281 Cocoa St Se, Palm Bay
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:
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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 | |
|---|---|---|---|---|
| 271 Cocoa St Se | Single Family | 960 | C |
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| 798 Hernandes Ave Se | Single Family | 1,480 | C |
|
| 786 Hernandes Ave Se | Vacant Residential | 0 | L | |
| 261 Cocoa St Se | Single Family | 960 | C |
|
| 298 Cameron St Se | Single Family | 2,757 | B |
|
| 272 Cocoa St Se | Single Family | 1,877 | B |
|
| 772 Hernandes Ave Se | Single Family | 1,096 | B |
|
| 292 Cocoa St Se | Single Family | 968 | C |
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| 791 Dubuque Ave Se | Single Family | 904 | C |
|
| 803 Du Bois Ave Se | Single Family | 1,199 | B |
|
| 251 Cocoa St Se | Vacant Residential | 0 | L | |
| 756 Hernandes Ave Se | Single Family | 2,020 | B |
|
| 300 Cocoa St Se | Single Family | 968 | C |
|
| 278 Cameron St Se | Single Family | 2,029 | B |
|
| 307 Cocoa St Se | Single Family | 1,116 | B |
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| 787 Hernandes Ave Se | Vacant Residential | 0 | L | |
| 811 Du Bois Ave Se | Single Family | 900 | C |
|
| 241 Cocoa St Se | Single Family | 1,621 | B |
|
| 781 Dubuque Ave Se | Vacant Residential | 0 | L | |
| 740 Hernandes Ave Se | Vacant Residential | 0 | L | |
| 301 Gage St Se | Single Family | 1,990 | B |
|
| 264 Cameron St Se | Vacant Residential | 0 | L | |
| 819 Du Bois Ave Se | Vacant Residential | 0 | L | |
| 279 Cameron St Se | Vacant Residential | 0 | L | |
| 315 Cocoa St Se | Vacant Residential | 0 | L | |
| 343 Gage St Se | Single Family | 1,080 | C |
|
| 307 Sherman St Se | Single Family | 1,470 | B |
|
| 314 Sherman St Se | Vacant Residential | 0 | L | |
| 231 Cocoa St Se | Vacant Residential | 0 | L | |
| 724 Hernandes Ave Se | Vacant Residential | 0 | L | |
| 810 Du Bois Ave Se | Single Family | 941 | C |
|
| 250 Cameron St Se | Vacant Residential | 0 | L | |
| 827 Du Bois Ave Se | Single Family | 904 | C |
|
| 265 Cameron St Se | Single Family | 1,250 | B |
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| 741 Dubuque Ave Se | Single Family | 1,895 | B |
|
| 725 Hernandes Ave Se | Single Family | 1,080 | B |
|
| 818 Du Bois Ave Se | Single Family | 1,136 | C |
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| 323 Cocoa St Se | Vacant Residential | 0 | L | |
| 329 Gage St Se | Vacant Residential Land - Single Family Platted | 0 | L | |
| 760 Dubuque Ave Se | Single Family | 904 | C |
|
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 930 Hammacher Ave Sw | .55 | 0 | $434,800 | |
| 581 Andrew St Se | .55 | 0 | $35,000 | |
| 771 Everglade Ave Se | .7 | 0 | $59,900 | |
| 328 Danis Rd Sw | .91 | 0 | $59,000 | |
| 660 Merrimac St Se | 1.01 | 0 | $399,900 | |
| 433 Harrington St Sw | 1.04 | 0 | $349,900 | |
| 1085 Harlingen Rd Sw | 1.1 | 0 | $35,000 | |
| 160 Hanley Rd Sw | 1.1 | 0 | $37,000 | |
| 236 Santo Domingo Ave Sw | 1.14 | 0 | $49,900 | |
| 126 Deauville Ave Se | 1.22 | 0 | $55,000 | |
| 143 Inez St Se | 1.23 | 0 | $69,900 | |
| 961 Armstrong Rd Se | 1.26 | 0 | $59,900 | |
| 967 Armstrong Rd Se | 1.26 | 0 | $59,900 | |
| 590 Estes Ave Sw | 1.26 | 0 | $349,900 | |
| 1374 Saxony Rd Sw | 1.27 | 0 | $35,000 | |
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 13 of all properties in this area. This suggests it would appeal to someone earning around $25,912 per year who should qualify for a mortgage between $51,824 and $64,780.
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 13 of all properties in this area. This corresponds to a rent of $527 per month and a monthly household income of $2,171 ($26,052 per year)