Brevard County Real Estate - Malabar

Malabar is a small town located south of Palm Bay in Brevard County, Florida. Established in 1883 and incorporated in 1962, Malabar is known for its old-Florida atmosphere and semi-rural environment.

Malabar is in East Central Florida. It's population as recorded in the 2010 Census was 2,757. Malabar is approximately 52 miles from Port Saint Lucie (population 164,603) and around 3 miles from Palm Bay (population 103,190).

The median age for residents of Malabar is 50. Around 25.1% of Malabar households include school aged children and 32.4% of households include individuals aged 65 years or over. Census records indicate 91.6% of the Malabar population are White, 3.8% are Black or African American, .4% American Indian, .9% Asian and 2.4% are Two or more Races.

There are 1,239 housing units in Malabar. 115 (9.2%) of these were reported as vacant in the 2010 Census. Malabar is a tourist destination, 36.5% (42) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 128 residential rental units in Malabar. 111 of them were occupied in 2010 providing a residential rental vacancy rate of 12.5%.

Malabar 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 
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,875 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,875 A
3220 River Villa Way Condominium 1,875 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,875 A
3220 River Villa Way Condominium 1,875 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,875 A
3220 River Villa Way Condominium 1,875 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,875 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,375 A
3220 River Villa Way Condominium 1,875 A
3220 River Villa Way Condominium 1,875 A
3220 River Villa Way Condominium 2,040 A
3220 River Villa Way Condominium 2,040 A
3220 River Villa Way Condominium 2,040 A
3220 River Villa Way Condominium 1,375 A

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
3140 Highway A1a .27 1,515 $899,000
2990 Highway A1a .65 3,072 $1,299,000
4845 Dixie Hwy Ne 1.75 4,188 $5,999,982
4720 Dixie Hwy Ne 1.81 2,672 $1,399,000
1280 Highway 1 2.08 3,209 $1,700,000
3112 Tangelo Dr Ne 2.09 1,008 $159,900
925 Abeto St Ne 2.13 1,092 $299,900
2971 Indian River Dr Ne 2.18 672 $158,000
3079 Indian River Dr Ne 2.18 672 $129,500
915 Bianca Dr Ne 2.2 801 $275,000
1181 Daytona Dr Ne 2.37 1,092 $284,000
1198 Ver Cir Ne 2.47 0 $50,000
1500 Main St Ne 2.48 11,200 $1,099,000
1194 Ver Cir Ne 2.49 0 $415,000
3080 New Jersey Ave 2.78 1,301 $900,000

Local Household Income

The median household income in this part of Florida is $72,768. The bottom 10% of the population earn less than $23,880 per year. The top 10% earn more than $187,088 per year. The top 1% earn more than $641,838 per year. Most renters earn between $33,936 (20th percentile) and $61,692 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $145,536 and $181,920.

The tax assessed value of this property places it in percentile 64 of all properties in this area. This suggests it would appeal to someone earning around $97,732 per year who should qualify for a mortgage between $195,464 and $244,330.

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 $1,015. Most renters earn between $2,828 and $5,141 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $738 (20th percentile) to $1,432 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 64 of all properties in this area. This corresponds to a rent of $1,160 per month and a monthly household income of $4,320 ($51,840 per year)

Nearby Companies

W.J. Mildner & Associates Inc.
3220 River Villa Way
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.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.