847 Reading 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 | |
|---|---|---|---|---|
| 853 Reading St Se | Single Family | 1,920 | B |
 |
| 841 Reading St Se | Single Family | 1,350 | B |
|
| 848 Reardon St Se | Single Family | 0 | B | |
| 854 Reardon St Se | Vacant Residential | 0 | L | |
| 842 Reardon St Se | Vacant Residential | 0 | L | |
| 859 Reading St Se | Vacant Residential | 0 | L | |
| 835 Reading St Se | Single Family | 1,645 | B |
|
| 854 Reading St Se | Single Family | 1,216 | B |
|
| 842 Reading St Se | Single Family | 1,185 | C |
|
| 860 Reardon St Se | Vacant Residential | 0 | L | |
| 836 Reardon St Se | Single Family | 1,350 | B |
|
| 860 Reading St Se | Vacant Residential | 0 | L | |
| 865 Reading St Se | Single Family | 1,808 | B |
|
| 829 Reading St Se | Single Family | 2,029 | B |
|
| 866 Reardon St Se | Vacant Residential | 0 | L | |
| 830 Reardon St Se | Single Family | 1,398 | B |
|
| 866 Reading St Se | Vacant Residential | 0 | L | |
| 847 Raymond St Se | Vacant Residential | 0 | L | |
| 841 Raymond St Se | Vacant Residential | 0 | L | |
| 853 Raymond St Se | Vacant Residential | 0 | L | |
| 871 Reading St Se | Vacant Residential | 0 | L | |
| 823 Reading St Se | Vacant Residential | 0 | L | |
| 859 Reardon St Se | Single Family | 1,621 | B |
|
| 859 Raymond St Se | Vacant Residential | 0 | L | |
| 835 Raymond St Se | Single Family | 1,560 | B |
|
| 872 Reardon St Se | Vacant Residential | 0 | L | |
| 824 Reardon St Se | Vacant Residential | 0 | L | |
| 835 Reardon St Se | Vacant Residential | 0 | L | |
| 872 Reading St Se | Vacant Residential | 0 | L | |
| 830 Reading St Se | Single Family | 1,126 | C |
|
| 865 Reardon St Se | Vacant Residential | 0 | L | |
| 865 Raymond St Se | Vacant Residential | 0 | L | |
| 829 Raymond St Se | Single Family | 1,932 | B |
|
| 817 Reading St Se | Vacant Residential | 0 | L | |
| 877 Reading St Se | Single Family | 1,379 | B |
|
| 829 Reardon St Se | Single Family | 2,252 | B |
|
| 878 Reardon St Se | Vacant Residential | 0 | L | |
| 818 Reardon St Se | Vacant Residential | 0 | L | |
| 2590 Quarry Ave Se | Vacant Residential | 0 | L | |
| 871 Reardon St Se | Vacant Residential | 0 | L | |
| 878 Reading St Se | Vacant Residential | 0 | L | |
| 871 Raymond St Se | Single Family | 1,621 | B |
|
| 823 Raymond St Se | Single Family | 1,328 | B |
|
| 810 Painesville St Se | Vacant Residential | 0 | L | |
| 2591 Quantico Ave Se | Vacant Residential | 0 | L | |
| 820 Painesville St Se | Vacant Residential | 0 | L | |
| 811 Reading St Se | Vacant Residential | 0 | L | |
| 877 Reardon St Se | Single Family | 1,636 | B |
|
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 847 Reading St Se | 0 | 0 | $354,900 | |
| 842 Reardon St Se | .03 | 0 | $49,000 | |
| 947 Turquoise St Se | .23 | 0 | $35,000 | |
| 2713 Rockford Ave Se | .26 | 0 | $425,000 | |
| 2436 Quimper Ave Se | .3 | 0 | $348,900 | |
| 2827 Tivoli Ave Se | .49 | 0 | $384,000 | |
| 937 Ray Rd Se | .56 | 0 | $379,900 | |
| 1150 Moon St Se | .68 | 0 | $409,900 | |
| 2314 Ramona Ave Se | .69 | 0 | $29,999 | |
| 2178 Windbrook Dr Se | .78 | 0 | $60,000 | |
| 2701 Digby Rd Se | 1.12 | 0 | $400,000 | |
| 519 Poplar St Se | 1.14 | 0 | $348,900 | |
| 3014 San Filippo Dr Se | 1.22 | 0 | $370,000 | |
| 961 Sanger St Se | 1.23 | 0 | $35,000 | |
| 986 Sanger St Se | 1.26 | 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.
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%.