $314,495 |
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| 349 West Arlington St | .63 | 1,594 | $599,900 |
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| 625 Mission Bay Dr | .83 | 3,289 | $749,900 |
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| 165 Churchill Ave | .84 | 1,300 | $460,000 |
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| 125 Third St Se | .84 | 1,282 | $399,900 |
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| 129 Third St Ne | .91 | 912 | $449,982 |
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| 101 Third St Ne | 1.02 | 2,625 | $1,950,000 |
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| 7890 Tropical Trl S | 1.84 | 3,408 | $1,750,000 |
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| 10060 Tropical Trl S | 2.06 | 2,364 | $2,950,000 |
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| 10210 Tropical Trl S | 2.27 | 4,691 | $4,700,000 |
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| 1246 Highway A1a | 2.4 | 2,412 | $1,285,000 |
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| 5120 Highway 1 N | 2.83 | 0 | $2,750,000 | |
| 4680 Highway 1 N | 2.93 | 0 | $760,000 | |
| 4680 Highway 1 N | 2.93 | 0 | $760,000 | |
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 98 of all properties in this area. This suggests it would appeal to someone earning around $440,265 per year who should qualify for a mortgage between $880,530 and $1,100,663.
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 98 of all properties in this area. This corresponds to a rent of $2,510 per month and a monthly household income of $9,550 ($114,600 per year)
Nearby Companies
171 Lanternback Island Dr
489 Penguin Dr
485 Cardinal Dr