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 
908 Coquina St Se Vacant Residential 0 L
918 Coquina St Se Vacant Residential 0 L
926 Coquina St Se Single Family 1,320 C
904 Coquina St Se Single Family 1,219 B
907 Coquina St Se Single Family 1,568 B
913 Coquina St Se Single Family 1,747 B
901 Coquina St Se Single Family 1,298 B
927 Brickell St Se Single Family 1,484 B
935 Brickell St Se Vacant Residential 0 L
934 Coquina St Se Vacant Residential 0 L
919 Brickell St Se Single Family 1,608 C
927 Coquina St Se Vacant Residential 0 L
943 Brickell St Se Vacant Residential 0 L
900 Coquina St Se Vacant Residential 0 L
912 Algardi St Se Single Family 1,261 C
906 Algardi St Se Single Family 1,941 B
951 Brickell St Se Single Family 1,641 B
918 Algardi St Se Vacant Residential 0 L
907 Brickell St Se Single Family 1,824 B
942 Coquina St Se Single Family 1,482 C
598 Cheltenham Ave Se Vacant Residential 0 L
900 Algardi St Se Single Family 2,118 B
943 Coquina St Se Single Family 1,712 C
926 Algardi St Se Vacant Residential 0 L
586 Cheltenham Ave Se Single Family 1,240 C
959 Brickell St Se Vacant Residential 0 L
702 Ashley Ave Se Vacant Residential 0 L
934 Algardi St Se Vacant Residential 0 L
950 Coquina St Se Single Family 1,858 B
901 Brickell St Se Vacant Residential 0 L
574 Cheltenham Ave Se Vacant Residential 0 L
918 Brickell St Se Vacant Residential 0 L
591 Dream Ave Se Vacant Residential 0 L
967 Brickell St Se Vacant Residential 0 L
912 Brickell St Se Single Family 1,372 B
898 Lilac St Se Single Family 1,754 B
942 Algardi St Se Single Family 0 B
951 Coquina St Se Vacant Residential 0 L
562 Cheltenham Ave Se Vacant Residential 0 L
581 Dream Ave Se Single Family 1,560 B
913 Algardi St Se Single Family 1,410 C
907 Algardi St Se Single Family 1,943 B
958 Coquina St Se Single Family 1,088 C
899 Brickell St Se Vacant Residential 0 L
906 Brickell St Se Vacant Residential 0 L
714 Ashley Ave Se Single Family 1,341 C
919 Algardi St Se Vacant Residential 0 L

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
967 Armstrong Rd Se .16 0 $59,900
961 Armstrong Rd Se .18 0 $59,900
789 Duncan Rd Se .36 0 $50,000
771 Everglade Ave Se .59 0 $59,900
581 Andrew St Se .68 0 $35,000
1323 Talleyrand St Se .85 0 $39,000
1333 Talleyrand St Se .87 0 $39,000
679 Airoso Rd Se .97 0 $341,990
660 Merrimac St Se 1.12 0 $399,900
926 Commerce Rd Se 1.24 1,480 $305,500
302 Arapahoe Ln Ne 1.3 1,662 $335,000
1001 Sablon St Se 1.4 0 $334,750
1215 Shell Ct Ne 1.47 960 $139,900
656 Delmonico St Ne 1.52 0 $389,900
203 Eldron Blvd Ne 1.57 0 $67,000

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.

The tax assessed value of this property places it in percentile 14 of all properties in this area. This suggests it would appeal to someone earning around $27,736 per year who should qualify for a mortgage between $55,472 and $69,340.

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%.

This property falls in percentile 14 of all properties in this area. This corresponds to a rent of $538 per month and a monthly household income of $2,193 ($26,316 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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