167 Inez 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 | |
|---|---|---|---|---|
| 159 Inez St Se | Single Family | 2,173 | B |
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| 175 Inez St Se | Single Family | 1,760 | B |
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| 160 Coffee St Se | Single Family | 1,472 | B |
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| 156 Coffee St Se | Vacant Residential | 0 | L | |
| 172 Coffee St Se | Single Family | 2,098 | B |
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| 151 Inez St Se | Single Family | 1,611 | B |
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| 192 Coffee St Se | Single Family | 1,950 | B |
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| 150 Coffee St Se | Single Family | 1,058 | C |
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| 174 Inez St Se | Single Family | 1,717 | B |
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| 166 Inez St Se | Single Family | 1,516 | B |
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| 143 Inez St Se | Vacant Residential | 0 | L | |
| 158 Inez St Se | Vacant Residential | 0 | L | |
| 144 Coffee St Se | Single Family | 1,208 | B |
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| 150 Inez St Se | Single Family | 1,592 | B |
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| 161 Coffee St Se | Vacant Residential | 0 | L | |
| 155 Coffee St Se | Single Family | 1,829 | B |
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| 135 Inez St Se | Single Family | 1,530 | B |
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| 167 Coffee St Se | Vacant Residential | 0 | L | |
| 138 Coffee St Se | Single Family | 2,129 | B |
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| 193 Coffee St Se | Single Family | 1,814 | B |
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| 149 Coffee St Se | Single Family | 1,622 | B |
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| 142 Inez St Se | Single Family | 1,376 | B |
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| 185 Coffee St Se | Single Family | 1,509 | B |
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| 179 Coffee St Se | Single Family | 2,028 | B |
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| 143 Coffee St Se | Single Family | 1,440 | B |
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| 127 Inez St Se | Single Family | 1,096 | B |
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| 130 Coffee St Se | Single Family | 1,760 | B |
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| 134 Inez St Se | Single Family | 1,472 | B |
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| 228 Ainsley St Se | Single Family | 1,579 | B |
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| 214 Ainsley St Se | Single Family | 1,436 | B |
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| 137 Coffee St Se | Vacant Residential | 0 | L | |
| 242 Ainsley St Se | Single Family | 1,643 | B |
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| 293 Abello Rd Se | Single Family | 1,891 | B |
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| 287 Abello Rd Se | Single Family | 1,126 | B |
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| 301 Abello Rd Se | Single Family | 1,840 | B |
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| 200 Ainsley St Se | Single Family | 1,326 | C |
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| 230 Seahorse Cir Se | Single Family | 1,656 | B |
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| 256 Ainsley St Se | Vacant Residential | 0 | L | |
| 281 Abello Rd Se | Single Family | 2,318 | B |
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| 226 Seahorse Cir Se | Single Family | 988 | C |
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| 119 Inez St Se | Single Family | 1,352 | B |
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| 126 Inez St Se | Single Family | 1,594 | B |
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| 124 Coffee St Se | Vacant Residential | 0 | L |
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 143 Inez St Se | .05 | 0 | $69,900 | |
| 1374 Saxony Rd Sw | .38 | 0 | $35,000 | |
| 160 Hanley Rd Sw | .38 | 0 | $37,000 | |
| 1415 Platt Ave Sw | .72 | 0 | $42,000 | |
| 1403 Platt Ave Sw | .73 | 0 | $42,000 | |
| 1290 Amelia Ave Sw | .75 | 0 | $42,000 | |
| 930 Hammacher Ave Sw | .93 | 0 | $434,800 | |
| 729 Seven Gables Cir Se | .97 | 1,352 | $350,000 |
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| 1085 Harlingen Rd Sw | .98 | 0 | $35,000 | |
| 660 Merrimac St Se | 1 | 0 | $399,900 | |
| 2970 Emerson Dr Se | 1.25 | 0 | $47,900 | |
| 1726 Garvey Rd Sw | 1.35 | 0 | $29,000 | |
| 771 Everglade Ave Se | 1.46 | 0 | $59,900 | |
| 558 Gancedo St Sw | 1.48 | 0 | $52,900 | |
| 328 Danis Rd Sw | 1.49 | 0 | $59,000 | |
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 82 of all properties in this area. This suggests it would appeal to someone earning around $125,548 per year who should qualify for a mortgage between $251,096 and $313,870.
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 82 of all properties in this area. This corresponds to a rent of $1,183 per month and a monthly household income of $4,312 ($51,744 per year)