518 Picasso 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 | |
|---|---|---|---|---|
| 524 Picasso Ave Ne | Single Family | 1,666 | B |
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| 512 Picasso Ave Ne | Single Family | 1,565 | B |
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| 1498 Van Eck Rd Ne | Single Family | 1,715 | C |
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| 1482 Van Eck Rd Ne | Single Family | 1,320 | C |
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| 1500 Van Eck Rd Ne | Single Family | 998 | C |
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| 530 Picasso Ave Ne | Single Family | 1,688 | B |
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| 513 Picasso Ave Ne | Single Family | 2,120 | B |
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| 1467 Hyacinth St Ne | Single Family | 1,828 | B |
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| 525 Picasso Ave Ne | Single Family | 1,179 | C |
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| 1481 Hyacinth St Ne | Single Family | 1,555 | B |
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| 1510 Van Eck Rd Ne | Single Family | 1,620 | C |
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| 1466 Van Eck Rd Ne | Single Family | 2,223 | B |
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| 531 Picasso Ave Ne | Single Family | 1,330 | C |
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| 536 Picasso Ave Ne | Single Family | 1,257 | C |
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| 1453 Hyacinth St Ne | Single Family | 1,320 | C |
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| 1520 Van Eck Rd Ne | Single Family | 1,367 | B |
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| 1495 Hyacinth St Ne | Single Family | 1,574 | C |
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| 1481 Van Eck Rd Ne | Single Family | 1,907 | C |
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| 537 Picasso Ave Ne | Vacant Residential | 0 | L | |
| 1499 Van Eck Rd Ne | Single Family | 1,699 | B |
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| 482 Homestead Ave Ne | Single Family | 1,782 | B |
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| 542 Picasso Ave Ne | Single Family | 1,943 | B |
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| 1450 Van Eck Rd Ne | Single Family | 1,487 | C |
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| 1509 Van Eck Rd Ne | Single Family | 1,710 | B |
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| 490 Homestead Ave Ne | Vacant Residential | 0 | L | |
| 496 Picasso Ave Ne | Single Family | 1,735 | B |
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| 1439 Hyacinth St Ne | Single Family | 1,472 | C |
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| 495 Picasso Ave Ne | Single Family | 1,728 | C |
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| 1530 Van Eck Rd Ne | Single Family | 1,812 | B |
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| 1519 Van Eck Rd Ne | Single Family | 1,494 | C |
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| 1449 Van Eck Rd Ne | Vacant Residential | 0 | L | |
| 543 Picasso Ave Ne | Vacant Residential | 0 | L | |
| 498 Homestead Ave Ne | Single Family | 1,394 | C |
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| 1454 Hyacinth St Ne | Single Family | 1,248 | C |
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| 548 Picasso Ave Ne | Single Family | 1,566 | B |
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| 1496 Hyacinth St Ne | Single Family | 1,499 | B |
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| 1434 Van Eck Rd Ne | Single Family | 1,666 | B |
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| 1529 Van Eck Rd Ne | Single Family | 1,481 | B |
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| 1438 Norbert Rd Ne | Single Family | 1,539 | C |
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| 1425 Hyacinth St Ne | Single Family | 1,040 | C |
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| 1430 Norbert Rd Ne | Single Family | 1,888 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 1203 Linmoor Cir Ne | .53 | 1,320 | $350,000 |
|
| 1498 Norman St Ne | .69 | 0 | $99,800 | |
| 1215 Shell Ct Ne | .7 | 960 | $139,900 |
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| 1664 Sunny Brook Ln Ne | .99 | 914 | $225,000 |
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| 302 Arapahoe Ln Ne | 1.36 | 1,662 | $335,000 |
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| 1491 Emerson Dr Ne | 1.43 | 1,734 | $799,000 |
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| 2264 Ladner Rd Ne | 1.48 | 0 | $49,900 | |
| 1294 Cimarron Cir Ne | 1.5 | 1,950 | $424,900 |
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| 656 Delmonico St Ne | 1.62 | 0 | $389,900 | |
| 880 Malabar Rd | 1.63 | 900 | $1,500,000 |
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| 1139 Brickell St Se | 1.92 | 1,444 | $300,000 |
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| 492 Eldron Blvd Ne | 2.1 | 1,756 | $340,000 |
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| 1333 Talleyrand St Se | 2.1 | 0 | $39,000 | |
| 1323 Talleyrand St Se | 2.1 | 0 | $39,000 | |
| 789 Duncan Rd Se | 2.14 | 0 | $50,000 | |
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 55 of all properties in this area. This suggests it would appeal to someone earning around $56,676 per year who should qualify for a mortgage between $113,352 and $141,690.
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 55 of all properties in this area. This corresponds to a rent of $963 per month and a monthly household income of $2,781 ($33,372 per year)
Nearby Companies
482 Homestead Ave
482 Homestead Ave
502 Homestead Ave Ne
518 Picasso Ave