1078 Hooper Ave 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
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 1086 Hooper Ave Ne | Single Family | 1,236 | C |
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| 1070 Hooper Ave Ne | Single Family | 1,264 | C |
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| 1094 Hooper Ave Ne | Single Family | 1,176 | C |
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| 1062 Hooper Ave Ne | Single Family | 1,388 | C |
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| 1079 Hooper Ave Ne | Single Family | 888 | C |
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| 1087 Hooper Ave Ne | Single Family | 912 | C |
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| 1071 Hooper Ave Ne | Single Family | 1,176 | C |
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| 1100 Hooper Ave Ne | Single Family | 1,557 | C |
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| 1095 Hooper Ave Ne | Single Family | 918 | C |
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| 1063 Hooper Ave Ne | Single Family | 920 | C |
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| 1054 Hooper Ave Ne | Single Family | 918 | C |
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| 1498 Salem St Ne | Single Family | 1,203 | C |
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| 3512 Tree Ridge Ln Ne | Single Family | 1,170 | C |
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| 3511 Tree Ridge Ln Ne | Single Family | 1,140 | C |
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| 3514 Tree Ridge Ln Ne | Single Family | 1,170 | C |
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| 3513 Tree Ridge Ln Ne | Single Family | 1,170 | C |
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| 3515 Tree Ridge Ln Ne | Single Family | 1,170 | C |
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| 3516 Tree Ridge Ln Ne | Single Family | 1,170 | C |
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| 1101 Hooper Ave Ne | Single Family | 1,464 | C |
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| 1055 Hooper Ave Ne | Single Family | 2,046 | B |
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| 1112 Hooper Ave Ne | Single Family | 1,346 | C |
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| 1496 Salem St Ne | Single Family | 1,183 | C |
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| 1046 Hooper Ave Ne | Single Family | 1,376 | C |
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| 3723 Tree Ridge Ln Ne | Multi-family - less than 10 units | 3,480 | C |
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| 3711 Tree Ridge Ln Ne | Multi-family - less than 10 units | 3,480 | C |
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| 3721 Tree Ridge Ln Ne | Multi-family - less than 10 units | 3,480 | C |
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| 3713 Tree Ridge Ln Ne | Multi-family - less than 10 units | 3,480 | C |
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| 1113 Hooper Ave Ne | Single Family | 1,236 | C |
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| 1111 Cotton Rd Ne | Single Family | 1,094 | B |
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| 1047 Hooper Ave Ne | Single Family | 888 | C |
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| 1124 Hooper Ave Ne | Single Family | 1,190 | C |
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| 1043 Cromey Rd Ne | Single Family | 1,593 | C |
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| 1478 Salem St Ne | Single Family | 1,314 | C |
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| 1051 Cromey Rd Ne | Single Family | 1,689 | C |
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| 3921 Tree Ridge Ln Ne | Multi-family - less than 10 units | 3,480 | C |
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| 3911 Tree Ridge Ln Ne | Multi-family - less than 10 units | 3,480 | C |
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| 3923 Tree Ridge Ln Ne | Multi-family - less than 10 units | 3,480 | C |
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| 3121 Tree Ridge Ln Ne | Multi-family - less than 10 units | 3,480 | C |
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| 3113 Tree Ridge Ln Ne | Multi-family - less than 10 units | 3,480 | C |
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| 3111 Tree Ridge Ln Ne | Multi-family - less than 10 units | 3,480 | C |
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| 3123 Tree Ridge Ln Ne | Multi-family - less than 10 units | 3,480 | C |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 1664 Sunny Brook Ln Ne | .29 | 914 | $225,000 |
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| 1294 Cimarron Cir Ne | .7 | 1,950 | $424,900 |
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| 1203 Linmoor Cir Ne | 1.23 | 1,320 | $350,000 |
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| 4927 Pinewood Dr Ne | 1.25 | 1,036 | $175,000 |
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| 603 Heming Way | 1.32 | 0 | $414,700 | |
| 1215 Shell Ct Ne | 1.57 | 960 | $139,900 |
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| 1498 Norman St Ne | 1.76 | 0 | $99,800 | |
| 3848 Town Square Blvd | 1.82 | 1,216 | $295,000 |
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| 2264 Ladner Rd Ne | 1.97 | 0 | $49,900 | |
| 1780 Live Oak St Ne | 2.02 | 828 | $129,900 |
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| 302 Arapahoe Ln Ne | 2.03 | 1,662 | $335,000 |
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| 1780 Big Cypress St Ne | 2.05 | 1,104 | $200,000 |
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| 656 Delmonico St Ne | 2.15 | 0 | $389,900 | |
| 1491 Emerson Dr Ne | 2.21 | 1,734 | $799,000 |
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| 880 Malabar Rd | 2.27 | 900 | $1,500,000 |
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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 28 of all properties in this area. This suggests it would appeal to someone earning around $32,564 per year who should qualify for a mortgage between $65,128 and $81,410.
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 28 of all properties in this area. This corresponds to a rent of $775 per month and a monthly household income of $2,291 ($27,492 per year)