846 Driftwood Ave 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 | |
|---|---|---|---|---|
| 838 Driftwood Ave Se | Single Family | 1,750 | B |
 |
| 854 Driftwood Ave Se | Single Family | 1,036 | C |
|
| 849 Carnival Rd Se | Vacant Residential | 0 | L | |
| 841 Carnival Rd Se | Vacant Residential | 0 | L | |
| 857 Carnival Rd Se | Vacant Residential | 0 | L | |
| 862 Driftwood Ave Se | Single Family | 1,014 | C |
|
| 847 Driftwood Ave Se | Vacant Residential | 0 | L | |
| 839 Driftwood Ave Se | Vacant Residential | 0 | L | |
| 830 Driftwood Ave Se | Single Family | 1,212 | B |
|
| 855 Driftwood Ave Se | Vacant Residential | 0 | L | |
| 865 Carnival Rd Se | Single Family | 1,651 | B |
|
| 831 Driftwood Ave Se | Vacant Residential | 0 | L | |
| 833 Carnival Rd Se | Single Family | 1,120 | C |
|
| 863 Driftwood Ave Se | Vacant Residential | 0 | L | |
| 823 Driftwood Ave Se | Single Family | 2,035 | B |
|
| 873 Carnival Rd Se | Single Family | 1,863 | B |
|
| 878 Driftwood Ave Se | Single Family | 1,847 | B |
|
| 850 Carnival Rd Se | Vacant Residential | 0 | L | |
| 824 Carnival Rd Se | Single Family | 1,175 | C |
|
| 858 Carnival Rd Se | Single Family | 900 | C |
|
| 871 Driftwood Ave Se | Single Family | 1,233 | B |
|
| 825 Carnival Rd Se | Single Family | 900 | C |
|
| 815 Driftwood Ave Se | Single Family | 2,035 | B |
|
| 800 Arabia Rd Se | Vacant Residential | 0 | L | |
| 881 Carnival Rd Se | Vacant Residential | 0 | L | |
| 866 Carnival Rd Se | Vacant Residential | 0 | L | |
| 798 Arabia Rd Se | Single Family | 1,144 | C |
|
| 590 Seville St Se | Vacant Residential | 0 | L | |
| 796 Arabia Rd Se | Single Family | 864 | C |
|
| 580 Seville St Se | Vacant Residential | 0 | L | |
| 879 Driftwood Ave Se | Single Family | 1,370 | B |
|
| 874 Carnival Rd Se | Single Family | 900 | C |
|
| 817 Carnival Rd Se | Vacant Residential | 0 | L | |
| 807 Driftwood Ave Se | Single Family | 1,092 | C |
|
| 886 Driftwood Ave Se | Single Family | 2,095 | C |
|
| 810 Carnival Rd Se | Vacant Residential | 0 | L | |
| 794 Arabia Rd Se | Single Family | 816 | C |
|
| 570 Seville St Se | Single Family | 1,283 | C |
|
| 889 Carnival Rd Se | Single Family | 972 | C |
|
| 882 Carnival Rd Se | Single Family | 966 | C |
|
| 790 Arabia Rd Se | Vacant Residential | 0 | L | |
| 809 Carnival Rd Se | Single Family | 1,735 | B |
|
| 887 Driftwood Ave Se | Single Family | 2,252 | B |
|
| 560 Seville St Se | Vacant Residential | 0 | L | |
| 847 Carnation Ave Se | Vacant Residential | 0 | L |
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 771 Everglade Ave Se | .24 | 0 | $59,900 | |
| 581 Andrew St Se | .28 | 0 | $35,000 | |
| 926 Commerce Rd Se | .43 | 1,480 | $305,500 |
|
| 679 Airoso Rd Se | .55 | 0 | $341,990 | |
| 660 Merrimac St Se | .67 | 0 | $399,900 | |
| 961 Armstrong Rd Se | .82 | 0 | $59,900 | |
| 967 Armstrong Rd Se | .82 | 0 | $59,900 | |
| 930 Hammacher Ave Sw | .94 | 0 | $434,800 | |
| 789 Duncan Rd Se | 1.01 | 0 | $50,000 | |
| 143 Inez St Se | 1.3 | 0 | $69,900 | |
| 160 Hanley Rd Sw | 1.31 | 0 | $37,000 | |
| 729 Seven Gables Cir Se | 1.35 | 1,352 | $350,000 |
|
| 1001 Sablon St Se | 1.35 | 0 | $334,750 | |
| 328 Danis Rd Sw | 1.38 | 0 | $59,000 | |
| 126 Deauville Ave Se | 1.45 | 0 | $55,000 | |
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 41 of all properties in this area. This suggests it would appeal to someone earning around $55,358 per year who should qualify for a mortgage between $110,716 and $138,395.
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 41 of all properties in this area. This corresponds to a rent of $779 per month and a monthly household income of $2,883 ($34,596 per year)
Nearby Companies
865 Carnival Road Se
846 Driftwood Ave Se
854 Se Driftwood Ave