2722 Empire Ave, 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%.
Satellite Beach 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 | |
|---|---|---|---|---|
| 2708 Empire Ave | Single Family | 1,639 | B |
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| 2736 Empire Ave | Single Family | 1,778 | B |
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| 2781 Empire Ave | Single Family | 1,610 | B |
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| 2694 Empire Ave | Single Family | 1,617 | B |
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| 2750 Empire Ave | Single Family | 1,670 | B |
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| 2795 Empire Ave | Single Family | 2,008 | B |
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| 2767 Empire Ave | Single Family | 1,918 | B |
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| 2753 Empire Ave | Single Family | 1,605 | B |
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| 2809 Empire Ave | Single Family | 1,898 | B |
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| 2680 Empire Ave | Single Family | 1,713 | B |
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| 2780 Kingdom Ave | Single Family | 1,923 | B |
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| 2764 Empire Ave | Single Family | 2,003 | B |
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| 2794 Kingdom Ave | Single Family | 1,593 | B |
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| 2766 Kingdom Ave | Single Family | 1,545 | B |
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| 2739 Empire Ave | Single Family | 1,824 | B |
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| 2752 Kingdom Ave | Single Family | 1,874 | B |
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| 2808 Kingdom Ave | Single Family | 1,693 | B |
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| 2778 Empire Ave | Single Family | 2,014 | B |
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| 2666 Empire Ave | Single Family | 1,895 | B |
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| 3556 Reign St | Single Family | 1,603 | B |
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| 2738 Kingdom Ave | Single Family | 1,771 | B |
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| 2725 Empire Ave | Single Family | 1,903 | B |
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| 3542 Reign St | Single Family | 1,657 | B |
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| 2783 Kingdom Ave | Single Family | 1,822 | B |
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| 2652 Empire Ave | Single Family | 1,713 | B |
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| 2797 Kingdom Ave | Single Family | 1,871 | B |
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| 2769 Kingdom Ave | Single Family | 1,913 | B |
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| 2724 Kingdom Ave | Single Family | 1,825 | B |
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| 3528 Reign St | Single Family | 1,733 | B |
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| 2755 Kingdom Ave | Single Family | 1,822 | B |
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| 2711 Empire Ave | Single Family | 1,537 | B |
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| 3580 Serenity Ln | Single Family | 1,634 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 1865 Wickham Rd N | 1.38 | 9,600 | $1,200,000 |
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| 2870 Post Rd | 1.47 | 1,654 | $650,000 |
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| 1709 Palm Ridge Rd | 2.22 | 1,495 | $369,000 |
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| 3295 Constellation Dr | 2.37 | 2,009 | $498,000 |
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| 710 Washburn Rd | 2.47 | 1,020 | $215,000 |
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| 4018 Highway 1 N | 2.51 | 0 | $249,900 | |
| 3995 Harbor City Blvd N | 2.58 | 0 | $1,299,000 | |
| 3995 Harbor City Blvd N | 2.58 | 0 | $1,199,000 | |
| 3995 Harbor City Blvd N | 2.58 | 0 | $1,200,000 | |
| 3995 Harbor City Blvd N | 2.58 | 0 | $1,099,000 | |
| 3101 Harbor City Blvd N | 2.59 | 15,839 | $2,100,000 |
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| 3301 Harbor City Blvd N | 2.6 | 0 | $399,900 | |
| 4680 Highway 1 N | 2.73 | 0 | $760,000 | |
| 2725 Center Pl | 2.78 | 17,334 | $3,000,000 |
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| 1255 Palmwood Dr | 2.83 | 920 | $229,200 |
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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 70 of all properties in this area. This suggests it would appeal to someone earning around $96,888 per year who should qualify for a mortgage between $193,776 and $242,220.
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 70 of all properties in this area. This corresponds to a rent of $997 per month and a monthly household income of $3,700 ($44,400 per year)