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 
476 Picasso Ave Ne Single Family 1,212 B
496 Picasso Ave Ne Single Family 1,735 B
497 Riley Ave Ne Single Family 1,603 B
1454 Hyacinth St Ne Single Family 1,248 C
466 Picasso Ave Ne Single Family 1,166 C
485 Picasso Ave Ne Single Family 1,644 B
495 Picasso Ave Ne Single Family 1,728 C
481 Riley Ave Ne Single Family 1,997 B
475 Picasso Ave Ne Single Family 1,262 B
1440 Hyacinth St Ne Single Family 1,176 C
1495 Pixie St Ne Single Family 1,315 C
456 Picasso Ave Ne Vacant Residential 0 L
465 Picasso Ave Ne Single Family 1,075 C
1467 Hyacinth St Ne Single Family 1,828 B
465 Riley Ave Ne Single Family 1,588 C
1426 Hyacinth St Ne Single Family 1,725 B
1496 Hyacinth St Ne Single Family 1,499 B
458 Homestead Ave Ne Single Family 1,176 C
1481 Hyacinth St Ne Single Family 1,555 B
1453 Hyacinth St Ne Single Family 1,320 C
450 Homestead Ave Ne Single Family 1,075 C
455 Picasso Ave Ne Single Family 1,210 C
446 Picasso Ave Ne Single Family 1,491 C
1494 Pixie St Ne Single Family 1,446 B
1455 Pixie St Ne Single Family 1,778 C
1439 Hyacinth St Ne Single Family 1,472 C
449 Riley Ave Ne Single Family 1,994 B
442 Homestead Ave Ne Single Family 1,476 B
512 Picasso Ave Ne Single Family 1,565 B
1412 Hyacinth St Ne Vacant Residential 0 L
1495 Hyacinth St Ne Single Family 1,574 C
464 Riley Ave Ne Single Family 1,632 B
513 Picasso Ave Ne Single Family 2,120 B
1425 Hyacinth St Ne Single Family 1,040 C
445 Picasso Ave Ne Single Family 1,320 C
434 Homestead Ave Ne Single Family 1,440 B
436 Picasso Ave Ne Single Family 1,639 C
1466 Van Eck Rd Ne Single Family 2,223 B
463 Nogales Ave Ne Single Family 1,247 C
433 Riley Ave Ne Single Family 1,320 C

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
1203 Linmoor Cir Ne .51 1,320 $350,000
1498 Norman St Ne .61 0 $99,800
1215 Shell Ct Ne .63 960 $139,900
1664 Sunny Brook Ln Ne 1.07 914 $225,000
302 Arapahoe Ln Ne 1.31 1,662 $335,000
2264 Ladner Rd Ne 1.49 0 $49,900
1294 Cimarron Cir Ne 1.58 1,950 $424,900
656 Delmonico St Ne 1.58 0 $389,900
880 Malabar Rd 1.62 900 $1,500,000
1139 Brickell St Se 1.84 1,444 $300,000
1333 Talleyrand St Se 2.02 0 $39,000
1323 Talleyrand St Se 2.02 0 $39,000
789 Duncan Rd Se 2.06 0 $50,000
967 Armstrong Rd Se 2.07 0 $59,900
961 Armstrong Rd Se 2.09 0 $59,900

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 70 of all properties in this area. This suggests it would appeal to someone earning around $75,534 per year who should qualify for a mortgage between $151,068 and $188,835.

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 70 of all properties in this area. This corresponds to a rent of $1,071 per month and a monthly household income of $2,994 ($35,928 per year)

Nearby Companies

R & R Management, Inc.
482 Homestead Ave
R. Santos Inc.
482 Homestead Ave
John Lanssens Services LLC
518 Picasso Ave
Disclaimers and Disclosures

Public Records Data

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