Titusville, Florida
Brevard County Real Estate - Titusville
Titusville is the County Seat of Brevard County. Nicknamed Space City, USA, It is a principal city of the Palm Bay -Melbourne - Titusville Metropolitan Statistical Area
Titusville is a full service city covering 30.3 square miles and a population of approximately 45,000. Titusville is located on the west shore of the Indian River Lagoon, directly across from the John F. Kennedy Space Center. The Atlantic Ocean lies approximately 12 miles to the east and East Orlando 30 miles to the west. Incorporated in 1886, Titusville has seen most of its growth since 1962, with the creation of the Lunar Landing program at the Space Center. Titusville is the eastern anchor of Florida’s high tech corridor. Industrial parks and prime commercial properties are near major highways such as I-95, SR 528/Beach line Expressway, and SR 50, all providing easy access to Orlando and other major cities.
Connecting the city to the rest of Florida and beyond is a modern, uncongested system of road and rail connections. Interstate 95, US 1,State Road 50 and the Florida East Coast Railway are all excellent methods for land transportation in the immediate area.
Commercial air transportation is provided by Orlando International Airport. General aviation facilities are available at Space Coast Regional Airport, located just five minutes from Kennedy Space Center and home to 1,200 acres of industrial property.
On the Atlantic Ocean sits Port Canaveral, a major deepwater port serving cargo, tanker and cruise markets. Port Canaveral has shown tremendous growth of late, registering 3.6 million short tons of cargo and 4.3 million total cruise passengers in FY 2007.
The nostalgic historic Downtown area offers arts and crafts shops, clothing and consignment shops, flower and gift shops and a nearby riverside park, as well as several popular restaurants.
Nearby are other gift, hobby, museum and antique shops. Within one mile of downtown is the Titusville Municipal Marina with a ships store, a large seawall for viewing manatee and other marine life.
There 10 hotels/motels in Titusville mostly clustered around I95 or the Indian River.
House prices and rent in Titusville have been negatively impacted by the imminent closure of the shuttle program and the consequential loss of high salary jobs. As a real estate investor house prices are softer here than other areas in Brevard County. It is extremely important that the price paid enables the property to cash flow as a rental as selling prices are unlikely to rebound in the near future.
Titusville is in East Central Florida. It's population as recorded in the 2010 Census was 43,761. Titusville is approximately 35 miles from Orlando (population 238,300) and around 42 miles from Palm Bay (population 103,190).
The median age for residents of Titusville is 44.3. Around 26.6% of Titusville households include school aged children and 34% of households include individuals aged 65 years or over. Census records indicate 80.8% of the Titusville population are White, 13.5% are Black or African American, .4% American Indian, 1.3% Asian and 2.5% are Two or more Races.
There are 22,729 housing units in Titusville. 3,712 (16.3%) of these were reported as vacant in the 2010 Census. There are 7,766 residential rental units in Titusville. 6,238 of them were occupied in 2010 providing a residential rental vacancy rate of 19.1%.
Titusville links:
Titusville is located in Brevard County. It has a population of approximately 43,761 people. The population increased 0.4% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 0.7% for Brevard County and a 1.7% increase for the country as a whole. Titusville occupies 29.37 of the 1015.66 square miles in Brevard County. It had a population density of 1489.9 persons per square mile in 2010. This compared to 535 for the county, 350.6 for Florida and 87.4 for the country.
8.4% ( 22,729) of the 270,512 housing units in Brevard County are in Titusville (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.) Titusville has a 69.7% homeownership rate compared to Brevard County's 75.3% homeownership rate and Florida's rate of 69.0%.
