1186 Jericho Ave Nw, Palm Bay
Brevard County Real Estate - Palm Bay
Palm Bay is in East Central Florida. It's population as recorded in the 2010 Census was 103,190.
The median age for residents of Palm Bay is 39.8. Around 33.8% of Palm Bay households include school aged children and 28.7% of households include individuals aged 65 years or over. Census records indicate 72.9% of the Palm Bay population are White, 17.9% are Black or African American, .4% American Indian, 1.7% Asian and 3.5% are Two or more Races.
There are 45,220 housing units in Palm Bay. 5,738 (12.6%) of these were reported as vacant in the 2010 Census. There are 11,507 residential rental units in Palm Bay. 10,117 of them were occupied in 2010 providing a residential rental vacancy rate of 11.7%.
Palm Bay links:
Links
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 | |
|---|---|---|---|---|
| 1178 Jericho Ave Nw | Single Family | 1,410 | B |
 |
| 1194 Jericho Ave Nw | Single Family | 1,749 | B |
|
| 1187 Merrick Ave Nw | Single Family | 1,420 | B |
|
| 1179 Merrick Ave Nw | Single Family | 1,404 | B |
|
| 1195 Merrick Ave Nw | Single Family | 1,820 | B |
|
| 1170 Jericho Ave Nw | Single Family | 1,603 | B |
|
| 1187 Jericho Ave Nw | Single Family | 1,394 | B |
|
| 1179 Jericho Ave Nw | Single Family | 1,480 | B |
|
| 1195 Jericho Ave Nw | Single Family | 2,093 | B |
|
| 1171 Merrick Ave Nw | Single Family | 1,101 | C |
|
| 1171 Jericho Ave Nw | Single Family | 1,148 | B |
|
| 1162 Jericho Ave Nw | Vacant Residential | 0 | L | |
| 1037 Banks St Nw | Single Family | 1,387 | B |
|
| 1031 Banks St Nw | Single Family | 1,230 | B |
|
| 1043 Banks St Nw | Single Family | 1,830 | B |
|
| 1163 Merrick Ave Nw | Single Family | 1,362 | C |
|
| 1025 Banks St Nw | Single Family | 1,436 | B |
|
| 1186 Merrick Ave Nw | Single Family | 1,332 | B |
|
| 1186 Price Ave Nw | Single Family | 1,440 | B |
|
| 1049 Banks St Nw | Vacant Residential | 0 | L | |
| 1178 Price Ave Nw | Single Family | 2,020 | B |
|
| 1194 Price Ave Nw | Single Family | 1,380 | B |
|
| 1196 Merrick Ave Nw | Single Family | 1,657 | B |
|
| 1178 Merrick Ave Nw | Single Family | 1,060 | C |
|
| 1154 Jericho Ave Nw | Vacant Residential | 0 | L | |
| 1019 Banks St Nw | Single Family | 1,493 | B |
|
| 1155 Merrick Ave Nw | Single Family | 1,040 | C |
|
| 1170 Merrick Ave Nw | Vacant Residential | 0 | L | |
| 1170 Price Ave Nw | Single Family | 2,089 | B |
|
| 1155 Jericho Ave Nw | Single Family | 1,363 | B |
|
| 1055 Banks St Nw | Vacant Residential | 0 | L | |
| 1013 Banks St Nw | Single Family | 1,378 | B |
|
| 1146 Jericho Ave Nw | Single Family | 1,246 | C |
|
| 1147 Merrick Ave Nw | Vacant Residential | 0 | L | |
| 1185 Porter Ave Nw | Single Family | 1,500 | C |
|
| 1068 Banks St Nw | Single Family | 1,440 | B |
|
| 1173 Porter Ave Nw | Single Family | 1,516 | C |
|
| 1147 Jericho Ave Nw | Single Family | 1,352 | B |
|
| 1154 Price Ave Nw | Single Family | 1,540 | B |
|
| 1149 Porter Ave Nw | Vacant Residential | 1,550 | L |
|
| 1061 Banks St Nw | Single Family | 1,593 | B |
|
| 1154 Merrick Ave Nw | Single Family | 1,380 | B |
|
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 740 Norse St Nw | .61 | 0 | $55,000 | |
| 1043 Pace Dr Nw | .68 | 0 | $356,900 | |
| 1196 Malone St Nw | .7 | 1,384 | $325,000 |
|
| 1627 Earlham Ave Nw | 1.43 | 0 | $335,000 | |
| 1810 Rawdon St Nw | 1.63 | 2,343 | $430,000 |
|
| 333 Krassner Dr Nw | 1.64 | 0 | $405,000 | |
| 1386 Unter Ave Nw | 1.65 | 0 | $362,900 | |
| 1341 Defender St Nw | 1.72 | 0 | $39,900 | |
| 1698 Holbrook Rd Nw | 1.86 | 0 | $79,000 | |
| 1368 Wing Rd Sw | 2.1 | 0 | $52,500 | |
| 1266 Sapulpa Rd Sw | 2.29 | 0 | $349,900 | |
| 346 Triana Ave Sw | 2.52 | 0 | $349,900 | |
| 490 Birch Ave Sw | 2.67 | 0 | $47,900 | |
| 1171 Tupelo Rd Sw | 2.67 | 0 | $37,000 | |
| 236 Santo Domingo Ave Sw | 2.71 | 0 | $49,900 | |
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 34 of all properties in this area. This suggests it would appeal to someone earning around $48,362 per year who should qualify for a mortgage between $96,724 and $120,905.
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 34 of all properties in this area. This corresponds to a rent of $728 per month and a monthly household income of $2,712 ($32,544 per year)
Nearby Companies
1178 Jericho Ave Nw
1187 Merrick Ave Nw