2792 Hereford Rd, Melbourne
Brevard County Real Estate - Satellite Beach
Satellite Beach is in East Central Florida. It's population as recorded in the 2010 Census was 10,109. Satellite Beach is approximately 54 miles from Orlando (population 238,300) and around 10 miles from Palm Bay (population 103,190).
The median age for residents of Satellite Beach is 46.4. Around 28.2% of Satellite Beach households include school aged children and 33.7% of households include individuals aged 65 years or over. Census records indicate 92.9% of the Satellite Beach population are White, 1.9% are Black or African American, .2% American Indian, 1.7% Asian and 2.2% are Two or more Races.
There are 4,953 housing units in Satellite Beach. 670 (13.5%) of these were reported as vacant in the 2010 Census. Satellite Beach is a tourist destination, 43.7% (293) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,233 residential rental units in Satellite Beach. 1,028 of them were occupied in 2010 providing a residential rental vacancy rate of 14.8%.
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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 | |
|---|---|---|---|---|
| 2784 Hereford Rd | Single Family | 1,184 | C |
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| 2802 Hereford Rd | Single Family | 1,365 | C |
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| 4222 Wellington Rd | Single Family | 1,032 | C |
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| 4232 Wellington Rd | Single Family | 1,512 | C |
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| 2768 Hereford Rd | Single Family | 1,398 | C |
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| 2808 Hereford Rd | Single Family | 996 | C |
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| 2787 Hereford Rd | Single Family | 1,368 | C |
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| 2795 Hereford Rd | Single Family | 1,313 | C |
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| 2749 King Richard Rd | Single Family | 1,032 | C |
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| 4244 Wellington Rd | Single Family | 1,227 | C |
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| 2781 Hereford Rd | Single Family | 984 | C |
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| 2801 Hereford Rd | Single Family | 1,855 | C |
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| 2762 Hereford Rd | Single Family | 1,183 | C |
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| 2775 Hereford Rd | Single Family | 984 | C |
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| 4254 Wellington Rd | Single Family | 1,286 | C |
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| 2807 Hereford Rd | Single Family | 1,368 | C |
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| 2816 Hereford Rd | Single Family | 1,787 | C |
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| 2741 King Richard Rd | Single Family | 1,032 | C |
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| 2767 Hereford Rd | Single Family | 1,472 | C |
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| 2866 Locksley Rd | Single Family | 1,863 | C |
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| 2870 Locksley Rd | Single Family | 1,092 | C |
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| 4225 Wellington Rd | Single Family | 1,288 | C |
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| 2756 Hereford Rd | Single Family | 1,088 | C |
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| 2860 Locksley Rd | Single Family | 2,177 | C |
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| 2874 Locksley Rd | Single Family | 1,092 | C |
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| 2813 Hereford Rd | Single Family | 1,296 | C |
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| 4266 Wellington Rd | Single Family | 1,343 | C |
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| 4241 Wellington Rd | Single Family | 1,120 | C |
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| 2846 Locksley Rd | Single Family | 1,368 | C |
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| 2824 Hereford Rd | Single Family | 1,312 | C |
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| 2761 Hereford Rd | Single Family | 984 | C |
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| 2878 Locksley Rd | Single Family | 1,506 | C |
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| 2731 King Richard Rd | Single Family | 1,008 | C |
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| 2836 Locksley Rd | Single Family | 1,358 | C |
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| 2742 Hereford Rd | Single Family | 1,236 | C |
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| 4251 Wellington Rd | Single Family | 1,120 | C |
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| 2823 Hereford Rd | Single Family | 1,368 | C |
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| 2820 Locksley Rd | Single Family | 1,180 | C |
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| 2882 Locksley Rd | Single Family | 1,260 | C |
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| 2765 Hereford Rd | Single Family | 1,113 | C |
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| 2720 King Richard Rd | Single Family | 1,120 | C |
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| 4263 Wellington Rd | Single Family | 1,120 | C |
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| 2732 Hereford Rd | Single Family | 1,388 | C |
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| 2719 King Richard Rd | Single Family | 1,008 | C |
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| 4280 Wellington Rd | Single Family | 1,056 | C |
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| 2804 Locksley Rd | Single Family | 1,601 | C |
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| 2832 Hereford Rd | Single Family | 1,068 | C |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 3295 Constellation Dr | .96 | 2,009 | $498,000 |
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| 4680 Highway 1 N | 1.09 | 0 | $760,000 | |
| 2725 Center Pl | 1.14 | 17,334 | $3,000,000 |
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| 4018 Highway 1 N | 1.31 | 0 | $249,900 | |
| 3995 Harbor City Blvd N | 1.43 | 0 | $1,299,000 | |
| 3995 Harbor City Blvd N | 1.43 | 0 | $1,199,000 | |
| 3995 Harbor City Blvd N | 1.43 | 0 | $1,200,000 | |
| 3995 Harbor City Blvd N | 1.43 | 0 | $1,099,000 | |
| 3301 Harbor City Blvd N | 1.93 | 0 | $399,900 | |
| 3101 Harbor City Blvd N | 2.1 | 15,839 | $2,100,000 |
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| 1709 Palm Ridge Rd | 2.43 | 1,495 | $369,000 |
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| 1865 Wickham Rd N | 2.6 | 9,600 | $1,200,000 |
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| 10060 Tropical Trl S | 2.84 | 2,364 | $2,950,000 |
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| 10210 Tropical Trl S | 2.9 | 4,691 | $4,700,000 |
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| 816 Spanish Cove Dr | 2.95 | 2,185 | $699,900 |
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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 23 of all properties in this area. This suggests it would appeal to someone earning around $37,682 per year who should qualify for a mortgage between $75,364 and $94,205.
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 23 of all properties in this area. This corresponds to a rent of $633 per month and a monthly household income of $2,454 ($29,448 per year)
Nearby Companies
2802 Hereford Rd
4285 Wellington Rd
2877 Locksley Rd