907 Commerce Rd 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%.
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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 | |
|---|---|---|---|---|
| 913 Commerce Rd Se | Single Family | 1,406 | C |
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| 336 Collings St Se | Single Family | 816 | C |
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| 342 Collings St Se | Single Family | 891 | C |
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| 933 Carver Rd Se | Single Family | 1,730 | B |
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| 919 Commerce Rd Se | Single Family | 1,746 | C |
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| 910 Carver Rd Se | Vacant Residential | 0 | L | |
| 926 Carver Rd Se | Single Family | 1,816 | B |
|
| 914 Commerce Rd Se | Vacant Residential | 0 | L | |
| 348 Collings St Se | Vacant Residential | 0 | L | |
| 941 Carver Rd Se | Single Family | 1,056 | C |
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| 934 Carver Rd Se | Vacant Residential | 0 | L | |
| 925 Commerce Rd Se | Single Family | 1,083 | C |
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| 920 Commerce Rd Se | Single Family | 1,056 | C |
|
| 921 Ithaca Ave Se | Vacant Residential | 0 | L | |
| 911 Ithaca Ave Se | Single Family | 875 | C |
|
| 354 Collings St Se | Vacant Residential | 0 | L | |
| 931 Ithaca Ave Se | Vacant Residential | 0 | L | |
| 331 Collings St Se | Single Family | 1,599 | B |
|
| 337 Collings St Se | Single Family | 1,416 | C |
|
| 942 Carver Rd Se | Vacant Residential | 0 | L | |
| 325 Collings St Se | Vacant Residential | 0 | L | |
| 959 Carver Rd Se | Vacant Residential | 0 | L | |
| 931 Commerce Rd Se | Single Family | 1,068 | B |
|
| 981 Carver Rd Se | Vacant Residential | 0 | L | |
| 343 Collings St Se | Single Family | 1,260 | B |
|
| 926 Commerce Rd Se | Single Family | 1,480 | C |
|
| 941 Ithaca Ave Se | Single Family | 800 | C |
|
| 319 Collings St Se | Single Family | 1,444 | B |
|
| 349 Collings St Se | Vacant Residential | 0 | L | |
| 985 Carver Rd Se | Single Family | 1,896 | B |
|
| 360 Collings St Se | Single Family | 891 | C |
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| 950 Carver Rd Se | Vacant Residential | 0 | L | |
| 313 Collings St Se | Vacant Residential | 0 | L | |
| 952 Commerce Rd Se | Vacant Residential | 0 | L | |
| 937 Commerce Rd Se | Single Family | 2,173 | B |
|
| 961 Ithaca Ave Se | Single Family | 1,441 | B |
|
| 355 Collings St Se | Vacant Residential | 0 | L | |
| 989 Carver Rd Se | Single Family | 1,064 | C |
|
| 366 Collings St Se | Utility | 0 | L | |
| 920 Ithaca Ave Se | Vacant Residential | 0 | L | |
| 307 Collings St Se | Single Family | 1,064 | C |
|
| 910 Ithaca Ave Se | Single Family | 1,139 | C |
|
| 930 Ithaca Ave Se | Vacant Residential | 0 | L | |
| 361 Collings St Se | Single Family | 1,290 | C |
|
| 966 Carver Rd Se | Vacant Residential | 0 | L | |
| 974 Carver Rd Se | Vacant Residential | 0 | L | |
| 296 Collings St Se | Single Family | 2,190 | C |
|
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 930 Hammacher Ave Sw | .52 | 0 | $434,800 | |
| 581 Andrew St Se | .67 | 0 | $35,000 | |
| 771 Everglade Ave Se | .69 | 0 | $59,900 | |
| 660 Merrimac St Se | .74 | 0 | $399,900 | |
| 160 Hanley Rd Sw | .87 | 0 | $37,000 | |
| 143 Inez St Se | .93 | 0 | $69,900 | |
| 1374 Saxony Rd Sw | 1.03 | 0 | $35,000 | |
| 1085 Harlingen Rd Sw | 1.04 | 0 | $35,000 | |
| 328 Danis Rd Sw | 1.06 | 0 | $59,000 | |
| 1290 Amelia Ave Sw | 1.09 | 0 | $42,000 | |
| 433 Harrington St Sw | 1.22 | 0 | $349,900 | |
| 961 Armstrong Rd Se | 1.26 | 0 | $59,900 | |
| 967 Armstrong Rd Se | 1.26 | 0 | $59,900 | |
| 1403 Platt Ave Sw | 1.3 | 0 | $42,000 | |
| 1415 Platt Ave Sw | 1.31 | 0 | $42,000 | |
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)
Nearby Companies
937 Commerce Rd Se