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 
3230 Jupiter Blvd Se Vacant Residential 0 L
3214 Jupiter Blvd Se Single Family 1,456 C
527 Black Horse St Se Vacant Residential 0 L
539 Black Horse St Se Single Family 1,272 C
515 Black Horse St Se Vacant Residential 0 L
3238 Jupiter Blvd Se Vacant Residential 0 L
551 Black Horse St Se Vacant Residential 0 L
3246 Jupiter Blvd Se Single Family 1,644 B
563 Black Horse St Se Single Family 1,272 C
526 Black Horse St Se Vacant Residential 0 L
538 Black Horse St Se Vacant Residential 0 L
514 Black Horse St Se Single Family 1,014 C
3254 Jupiter Blvd Se Vacant Residential 0 L
514 Anastasia Ave Se Single Family 1,554 C
528 Anastasia Ave Se Single Family 1,402 B
550 Black Horse St Se Vacant Residential 0 L
502 Black Horse St Se Single Family 1,242 C
575 Black Horse St Se Vacant Residential 0 L
562 Black Horse St Se Single Family 1,302 B
3262 Jupiter Blvd Se Vacant Residential 0 L
587 Black Horse St Se Single Family 1,665 B
541 Cardinal St Se Single Family 1,518 B
531 Cardinal St Se Single Family 1,518 B
551 Cardinal St Se Vacant Residential 0 L
574 Black Horse St Se Vacant Residential 0 L
561 Cardinal St Se Vacant Residential 0 L
3270 Jupiter Blvd Se Vacant Residential 0 L
571 Cardinal St Se Vacant Residential 0 L
481 Black Horse St Se Vacant Residential 0 L

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
581 Andrew St Se .29 0 $35,000
771 Everglade Ave Se .54 0 $59,900
967 Armstrong Rd Se .88 0 $59,900
961 Armstrong Rd Se .88 0 $59,900
126 Deauville Ave Se .98 0 $55,000
203 Eldron Blvd Ne 1.05 0 $67,000
679 Airoso Rd Se 1.06 0 $341,990
789 Duncan Rd Se 1.1 0 $50,000
930 Hammacher Ave Sw 1.17 0 $434,800
236 Santo Domingo Ave Sw 1.2 0 $49,900
660 Merrimac St Se 1.2 0 $399,900
302 Arapahoe Ln Ne 1.25 1,662 $335,000
656 Delmonico St Ne 1.28 0 $389,900
328 Danis Rd Sw 1.38 0 $59,000
433 Harrington St Sw 1.47 0 $349,900

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 37 of all properties in this area. This suggests it would appeal to someone earning around $50,621 per year who should qualify for a mortgage between $101,242 and $126,553.

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 37 of all properties in this area. This corresponds to a rent of $749 per month and a monthly household income of $2,796 ($33,552 per year)

Disclaimers and Disclosures

Public Records Data

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