3150 Papaya Ave 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 | |
|---|---|---|---|---|
| 3158 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3142 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3151 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3143 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3159 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3166 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3151 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3159 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3143 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3126 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3135 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3167 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3167 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3135 Papaya Ave Sw | Single Family | 2,020 | B |
 |
| 3174 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3127 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3175 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3175 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3127 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3150 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3142 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3158 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3182 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3118 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3134 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3166 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3119 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3183 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3183 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3119 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3126 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3174 Metcalf Ave Sw | Single Family | 1,518 | B |
|
| 3112 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3190 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3113 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3191 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3151 Sage Ave Sw | Vacant Residential | 0 | L | |
| 3143 Sage Ave Sw | Vacant Residential | 0 | L | |
| 3159 Sage Ave Sw | Vacant Residential | 0 | L | |
| 3191 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3118 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3182 Metcalf Ave Sw | Vacant Residential | 0 | L | |
| 3135 Sage Ave Sw | Vacant Residential | 0 | L | |
| 3167 Sage Ave Sw | Vacant Residential | 0 | L | |
| 3113 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3106 Papaya Ave Sw | Vacant Residential | 0 | L | |
| 3127 Sage Ave Sw | Vacant Residential | 0 | L | |
| 3175 Sage Ave Sw | Vacant Residential | 0 | L |
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 3159 Papaya Ave Sw | .04 | 0 | $24,500 | |
| 3159 Sage Ave Sw | .08 | 0 | $29,900 | |
| 878 Wren St Sw | .14 | 0 | $24,900 | |
| 757 Sandlewood St Sw | .17 | 0 | $39,500 | |
| 870 Kimberly Rd Sw | .18 | 0 | $50,000 | |
| 590 St Andre Blvd Sw | .47 | 0 | $45,000 | |
| 642 Treasure Cove St Sw | .5 | 0 | $27,000 | |
| 1043 Totenko St Sw | .52 | 0 | $22,500 | |
| 1080 Echinata St Sw | .66 | 0 | $15,000 | |
| 782 Sandpiper St Sw | .66 | 0 | $50,000 | |
| 448 St Andre Blvd Sw | .76 | 0 | $400,000 | |
| 2814 Fleming Ave Sw | .85 | 0 | $35,000 | |
| 881 Yellowtail St Sw | .89 | 0 | $50,000 | |
| 3150 Lakeland Ave Sw | .9 | 0 | $31,000 | |
| 856 Starfish St Sw | .94 | 0 | $30,000 | |
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%.