2538 Spence Dr Ne, 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:

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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

AddressTypeSq FtClass 
2524 Spence Dr Ne Single Family 1,054 C
2552 Spence Dr Ne Vacant Residential 0 L
2561 Clinton Dr Ne Single Family 904 C
2571 Clinton Dr Ne Single Family 1,506 C
2551 Clinton Dr Ne Multi-family - less than 10 units 1,864 C
2510 Spence Dr Ne Single Family 1,196 C
2566 Spence Dr Ne Single Family 1,136 C
2539 Spence Dr Ne Single Family 790 C
2525 Spence Dr Ne Single Family 1,125 C
2553 Spence Dr Ne Single Family 794 C
2581 Clinton Dr Ne Single Family 1,374 C
2541 Clinton Dr Ne Single Family 672 C
2511 Spence Dr Ne Single Family 624 C
2567 Spence Dr Ne Single Family 744 C
2309 Shenandoah Rd Ne Single Family 846 C
2531 Clinton Dr Ne Single Family 1,140 C
2580 Spence Dr Ne Office building, non-professional service building, one story 2,100 B
2505 Spence Dr Ne Multi-family - less than 10 units 1,338 C
2581 Spence Dr Ne Multi-family - less than 10 units 2,458 C
3180 Dixie Hwy Ne Office building, non-professional service building, one story 396 C
2560 Clinton Dr Ne Single Family 1,221 C
2534 Victoria Dr Ne Single Family 1,184 C
2570 Clinton Dr Ne Single Family 1,352 C
2550 Clinton Dr Ne Single Family 1,388 C
2518 Victoria Dr Ne Single Family 792 C
2550 Victoria Dr Ne Single Family 1,488 C
2502 Victoria Dr Ne Vacant Residential 0 L
2580 Clinton Dr Ne Government Undefined 0 L
2521 Clinton Dr Ne Single Family 720 C
2540 Clinton Dr Ne Single Family 686 C
2566 Victoria Dr Ne Single Family 1,230 C
2595 Spence Dr Ne Single Family 1,047 C
2530 Clinton Dr Ne Single Family 892 C
2582 Victoria Dr Ne Single Family 998 C
2304 Shenandoah Rd Ne Multi-family - less than 10 units 1,612 C
2308 Shenandoah Rd Ne Multi-family - less than 10 units 1,612 C
2300 Shenandoah Rd Ne Multi-family - less than 10 units 1,964 C
2561 Vernon Dr Ne Single Family 720 C
2520 Clinton Dr Ne Single Family 1,192 C
2551 Vernon Dr Ne Single Family 1,383 C
2598 Victoria Dr Ne Club, lodge or union hall 1,936 B
2571 Vernon Dr Ne Multi-family - less than 10 units 2,064 C
2312 Shenandoah Rd Ne Multi-family - less than 10 units 1,612 C
3200 Dixie Hwy Ne Store, one story 9,750 B
2541 Vernon Dr Ne Single Family 1,718 C
2517 Victoria Dr Ne Single Family 1,344 C

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
2502 Victoria Dr Ne .06 0 $79,000
2598 Victoria Dr Ne .08 1,936 $405,000
2814 Harbor City Blvd S .47 1,400 $629,000
2230 Monroe St Ne .5 2,496 $325,000
1780 Big Cypress St Ne 1.19 1,104 $200,000
1780 Live Oak St Ne 1.2 828 $129,900
4204 Canby Dr 1.34 2,306 $415,000
833 New Haven Ave E 1.44 8,109 $2,990,000
1005 Strawbridge Ave E 1.44 8,618 $1,995,000
308 Strawbridge Ave E 1.83 0 $539,000
1500 Main St Ne 1.84 11,200 $1,099,000
4927 Pinewood Dr Ne 1.85 1,036 $175,000
2179 Julian Ave Ne 1.98 1,870 $395,000
2061 Palm Bay Rd Ne 2.02 968 $300,000
4509 Babcock St Ne 2.06 3,676 $950,000

Local Household Income

The median household income in this part of Florida is $52,102. The bottom 10% of the population earn less than $18,452 per year. The top 10% earn more than $121,913 per year. The top 1% earn more than $336,928 per year. Most renters earn between $25,716 (20th percentile) and $40,716 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $104,204 and $130,255.

The tax assessed value of this property places it in percentile 27 of all properties in this area. This suggests it would appeal to someone earning around $31,849 per year who should qualify for a mortgage between $63,698 and $79,623.

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 $923. Most renters earn between $2,143 and $3,393 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $700 (20th percentile) to $1,197 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 27 of all properties in this area. This corresponds to a rent of $766 per month and a monthly household income of $2,262 ($27,144 per year)

Nearby Companies

Palm Harbor Associates, Inc.
3200 Dixie Highway Ne
Ndibai Foods LLC
3200 Dixie Highway Ne
The Honeycomb Fl, LLC
3200 Dixie Highway Ne
Pence South Brevard Sewer & Septic Tanks Ii, LLC
3160 Dixie Highway Ne
Pence Land Materials Ii, LLC
3160 Dixie Highway Ne
Forest Trace Titusville, LLC
3160 Dixie Highway Ne
S.E.H., Incorporated
3125 Dixie Hwy N E
Fox Lake Hammock, LLC
3160 Dixie Hwy Ne
Jrp Marine, LLC
3160 Dixie Hwy Ne
Malabar Preferred Communities Ii, LLC
3160 Dixie Hwy Ne
Rjp Development Company Ii, LLC
3160 Dixie Hwy Ne
Rp Land Company Ii, LLC
3160 Dixie Hwy Ne
Cbjr, LLC
3160 Dixie Hwy Ne
Lake Ridge Development Company Ii, LLC
3160 Dixie Hwy Ne
Minton Woods Development Company Ii, LLC
3160 Dixie Hwy Ne
Pence Investments Ii, LLC
3160 Dixie Hwy Ne
Parave Management, LLC
3160 Dixie Hwy Ne
Disclaimers and Disclosures

Public Records Data

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