Brevard County, Florida
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.
Brevard County Florida Cities
There are 18 cities in Brevard County Florida. These are listed below. Click on a link for details.
Cape Canaveral, Cocoa, Cocoa Beach, Grant, Indialantic, Malabar, Melbourne, Melbourne Beach, Merritt Island, Mims, Palm Bay, Patrick Afb, Rockledge, Satellite Beach, Scottsmoor, Sebastian, Sharpes, Titusville,
Brevard County has a population of approximately 547,307 people. The population increased 0.7% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida and a 1.7% increase for the country as a whole. Brevard County is 1015.66 square miles and had a population density of 535 Persons per square mile in 2010. This compared to 350.6 for Florida and 87.4 for the country.
There are 270,512 housing units in Brevard County (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Brevard County has a 75.3% homeownership rate compared to Florida's rate of 69.0%. Brevard County's medium household income in 2011 was $50,068, which is higher than the medium income for Florida as a whole: $47,827.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 19,317,568 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Brevard County | 547,307 | $16,070 | 0.7% | $50,068 | 270,512 | $171,200 |
11.2% of the population in Brevard County lives below the poverty line, compared to 14.7% in Florida and 14.3% nationwide. Additional Information:
- Brevard County Census Data
- University of Florida Bureau of Economic and Business Research - Brevard County
Brevard County Economic Activity
The U.S. Bureau of the Census, Economic , 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Brevard County. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $16,070 million, Brevard County's economic activity represents 2.55% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $6,768 | 42.1% |
| Merchant wholesaler sales | $1,853 | 11.5% |
| Retail sales | $6,594 | 41.0% |
| Accommodation and food services sales | $856 | 5.3% |
| Total | $16,070 | 100% |
Brevard County Regional Comparisons
Brevard County is located in East Central Florida. This region is responsible for 17.0% of Florida's economic activity. Brevard County represents 15.0% of the region's economy.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Brevard County | 547,307 | $16,070 | 0.7% | $50,068 | 270,512 | $171,200 |
| Osceola County | 287,416 | $7,448 | 7.0% | $46,479 | 129,830 | $170,200 |
| Orange County | 1,202,234 | $53,843 | 4.9% | $49,731 | 492,209 | $211,100 |
| Seminole County | 430,838 | $12,124 | 1.9% | $58,908 | 182,625 | $225,500 |
| Lake County | 303,186 | $5,430 | 2.1% | $47,509 | 145,303 | $167,900 |
| Volusia County | 496,950 | $10,951 | 0.5% | $44,169 | 254,981 | $172,100 |
| Sumter County | 101,620 | $1,120 | 8.8% | $44,817 | 55,988 | $186,800 |
| Total | 3,369,551 | $106,985 | 3.7% | $48,812 | 1,531,448 | $186,400 |
Brevard Real Estate
There are 278,040 properties in Brevard County. The following table shows a summary of them based on 2013 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Agricultural | 889 | 0.32 | 3 | $247,300 | $388 | February 1st, 2013 | February 1st, 2013 |
| Commercial Property | 0 | 0.00 | 293 | $500,000 | $206 | January 1st, 2013 | August 1st, 2013 |
| Government Property | 4,667 | 1.68 | 16 | $128,500 | $113 | April 1st, 2013 | July 1st, 2013 |
| Hotel & Motel | 160 | 0.06 | 1 | $26,480,800 | $179 | May 1st, 2013 | May 1st, 2013 |
| Industrial | 3,958 | 1.42 | 16 | $1,600,000 | $175 | April 1st, 2013 | July 1st, 2013 |
| Mobile/Manufactured | 18,334 | 6.59 | 7 | $53,000 | $34 | February 1st, 2013 | August 1st, 2013 |
| Multifamily | 12,240 | 4.40 | 78 | $22,600,000 | $1,997 | January 1st, 2013 | August 1st, 2013 |
| Office | 4,064 | 1.46 | 9 | $190,000 | $420 | January 1st, 2013 | June 1st, 2013 |
| Residential | 220,327 | 79.24 | 185 | $100,000 | $86 | January 1st, 2013 | August 1st, 2013 |
| Residential Property | 0 | 0.00 | 10,525 | $102,000 | $69 | January 1st, 2013 | September 1st, 2013 |
| Retail | 8,650 | 3.11 | 14 | $650,000 | $419 | April 1st, 2013 | August 1st, 2013 |
| Senior Housing | 310 | 0.11 | 2 | $3,150,200 | $235 | June 1st, 2013 | June 1st, 2013 |
Agricultural Real Estate in Brevard County, Florida
889( .32%) of the properties in Brevard County are classified as Agricultural. 3 of them sold between February 1st, 2013 and February 1st, 2013. The total value of these sales was $741,900. The median sales price was $247,300. In 2013 the median sales price for Agricultural in Brevard County was $388 per sq ft.
