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 
559 Brickell St Se Single Family 1,549 B
535 Brickell St Se Vacant Residential 0 L
550 Brickell St Se Single Family 2,080 B
542 Brickell St Se Vacant Residential 0 L
558 Brickell St Se Single Family 1,192 C
567 Brickell St Se Vacant Residential 0 L
527 Brickell St Se Vacant Residential 0 L
534 Brickell St Se Single Family 1,092 B
550 Bluefields St Se Single Family 2,172 B
560 Bluefields St Se Vacant Residential 0 L
566 Brickell St Se Single Family 904 C
540 Bluefields St Se Single Family 1,116 C
570 Bluefields St Se Single Family 1,994 B
575 Brickell St Se Vacant Residential 0 L
519 Brickell St Se Single Family 1,048 C
526 Brickell St Se Single Family 1,585 B
549 Andrew St Se Single Family 1,976 B
530 Bluefields St Se Vacant Residential 0 L
580 Bluefields St Se Single Family 1,163 C
574 Brickell St Se Single Family 1,164 B
557 Andrew St Se Single Family 1,237 C
565 Andrew St Se Single Family 1,000 C
525 Andrew St Se Vacant Residential 0 L
518 Brickell St Se Vacant Residential 0 L
583 Brickell St Se Single Family 1,858 B
520 Bluefields St Se Vacant Residential 0 L
590 Bluefields St Se Single Family 0 B
573 Andrew St Se Single Family 1,932 B
561 Bluefields St Se Single Family 1,429 B
551 Bluefields St Se Vacant Residential 0 L
590 Brickell St Se Vacant Residential 0 L
571 Bluefields St Se Single Family 2,135 B
510 Bluefields St Se Vacant Residential 0 L
541 Bluefields St Se Vacant Residential 0 L
600 Bluefields St Se Vacant Residential 0 L
517 Andrew St Se Vacant Residential 0 L
510 Brickell St Se Single Family 1,325 C
591 Brickell St Se Vacant Residential 0 L
505 Brickell St Se Single Family 1,429 C
581 Andrew St Se Vacant Residential 0 L
531 Bluefields St Se Single Family 1,645 B
591 Bluefields St Se Single Family 1,895 C
550 Andrew St Se Single Family 1,709 C
701 Driftwood Ave Se Single Family 2,012 B

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
581 Andrew St Se .09 0 $35,000
771 Everglade Ave Se .35 0 $59,900
967 Armstrong Rd Se .8 0 $59,900
961 Armstrong Rd Se .8 0 $59,900
679 Airoso Rd Se .85 0 $341,990
660 Merrimac St Se .99 0 $399,900
789 Duncan Rd Se 1.02 0 $50,000
930 Hammacher Ave Sw 1.06 0 $434,800
126 Deauville Ave Se 1.17 0 $55,000
203 Eldron Blvd Ne 1.26 0 $67,000
236 Santo Domingo Ave Sw 1.32 0 $49,900
328 Danis Rd Sw 1.37 0 $59,000
302 Arapahoe Ln Ne 1.43 1,662 $335,000
433 Harrington St Sw 1.48 0 $349,900
656 Delmonico St Ne 1.49 0 $389,900

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 36 of all properties in this area. This suggests it would appeal to someone earning around $49,822 per year who should qualify for a mortgage between $99,644 and $124,555.

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 36 of all properties in this area. This corresponds to a rent of $738 per month and a monthly household income of $2,778 ($33,336 per year)

Nearby Companies

Giver Apparel LLC
550 Brickell St Se
M & I Home Improvement LLC
580 Bluefields St Se
Disclaimers and Disclosures

Public Records Data

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