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 
2113 Greyfield St Ne Single Family 1,558 B
2108 Fallon Blvd Ne Single Family 1,509 B
2116 Fallon Blvd Ne Single Family 1,470 C
2100 Greyfield St Ne Single Family 1,176 C
2125 Greyfield St Ne Single Family 1,268 C
490 Georges Ave Ne Single Family 1,152 C
470 Georges Ave Ne Single Family 1,512 C
2124 Fallon Blvd Ne Single Family 1,881 B
2114 Greyfield St Ne Single Family 2,083 B
480 Georges Ave Ne Vacant Residential 1,673 L
460 Georges Ave Ne Single Family 2,248 B
2137 Greyfield St Ne Single Family 1,521 B
451 Georges Ave Ne Vacant Residential 0 L
2126 Greyfield St Ne Single Family 1,410 B
2132 Fallon Blvd Ne Single Family 900 C
491 Buffum Ave Ne Single Family 2,256 B
471 Buffum Ave Ne Single Family 1,378 B
450 Georges Ave Ne Single Family 961 C
499 Buffum Ave Ne Single Family 1,820 B
2149 Greyfield St Ne Single Family 1,872 B
2138 Greyfield St Ne Single Family 1,741 B
2107 Fallon Blvd Ne Single Family 1,156 C
441 Georges Ave Ne Single Family 1,220 B
2115 Fallon Blvd Ne Vacant Residential 0 L
461 Buffum Ave Ne Single Family 1,753 B
2140 Fallon Blvd Ne Single Family 1,407 C
2097 Fallon Blvd Ne Single Family 1,222 C
2123 Fallon Blvd Ne Vacant Residential 0 L
440 Georges Ave Ne Single Family 1,208 C
2085 Fallon Blvd Ne Single Family 1,743 B
451 Buffum Ave Ne Single Family 1,410 B
2131 Fallon Blvd Ne Vacant Residential 0 L
2161 Greyfield St Ne Single Family 2,020 B
431 Georges Ave Ne Single Family 1,344 C
2154 Fallon Blvd Ne Single Family 1,224 B
2073 Fallon Blvd Ne Single Family 1,499 B
2095 Dogwood St Ne Single Family 1,714 B
2139 Fallon Blvd Ne Vacant Residential 0 L
441 Buffum Ave Ne Single Family 1,410 B
430 Georges Ave Ne Single Family 1,632 C
2048 Fallon Blvd Ne Single Family 1,939 B
456 Dunbar Ave Ne Undefined - Reserved for Use by Department of Revenue 0 L
460 Buffum Ave Ne Single Family 1,316 C
2061 Fallon Blvd Ne Single Family 1,157 C

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
2264 Ladner Rd Ne .43 0 $49,900
880 Malabar Rd .73 900 $1,500,000
1495 Absaroka Ln 1.2 0 $220,000
1498 Norman St Ne 1.25 0 $99,800
1664 Sunny Brook Ln Ne 1.29 914 $225,000
1632 Sunny Brook Ln Ne 1.36 840 $175,000
1572 Malabar Rd 1.39 0 $295,000
1294 Cimarron Cir Ne 1.45 1,950 $424,900
1203 Linmoor Cir Ne 1.62 1,320 $350,000
1215 Shell Ct Ne 1.71 960 $139,900
1194 Ver Cir Ne 1.97 0 $415,000
1181 Daytona Dr Ne 1.98 1,092 $284,000
925 Abeto St Ne 2.16 1,092 $299,900
4927 Pinewood Dr Ne 2.2 1,036 $175,000
3079 Indian River Dr Ne 2.34 672 $129,500

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 78 of all properties in this area. This suggests it would appeal to someone earning around $88,340 per year who should qualify for a mortgage between $176,680 and $220,850.

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 78 of all properties in this area. This corresponds to a rent of $1,161 per month and a monthly household income of $3,262 ($39,144 per year)

Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

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