4045 Wilkes Dr, 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:
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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 | |
|---|---|---|---|---|
| 4049 Wilkes Dr | Single Family | 1,911 | B |
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| 4041 Wilkes Dr | Single Family | 1,911 | B |
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| 4053 Wilkes Dr | Single Family | 1,911 | B |
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| 4037 Wilkes Dr | Single Family | 1,510 | B |
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| 4057 Wilkes Dr | Single Family | 1,911 | B |
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| 4046 Wilkes Dr | Single Family | 1,911 | B |
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| 4009 Wilkes Dr | Single Family | 1,911 | B |
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| 4042 Wilkes Dr | Single Family | 1,766 | B |
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| 4050 Wilkes Dr | Single Family | 1,911 | B |
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| 4038 Wilkes Dr | Single Family | 1,911 | B |
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| 4054 Wilkes Dr | Single Family | 1,911 | B |
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| 4005 Wilkes Dr | Single Family | 1,908 | B |
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| 4061 Wilkes Dr | Single Family | 1,911 | B |
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| 4034 Wilkes Dr | Single Family | 1,911 | B |
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| 4058 Wilkes Dr | Single Family | 1,911 | B |
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| 4001 Wilkes Dr | Single Family | 1,905 | B |
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| 4062 Wilkes Dr | Single Family | 1,911 | B |
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| 4065 Wilkes Dr | Single Family | 1,911 | B |
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| 4030 Wilkes Dr | Single Family | 1,911 | B |
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| 3997 Wilkes Dr | Single Family | 1,612 | B |
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| 4066 Wilkes Dr | Single Family | 1,911 | B |
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| 4018 Wilkes Dr | Single Family | 1,612 | B |
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| 4014 Wilkes Dr | Single Family | 1,911 | B |
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| 4069 Wilkes Dr | Single Family | 1,911 | B |
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| 4010 Wilkes Dr | Single Family | 1,280 | B |
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| 4026 Wilkes Dr | Single Family | 1,911 | B |
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| 4022 Wilkes Dr | Single Family | 1,911 | B |
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| 4006 Wilkes Dr | Single Family | 1,766 | B |
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| 4070 Wilkes Dr | Single Family | 1,280 | B |
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| 4054 Marlberry Ln | Single Family | 1,164 | B |
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| 4002 Wilkes Dr | Single Family | 1,510 | B |
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| 4050 Marlberry Ln | Single Family | 1,013 | B |
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| 4073 Wilkes Dr | Single Family | 1,911 | B |
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| 4046 Marlberry Ln | Single Family | 1,046 | B |
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| 4074 Wilkes Dr | Single Family | 1,911 | B |
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| 3937 Bayberry Dr | Single Family | 1,013 | B |
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| 4042 Marlberry Ln | Single Family | 1,044 | B |
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| 3941 Bayberry Dr | Single Family | 1,013 | B |
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| 3933 Bayberry Dr | Single Family | 1,046 | B |
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| 531 Melanie Cir | Single Family | 1,612 | B |
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| 3929 Bayberry Dr | Single Family | 1,566 | B |
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| 4077 Wilkes Dr | Single Family | 1,911 | B |
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| 3945 Bayberry Dr | Single Family | 1,013 | B |
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| 527 Melanie Cir | Single Family | 1,911 | B |
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| 4078 Wilkes Dr | Single Family | 1,911 | B |
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| 4038 Marlberry Ln | Single Family | 1,282 | B |
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| 3925 Bayberry Dr | Single Family | 1,164 | B |
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| 523 Melanie Cir | Single Family | 1,911 | B |
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| 3949 Bayberry Dr | Single Family | 1,102 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 3848 Town Square Blvd | .22 | 1,216 | $295,000 |
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| 603 Heming Way | .35 | 0 | $414,700 | |
| 4927 Pinewood Dr Ne | 1.09 | 1,036 | $175,000 |
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| 4204 Canby Dr | 1.29 | 2,306 | $415,000 |
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| 1294 Cimarron Cir Ne | 1.6 | 1,950 | $424,900 |
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| 1780 Live Oak St Ne | 1.78 | 828 | $129,900 |
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| 1664 Sunny Brook Ln Ne | 1.79 | 914 | $225,000 |
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| 2230 Monroe St Ne | 1.81 | 2,496 | $325,000 |
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| 1780 Big Cypress St Ne | 1.83 | 1,104 | $200,000 |
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| 615 Sedgewood Cir | 1.83 | 1,378 | $325,000 |
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| 111 New Haven Ave W | 2.08 | 3,150 | $865,000 |
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| 1932 Abington Dr | 2.13 | 1,440 | $379,000 |
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| 900 New Haven Ave W | 2.14 | 3,126 | $880,000 |
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| 2502 Victoria Dr Ne | 2.22 | 0 | $79,000 | |
| 2814 Harbor City Blvd S | 2.22 | 1,400 | $629,000 |
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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 83 of all properties in this area. This suggests it would appeal to someone earning around $100,118 per year who should qualify for a mortgage between $200,236 and $250,295.
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 83 of all properties in this area. This corresponds to a rent of $1,252 per month and a monthly household income of $3,509 ($42,108 per year)