700 Alford St Se, Palm Bay
Brevard County Real Estate - Malabar
Malabar is a small town located south of Palm Bay in Brevard County, Florida. Established in 1883 and incorporated in 1962, Malabar is known for its old-Florida atmosphere and semi-rural environment.
Malabar is in East Central Florida. It's population as recorded in the 2010 Census was 2,757. Malabar is approximately 52 miles from Port Saint Lucie (population 164,603) and around 3 miles from Palm Bay (population 103,190).
The median age for residents of Malabar is 50. Around 25.1% of Malabar households include school aged children and 32.4% of households include individuals aged 65 years or over. Census records indicate 91.6% of the Malabar population are White, 3.8% are Black or African American, .4% American Indian, .9% Asian and 2.4% are Two or more Races.
There are 1,239 housing units in Malabar. 115 (9.2%) of these were reported as vacant in the 2010 Census. Malabar is a tourist destination, 36.5% (42) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 128 residential rental units in Malabar. 111 of them were occupied in 2010 providing a residential rental vacancy rate of 12.5%.
Malabar 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 | |
|---|---|---|---|---|
| 714 Alford St Se | Single Family | 1,470 | B |
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| 1600 Ashboro Cir Se | Single Family | 1,808 | B |
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| 1614 Ashboro Cir Se | Single Family | 1,784 | B |
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| 1330 Castel Pl Se | Single Family | 1,789 | B |
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| 707 Alford St Se | Vacant Residential | 0 | L | |
| 728 Alford St Se | Single Family | 1,715 | B |
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| 701 Alford St Se | Single Family | 1,805 | B |
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| 711 Alford St Se | Vacant Residential | 0 | L | |
| 1598 Ashboro Cir Se | Single Family | 1,677 | B |
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| 1628 Ashboro Cir Se | Single Family | 1,557 | B |
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| 717 Alford St Se | Vacant Residential | 0 | L | |
| 699 Alford St Se | Single Family | 1,345 | C |
|
| 742 Alford St Se | Single Family | 2,183 | B |
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| 686 Alford St Se | Single Family | 1,880 | B |
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| 697 Alford St Se | Single Family | 1,992 | B |
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| 1590 Ashboro Cir Se | Single Family | 1,583 | B |
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| 1290 Sail Ct Se | Single Family | 1,509 | B |
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| 1642 Ashboro Cir Se | Single Family | 1,994 | B |
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| 898 Parsons Cir Se | Vacant Residential | 0 | L | |
| 1601 Ashboro Cir Se | Vacant Residential | 0 | L | |
| 1291 Sail Ct Se | Single Family | 2,117 | B |
|
| 1615 Ashboro Cir Se | Single Family | 1,888 | B |
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| 1599 Ashboro Cir Se | Vacant Residential | 0 | L | |
| 687 Alford St Se | Single Family | 1,890 | B |
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| 756 Alford St Se | Single Family | 1,338 | C |
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| 674 Alford St Se | Single Family | 1,393 | B |
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| 1629 Ashboro Cir Se | Single Family | 1,462 | B |
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| 890 Parsons Cir Se | Single Family | 1,281 | C |
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| 1656 Ashboro Cir Se | Single Family | 1,875 | B |
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| 1580 Ashboro Cir Se | Single Family | 1,068 | B |
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| 718 Simon St Se | Vacant Residential | 0 | L | |
| 1591 Ashboro Cir Se | Single Family | 2,154 | B |
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| 1643 Ashboro Cir Se | Single Family | 2,110 | B |
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| 600 Parsons Cir Se | Vacant Residential | 0 | L | |
| 675 Alford St Se | Single Family | 1,057 | B |
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| 1280 Sail Ct Se | Vacant Residential | 0 | L | |
| 884 Parsons Cir Se | Single Family | 1,356 | C |
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| 770 Alford St Se | Single Family | 1,296 | B |
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| 1637 Dozier Cir Se | Single Family | 2,236 | B |
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| 1281 Sail Ct Se | Single Family | 1,662 | B |
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| 1643 Dozier Cir Se | Single Family | 2,265 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 660 Merrimac St Se | .35 | 0 | $399,900 | |
| 729 Seven Gables Cir Se | .35 | 1,352 | $350,000 |
|
| 679 Airoso Rd Se | .49 | 0 | $341,990 | |
| 2970 Emerson Dr Se | .53 | 0 | $47,900 | |
| 1001 Sablon St Se | .56 | 0 | $334,750 | |
| 143 Inez St Se | 1.03 | 0 | $69,900 | |
| 771 Everglade Ave Se | 1.03 | 0 | $59,900 | |
| 1012 Tide Rd Se | 1.24 | 0 | $40,000 | |
| 961 Armstrong Rd Se | 1.25 | 0 | $59,900 | |
| 581 Andrew St Se | 1.26 | 0 | $35,000 | |
| 967 Armstrong Rd Se | 1.27 | 0 | $59,900 | |
| 160 Hanley Rd Sw | 1.29 | 0 | $37,000 | |
| 789 Duncan Rd Se | 1.29 | 0 | $50,000 | |
| 961 Sanger St Se | 1.31 | 0 | $35,000 | |
| 986 Sanger St Se | 1.33 | 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 17 of all properties in this area. This suggests it would appeal to someone earning around $31,261 per year who should qualify for a mortgage between $62,522 and $78,153.
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 17 of all properties in this area. This corresponds to a rent of $578 per month and a monthly household income of $2,247 ($26,964 per year)
Nearby Companies
1657 Ashboro Cir
899 Parsons Cir Se