918 Bimini Ave, Melbourne
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 | |
|---|---|---|---|---|
| 926 Bimini Ave | Single Family | 1,038 | B |
 |
| 906 Bimini Ave | Single Family | 1,036 | B |
|
| 934 Bimini Ave | Single Family | 1,026 | B |
|
| 900 Bimini Ave | Single Family | 1,212 | B |
|
| 942 Bimini Ave | Single Family | 1,160 | B |
|
| 901 Bimini Ave | Single Family | 1,040 | B |
|
| 3791 Largo Dr | Vacant Residential | 0 | L | |
| 3781 Largo Dr | Single Family | 1,960 | B |
|
| 925 Bimini Ave | Single Family | 1,312 | B |
|
| 907 Bimini Ave | Single Family | 1,317 | B |
|
| 917 Bimini Ave | Single Family | 1,168 | B |
|
| 933 Bimini Ave | Vacant Residential | 0 | L | |
| 950 Bimini Ave | Single Family | 1,168 | B |
|
| 941 Bimini Ave | Single Family | 1,245 | B |
|
| 949 Bimini Ave | Single Family | 1,024 | B |
|
| 921 Benton Dr | Single Family | 1,720 | B |
|
| 4102 Collinwood Dr | Single Family | 1,685 | B |
|
| 3751 Largo Dr | Single Family | 1,957 | B |
|
| 911 Benton Dr | Single Family | 1,957 | B |
|
| 4112 Collinwood Dr | Single Family | 1,957 | B |
|
| 957 Bimini Ave | Single Family | 1,236 | B |
|
| 965 Bimini Ave | Single Family | 1,240 | B |
|
| 989 Bimini Ave | Single Family | 1,902 | B |
|
| 997 Bimini Ave | Single Family | 1,168 | B |
|
| 3741 Largo Dr | Single Family | 1,661 | B |
|
| 973 Bimini Ave | Single Family | 1,168 | B |
|
| 981 Bimini Ave | Single Family | 1,694 | B |
|
| 4103 Collinwood Dr | Single Family | 1,957 | B |
|
| 901 Benton Dr | Single Family | 1,772 | B |
|
| 823 Barbados Ave | Single Family | 1,086 | C |
|
| 4122 Collinwood Dr | Single Family | 1,706 | B |
|
| 815 Barbados Ave | Single Family | 1,168 | B |
|
| 827 Barbados Ave | Single Family | 933 | C |
|
| 795 Russo Dr | Single Family | 2,310 | B |
|
| 3731 Largo Dr | Single Family | 2,298 | B |
|
| 4123 Collinwood Dr | Single Family | 1,706 | B |
|
| 891 Benton Dr | Single Family | 1,706 | B |
|
| 4132 Collinwood Dr | Single Family | 1,706 | B |
|
| 831 Barbados Ave | Single Family | 1,495 | C |
|
| 809 Barbados Ave | Single Family | 1,284 | B |
|
| 3721 Largo Dr | Single Family | 1,706 | B |
|
| 4180 Bahama Ave | Single Family | 1,474 | B |
|
| 4133 Collinwood Dr | Single Family | 1,706 | B |
|
| 4170 Bahama Ave | Single Family | 1,054 | B |
|
| 785 Russo Dr | Vacant Residential | 0 | L |
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 4204 Canby Dr | .18 | 2,306 | $415,000 |
|
| 1780 Live Oak St Ne | .46 | 828 | $129,900 |
|
| 1780 Big Cypress St Ne | .5 | 1,104 | $200,000 |
|
| 2230 Monroe St Ne | .67 | 2,496 | $325,000 |
|
| 4927 Pinewood Dr Ne | .69 | 1,036 | $175,000 |
|
| 2502 Victoria Dr Ne | 1.14 | 0 | $79,000 | |
| 3848 Town Square Blvd | 1.32 | 1,216 | $295,000 |
|
| 2814 Harbor City Blvd S | 1.38 | 1,400 | $629,000 |
|
| 1294 Cimarron Cir Ne | 1.39 | 1,950 | $424,900 |
|
| 603 Heming Way | 1.52 | 0 | $414,700 | |
| 1500 Main St Ne | 1.62 | 11,200 | $1,099,000 |
|
| 1632 Sunny Brook Ln Ne | 1.88 | 840 | $175,000 |
|
| 1664 Sunny Brook Ln Ne | 1.9 | 914 | $225,000 |
|
| 1194 Ver Cir Ne | 1.98 | 0 | $415,000 | |
| 2971 Indian River Dr Ne | 2.05 | 672 | $158,000 |
|
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 58 of all properties in this area. This suggests it would appeal to someone earning around $60,134 per year who should qualify for a mortgage between $120,268 and $150,335.
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 58 of all properties in this area. This corresponds to a rent of $981 per month and a monthly household income of $2,813 ($33,756 per year)
Nearby Companies
775 Russo Dr
775 Russo Dr
4132 Collinwood Dr
4122 Collinwood Dr
4133 Collinwood Dr