560 Ortega 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 | |
|---|---|---|---|---|
| 566 Ortega St Se | Vacant Residential | 0 | L | |
| 554 Ortega St Se | Single Family | 1,448 | B |
 |
| 559 Rembrandt St Se | Vacant Residential | 0 | L | |
| 553 Rembrandt St Se | Vacant Residential | 0 | L | |
| 565 Rembrandt St Se | Vacant Residential | 0 | L | |
| 572 Ortega St Se | Single Family | 960 | C |
|
| 548 Ortega St Se | Vacant Residential | 0 | L | |
| 561 Ortega St Se | Single Family | 1,588 | B |
|
| 555 Ortega St Se | Single Family | 1,199 | C |
|
| 567 Ortega St Se | Vacant Residential | 0 | L | |
| 571 Rembrandt St Se | Single Family | 904 | C |
|
| 547 Rembrandt St Se | Single Family | 1,858 | B |
|
| 549 Ortega St Se | Vacant Residential | 0 | L | |
| 542 Ortega St Se | Single Family | 1,000 | C |
|
| 578 Ortega St Se | Single Family | 1,308 | C |
|
| 573 Ortega St Se | Vacant Residential | 0 | L | |
| 577 Rembrandt St Se | Vacant Residential | 0 | L | |
| 541 Rembrandt St Se | Vacant Residential | 0 | L | |
| 543 Ortega St Se | Vacant Residential | 0 | L | |
| 560 Rembrandt St Se | Vacant Residential | 0 | L | |
| 530 Escarole St Se | Single Family | 904 | C |
|
| 554 Rembrandt St Se | Single Family | 1,427 | B |
|
| 566 Rembrandt St Se | Vacant Residential | 0 | L | |
| 542 Escarole St Se | Single Family | 1,858 | B |
|
| 579 Ortega St Se | Vacant Residential | 0 | L | |
| 536 Ortega St Se | Vacant Residential | 0 | L | |
| 584 Ortega St Se | Single Family | 1,214 | C |
|
| 524 Escarole St Se | Single Family | 1,543 | B |
|
| 548 Rembrandt St Se | Vacant Residential | 0 | L | |
| 572 Rembrandt St Se | Single Family Residence | 1,534 | C |
|
| 535 Rembrandt St Se | Vacant Residential | 0 | L | |
| 583 Rembrandt St Se | Vacant Residential | 0 | L | |
| 550 Escarole St Se | Single Family | 1,125 | C |
|
| 537 Ortega St Se | Vacant Residential | 0 | L | |
| 538 Escarole St Se | Vacant Residential | 0 | C | |
| 518 Escarole St Se | Single Family | 900 | C |
|
| 585 Ortega St Se | Single Family | 1,774 | C |
|
| 578 Rembrandt St Se | Vacant Residential | 0 | L | |
| 561 Breakwater St Se | Single Family | 1,534 | C |
|
| 530 Ortega St Se | Vacant Residential | 0 | L | |
| 542 Rembrandt St Se | Single Family | 1,216 | C |
|
| 590 Ortega St Se | Single Family | 1,284 | C |
|
| 531 Ortega St Se | Vacant Residential | 0 | L | |
| 562 Escarole St Se | Single Family | 1,626 | B |
|
| 529 Rembrandt St Se | Vacant Residential | 0 | L | |
| 541 Breakwater St Se | Vacant Residential | 0 | L | |
| 512 Escarole St Se | Vacant Residential | 0 | L |
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 660 Merrimac St Se | .28 | 0 | $399,900 | |
| 771 Everglade Ave Se | .63 | 0 | $59,900 | |
| 581 Andrew St Se | .79 | 0 | $35,000 | |
| 729 Seven Gables Cir Se | .86 | 1,352 | $350,000 |
|
| 143 Inez St Se | .9 | 0 | $69,900 | |
| 930 Hammacher Ave Sw | .95 | 0 | $434,800 | |
| 160 Hanley Rd Sw | 1.01 | 0 | $37,000 | |
| 1001 Sablon St Se | 1.04 | 0 | $334,750 | |
| 961 Armstrong Rd Se | 1.08 | 0 | $59,900 | |
| 967 Armstrong Rd Se | 1.09 | 0 | $59,900 | |
| 2970 Emerson Dr Se | 1.09 | 0 | $47,900 | |
| 1374 Saxony Rd Sw | 1.13 | 0 | $35,000 | |
| 789 Duncan Rd Se | 1.21 | 0 | $50,000 | |
| 1290 Amelia Ave Sw | 1.34 | 0 | $42,000 | |
| 1085 Harlingen Rd Sw | 1.38 | 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 8 of all properties in this area. This suggests it would appeal to someone earning around $20,928 per year who should qualify for a mortgage between $41,856 and $52,320.
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 8 of all properties in this area. This corresponds to a rent of $422 per month and a monthly household income of $2,055 ($24,660 per year)