Commercial Real Estate in Brevard County, Florida
0( .00%) of the properties in Brevard County are classified as Commercial. 293 of them sold between January 1st, 2013 and August 1st, 2013. The total value of these sales was $599,989,800. The median sales price was $500,000. In 2013 the median sales price for A Class Commercial Property in Brevard County was $1,349 per sq ft, B Class properties sold for $206/ft and C Class $43/ft.
Government Real Estate in Brevard County, Florida
4,667( 1.68%) of the properties in Brevard County are classified as Government. 16 of them sold between April 1st, 2013 and July 1st, 2013. The total value of these sales was $2,147,000. The median sales price was $128,500. In 2013 the median sales price for Government Property in Brevard County was $113 per sq ft.
Hotel & Motel Real Estate in Brevard County, Florida
160( .06%) of the properties in Brevard County are classified as Hotel & Motel. 1 of them sold between May 1st, 2013 and May 1st, 2013. The total value of these sales was $26,480,800. The median sales price was $26,480,800. In 2013 the median sales price for Hotel & Motel in Brevard County was $179 per sq ft.
Industrial Real Estate in Brevard County, Florida
3,958( 1.42%) of the properties in Brevard County are classified as Industrial. 16 of them sold between April 1st, 2013 and July 1st, 2013. The total value of these sales was $23,255,400. The median sales price was $1,600,000. In 2013 the median sales price for Industrial in Brevard County was $175 per sq ft.
Mobile/Manufactured Real Estate in Brevard County, Florida
18,334( 6.59%) of the properties in Brevard County are classified as Mobile/Manufactured. 7 of them sold between February 1st, 2013 and August 1st, 2013. The total value of these sales was $320,400. The median sales price was $53,000. In 2013 the median sales price for Mobile/Manufactured in Brevard County was $34 per sq ft.
Multifamily Real Estate in Brevard County, Florida
12,240( 4.40%) of the properties in Brevard County are classified as Multifamily. 78 of them sold between January 1st, 2013 and August 1st, 2013. The total value of these sales was $1,552,470,200. The median sales price was $22,600,000. In 2013 the median sales price for A Class Multifamily in Brevard County was $2,205 per sq ft, B Class properties sold for $1,997/ft and C Class $870/ft.
Office Real Estate in Brevard County, Florida
4,064( 1.46%) of the properties in Brevard County are classified as Office. 9 of them sold between January 1st, 2013 and June 1st, 2013. The total value of these sales was $1,593,000. The median sales price was $190,000. In 2013 the median sales price for Office in Brevard County was $420 per sq ft.
Residential Real Estate in Brevard County, Florida
220,327( 79.24%) of the properties in Brevard County are classified as Residential. 185 of them sold between January 1st, 2013 and August 1st, 2013. The total value of these sales was $70,326,500. The median sales price was $100,000. In 2013 the median sales price for A Class Residential in Brevard County was $358 per sq ft, B Class properties sold for $86/ft and C Class $21/ft.
Residential Real Estate in Brevard County, Florida
0( .00%) of the properties in Brevard County are classified as Residential. 10,525 of them sold between January 1st, 2013 and September 1st, 2013. The total value of these sales was $3,797,441,525. The median sales price was $102,000. In 2013 the median sales price for A Class Residential Property in Brevard County was $143 per sq ft, B Class properties sold for $69/ft and C Class $32/ft.
Retail Real Estate in Brevard County, Florida
8,650( 3.11%) of the properties in Brevard County are classified as Retail. 14 of them sold between April 1st, 2013 and August 1st, 2013. The total value of these sales was $11,301,100. The median sales price was $650,000. In 2013 the median sales price for Retail in Brevard County was $419 per sq ft.
Senior Housing Real Estate in Brevard County, Florida
310( .11%) of the properties in Brevard County are classified as Senior Housing. 2 of them sold between June 1st, 2013 and June 1st, 2013. The total value of these sales was $6,300,400. The median sales price was $3,150,200. In 2013 the median sales price for Senior Housing in Brevard County was $235 per sq ft.
Additional Details:
Brevard Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 620 | 1,508,750 |
| Government Property | 4,345 | 477,882,980 |
| Health Care | 43 | 6,443,389 |
| Hotel & Motel | 132 | 5,201,120 |
| Industrial | 2,768 | 65,556,015 |
| Land | 50,327 | 34,037,349 |
| Miscellaneous Property | 154 | 461,232 |
| Mobile/Manufactured | 11,369 | 12,409,894 |
| Multifamily | 8,895 | 710,382,058 |
| Office | 3,536 | 32,737,188 |
| Residential | 221,306 | 359,914,939 |
| Retail | 7,030 | 285,537,451 |
| Senior Housing | 180 | 31,692,796 |
| Special Purpose | 1,140 | 143,331,272 |
| Sports & Entertaining | 1,458 | 12,472,775 |