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:

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 
456 Almansa St Ne Vacant Residential 0 L
446 Almansa St Ne Single Family 1,808 B
440 Almansa St Ne Single Family 2,020 B
460 Almansa St Ne Single Family 904 C
451 Almansa St Ne Single Family 1,649 B
481 Brookedge St Ne Vacant Residential 0 L
457 Almansa St Ne Single Family 1,443 C
489 Brookedge St Ne Single Family 1,365 B
473 Brookedge St Ne Single Family 0 B
441 Almansa St Ne Single Family 1,556 B
461 Almansa St Ne Single Family 2,247 B
497 Brookedge St Se Single Family 1,303 B
465 Brookedge St Ne Single Family 1,398 B
436 Almansa St Ne Single Family 1,761 B
467 Almansa St Ne Vacant Residential 0 L
457 Brookedge St Ne Single Family 1,192 B
437 Almansa St Ne Single Family 1,032 C
450 Binney St Ne Single Family 1,650 B
446 Binney St Ne Vacant Residential 0 L
456 Binney St Ne Single Family 1,264 B
430 Almansa St Ne Single Family 1,558 B
460 Binney St Ne Single Family 1,050 C
440 Binney St Ne Vacant Residential 0 L
194 Oakcrest Ave Ne Single Family 1,447 C
488 Brookedge St Ne Single Family 912 C
471 Almansa St Ne Single Family 2,419 B
431 Almansa St Ne Vacant Residential 0 L
449 Brookedge St Ne Single Family 1,190 B
466 Binney St Ne Single Family 1,378 B
436 Binney St Ne Single Family 2,008 B
195 Frante Ave Ne Single Family 2,238 B
426 Almansa St Ne Single Family 1,212 B
496 Brookedge St Ne Single Family 910 C
188 Oakcrest Ave Ne Single Family 1,320 C
189 Oakcrest Ave Ne Single Family 1,140 C
427 Almansa St Ne Single Family 1,646 B
477 Almansa St Ne Single Family 1,347 C
441 Brookedge St Ne Single Family 1,574 B
470 Binney St Ne Single Family 1,792 B
430 Binney St Ne Vacant Residential 0 L
189 Frante Ave Ne Single Family 2,032 C
451 Binney St Ne Single Family 1,494 B
420 Almansa St Ne Single Family 2,141 B
447 Binney St Ne Single Family 1,680 B

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
203 Eldron Blvd Ne .21 0 $67,000
656 Delmonico St Ne .39 0 $389,900
126 Deauville Ave Se .63 0 $55,000
302 Arapahoe Ln Ne .68 1,662 $335,000
236 Santo Domingo Ave Sw 1.16 0 $49,900
1215 Shell Ct Ne 1.36 960 $139,900
581 Andrew St Se 1.44 0 $35,000
771 Everglade Ave Se 1.67 0 $59,900
346 Triana Ave Sw 1.74 0 $349,900
967 Armstrong Rd Se 1.75 0 $59,900
961 Armstrong Rd Se 1.76 0 $59,900
1139 Brickell St Se 1.84 1,444 $300,000
433 Harrington St Sw 1.91 0 $349,900
328 Danis Rd Sw 1.92 0 $59,000
789 Duncan Rd Se 1.94 0 $50,000

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 49 of all properties in this area. This suggests it would appeal to someone earning around $64,886 per year who should qualify for a mortgage between $129,772 and $162,215.

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 49 of all properties in this area. This corresponds to a rent of $840 per month and a monthly household income of $3,110 ($37,320 per year)

Nearby Companies

Gaitley Gus Enterprises LLC
488 Brookedge St Ne
Disclaimers and Disclosures

Public Records Data

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