457 Fitchburg St Sw, Palm Bay
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:
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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 | |
|---|---|---|---|---|
| 467 Fitchburg St Sw | Vacant Residential | 0 | C | |
| 447 Fitchburg St Sw | Single Family | 2,141 | B |
 |
| 456 Ocala St Sw | Single Family | 2,862 | B |
|
| 446 Ocala St Sw | Vacant Residential | 0 | C | |
| 466 Ocala St Sw | Vacant Residential | 0 | L | |
| 477 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 437 Fitchburg St Sw | Single Family | 1,840 | B |
|
| 442 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 450 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 434 Fitchburg St Sw | Single Family | 1,814 | B |
|
| 476 Ocala St Sw | Single Family | 1,858 | B |
|
| 436 Ocala St Sw | Single Family | 2,047 | B |
|
| 458 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 427 Fitchburg St Sw | Single Family | 2,039 | B |
|
| 426 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 486 Ocala St Sw | Vacant Residential | 0 | L | |
| 426 Ocala St Sw | Vacant Residential | 0 | L | |
| 487 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 466 Fitchburg St Sw | Single Family | 1,838 | B |
|
| 457 Ocala St Sw | Vacant Residential | 0 | L | |
| 443 Hammond St Sw | Vacant Residential | 0 | L | |
| 418 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 447 Ocala St Sw | Single Family | 2,020 | B |
|
| 467 Ocala St Sw | Vacant Residential | 0 | L | |
| 435 Hammond St Sw | Vacant Residential | 0 | L | |
| 417 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 459 Hammond St Sw | Single Family | 2,015 | B |
|
| 437 Ocala St Sw | Vacant Residential | 0 | L | |
| 477 Ocala St Sw | Single Family | 1,872 | B |
|
| 427 Hammond St Sw | Vacant Residential | 0 | L | |
| 416 Ocala St Sw | Single Family | 1,913 | B |
|
| 474 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 412 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 451 Hammond St Sw | Vacant Residential Land - Single Family Platted | 0 | L | |
| 467 Hammond St Sw | Single Family | 1,603 | B |
|
| 427 Ocala St Sw | Single Family | 1,587 | B |
|
| 487 Ocala St Sw | Single Family | 1,092 | B |
|
| 419 Hammond St Sw | Vacant Residential | 0 | L | |
| 407 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 406 Ocala St Sw | Vacant Residential | 0 | L | |
| 456 Ladyslipper St Sw | Single Family | 2,006 | B |
|
| 482 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 446 Ladyslipper St Sw | Single Family | 2,159 | B |
|
| 466 Ladyslipper St Sw | Single Family | 1,792 | B |
|
| 475 Hammond St Sw | Vacant Residential | 0 | L | |
| 417 Ocala St Sw | Vacant Residential | 0 | L | |
| 406 Fitchburg St Sw | Vacant Residential | 0 | L | |
| 413 Hammond St Sw | Single Family | 2,173 | B |
|
| 436 Ladyslipper St Sw | Vacant Residential | 0 | L |
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 401 Lamon St Sw | .31 | 0 | $49,900 | |
| 580 Olsmar St Sw | .38 | 0 | $149,000 | |
| 645 Hurricane St Sw | .48 | 0 | $22,500 | |
| 2777 Valentine Ave Sw | .54 | 0 | $24,000 | |
| 757 Sailboat St Sw | .55 | 0 | $29,750 | |
| 2791 Valentine Ave Sw | .55 | 0 | $24,000 | |
| 772 Sailboat St Sw | .57 | 0 | $50,000 | |
| 741 Hurricane St Sw | .57 | 0 | $29,750 | |
| 2814 Fleming Ave Sw | .63 | 0 | $35,000 | |
| 2392 Madden Ave Sw | .68 | 0 | $34,000 | |
| 827 Sailboat St Sw | .69 | 0 | $29,750 | |
| 2182 Day Ave Sw | .71 | 0 | $39,000 | |
| 843 Sailboat St Sw | .72 | 0 | $50,000 | |
| 132 Frazer St Sw | .72 | 0 | $45,000 | |
| 851 Sailboat St Sw | .74 | 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.
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%.