1398 Paramount Ave 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 | |
|---|---|---|---|---|
| 1392 Paramount Ave Se | Single Family | 1,296 | B |
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| 1400 Paramount Ave Se | Vacant Residential | 0 | L | |
| 1386 Paramount Ave Se | Single Family | 1,056 | B |
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| 1393 Paragon Rd Se | Single Family | 1,080 | C |
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| 1602 Saint St Se | Vacant Residential | 0 | L | |
| 1406 Paramount Ave Se | Single Family | 1,206 | B |
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| 1387 Paragon Rd Se | Vacant Residential | 0 | L | |
| 1611 Saipan St Se | Vacant Residential | 0 | L | |
| 1380 Paramount Ave Se | Vacant Residential | 0 | L | |
| 1401 Paragon Rd Se | Single Family | 1,695 | B |
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| 1610 Saint St Se | Single Family | 816 | C |
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| 1610 Saipan St Se | Vacant Residential | 0 | L | |
| 1381 Paragon Rd Se | Vacant Residential | 0 | L | |
| 1412 Paramount Ave Se | Single Family | 1,257 | B |
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| 1619 Saipan St Se | Vacant Residential | 0 | L | |
| 1374 Paramount Ave Se | Vacant Residential | 0 | L | |
| 1611 Burgandy St Se | Vacant Residential | 0 | L | |
| 1603 Saint St Se | Single Family | 941 | C |
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| 1618 Saint St Se | Vacant Residential | 0 | L | |
| 1421 Paragon Rd Se | Single Family | 1,471 | B |
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| 1618 Saipan St Se | Single Family | 888 | C |
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| 1375 Paragon Rd Se | Vacant Residential | 0 | L | |
| 1418 Paramount Ave Se | Vacant Residential | 0 | L | |
| 1627 Saipan St Se | Single Family | 970 | C |
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| 1366 Paramount Ave Se | Single Family | 1,446 | C |
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| 1619 Saint St Se | Single Family | 1,223 | C |
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| 1626 Saint St Se | Single Family | 1,210 | C |
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| 1431 Paragon Rd Se | Vacant Residential | 0 | L | |
| 1619 Burgandy St Se | Single Family | 888 | C |
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| 1626 Saipan St Se | Single Family | 888 | C |
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| 1367 Paragon Rd Se | Vacant Residential | 0 | L | |
| 1426 Paramount Ave Se | Vacant Residential | 0 | L | |
| 1358 Paramount Ave Se | Vacant Residential | 0 | L |
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 1647 Sadigo St Se | .16 | 0 | $399,990 | |
| 1698 Colorado St Se | .79 | 0 | $284,900 | |
| 280 Valkaria Rd | .85 | 1,814 | $569,900 |
|
| 1821 Trapper Ave Se | .88 | 0 | $354,900 | |
| 1974 Timbruce Rd Se | 1.01 | 0 | $349,900 | |
| 1366 San Filippo Dr Se | 1.03 | 0 | $53,000 | |
| 1001 Sablon St Se | 1.05 | 0 | $334,750 | |
| 1809 Sandia Rd Se | 1.15 | 0 | $354,900 | |
| 1420 Traverse St Se | 1.19 | 0 | $53,000 | |
| 1333 Talleyrand St Se | 1.2 | 0 | $39,000 | |
| 1323 Talleyrand St Se | 1.2 | 0 | $39,000 | |
| 1012 Tide Rd Se | 1.27 | 0 | $40,000 | |
| 1531 Walker St Se | 1.35 | 0 | $55,000 | |
| 2970 Emerson Dr Se | 1.42 | 0 | $47,900 | |
| 1051 Johnston Rd Se | 1.43 | 0 | $40,000 | |
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.
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%.