| Region | Population 2010 | 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 | 18,801,310 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Brevard County | 543,376 | $16,070 | 0.7% | $50,068 | 270,512 | $171,200 |
| Titusville | 43,761 | $811 | 0.4% | $44,148 | 22,729 | $140,700 |
Titusville's medium household income in 2011 was $44,148. Brevard County's medium household income was $50,068, which is higher than the medium income for Florida as a whole: $47,827. 13.9% of the population in Titusville lives below the poverty line, compared to 14.7% in Florida, 11.2% of the population in Brevard County and 14.3% nationwide. Additional Information:
Titusville Economic Activity
The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Titusville. 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 $811 million, Titusville's economic activity represents 5.05% of Brevard County's $16,070MM in economic activity. Brevard County represents 2.55% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $0 | 0.0% |
| Merchant wholesaler sales | $109 | 13.4% |
| Retail sales | $613 | 75.6% |
| Accommodation and food services sales | $89 | 11.0% |
| Total | $811 | 100% |
Brevard County Regional Comparisons
| City | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Cape Canaveral | 9,912 | $166 | 0.1% | $43,888 | 8,295 | $203,800 |
| Cocoa | 17,140 | $725 | 0.5% | $33,411 | 8,603 | $128,500 |
| Cocoa Beach | 11,231 | $264 | 0.3% | $53,951 | 8,866 | $295,700 |
| Melbourne | 76,068 | $5,321 | 1.1% | $42,089 | 38,955 | $153,400 |
| Merritt Island | 34,743 | $964 | X | $58,528 | 17,036 | $215,700 |
| Mims | 7,058 | $20 | X | $47,161 | 3,530 | $130,900 |
| Palm Bay | 103,190 | $3,806 | 0.9% | $44,768 | 45,220 | $138,600 |
| Palm Bay | 103,190 | $3,806 | 0.9% | $44,768 | 45,220 | $138,600 |
| Rockledge | 24,926 | $495 | 2.0% | $57,835 | 11,240 | $173,900 |
| Satellite Beach | 10,109 | $68 | 1.4% | $60,870 | 4,953 | $238,000 |
| Titusville | 43,761 | $811 | 0.4% | $44,148 | 22,729 | $140,700 |
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 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Brevard County | 543,376 | $16,070 | 0.7% | $50,068 | 270,512 | $171,200 |
| Osceola County | 268,685 | $7,448 | 7.0% | $46,479 | 129,830 | $170,200 |
| Orange County | 1,145,956 | $53,843 | 4.9% | $49,731 | 492,209 | $211,100 |
| Seminole County | 422,718 | $12,124 | 1.9% | $58,908 | 182,625 | $225,500 |
| Lake County | 297,052 | $5,430 | 2.1% | $47,509 | 145,303 | $167,900 |
| Volusia County | 494,593 | $10,951 | 0.5% | $44,169 | 254,981 | $172,100 |
| Sumter County | 93,420 | $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 |
Titusville Real Estate
There are 27,485 properties in Titusville. The following table shows a summary of them based on 2014 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Agricultural | 38 | 0.14 | 0 | n/a | n/a | n/a | n/a |
| Commercial Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Government Property | 366 | 1.33 | 1 | $375,000 | $144 | March 1st, 2014 | March 1st, 2014 |
| Health Care | 5 | 0.02 | 0 | n/a | n/a | n/a | n/a |
| Hotel & Motel | 25 | 0.09 | 1 | $300,000 | $104 | May 1st, 2014 | May 1st, 2014 |
| Industrial | 335 | 1.22 | 2 | $6,100,000 | $147 | February 1st, 2014 | August 1st, 2014 |
| Miscellaneous Property | 29 | 0.11 | 0 | n/a | n/a | n/a | n/a |
| Mobile/Manufactured | 651 | 2.37 | 17 | $40,000 | $41 | January 1st, 2014 | August 1st, 2014 |
| Multifamily | 1,079 | 3.93 | 19 | $71,000 | $35 | February 1st, 2014 | August 1st, 2014 |
| Office | 379 | 1.38 | 5 | $145,000 | $86 | March 1st, 2014 | July 1st, 2014 |
| Residential | 23,647 | 86.04 | 954 | $68,500 | $52 | January 1st, 2014 | September 1st, 2014 |
| Residential Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Retail | 740 | 2.69 | 27 | $249,400 | $52 | January 1st, 2014 | August 1st, 2014 |
| Senior Housing | 29 | 0.11 | 24 | $5,200,000 | $57 | June 1st, 2014 | June 1st, 2014 |
| Special Purpose | 126 | 0.46 | 3 | $325,000 | $57 | January 1st, 2014 | August 1st, 2014 |
| Sports & Entertaining | 36 | 0.13 | 1 | $1,200,000 | $169 | February 1st, 2014 | February 1st, 2014 |
Agricultural Real Estate in Titusville, Florida
38( .14%) of the properties in Titusville are classified as Agricultural.
Commercial Real Estate in Titusville, Florida
0( .00%) of the properties in Titusville are classified as Commercial.
Government Real Estate in Titusville, Florida
366( 1.33%) of the properties in Titusville are classified as Government. 1 of them sold between March 1st, 2014 and March 1st, 2014. The total value of these sales was $375,000. The median sales price was $375,000. In 2014 the median sales price for Government Property in Titusville was $144 per sq ft.
Health Care Real Estate in Titusville, Florida
5( .02%) of the properties in Titusville are classified as Health Care.
Hotel & Motel Real Estate in Titusville, Florida
25( .09%) of the properties in Titusville are classified as Hotel & Motel. 1 of them sold between May 1st, 2014 and May 1st, 2014. The total value of these sales was $300,000. The median sales price was $300,000. In 2014 the median sales price for Hotel & Motel in Titusville was $104 per sq ft.
Industrial Real Estate in Titusville, Florida
335( 1.22%) of the properties in Titusville are classified as Industrial. 2 of them sold between February 1st, 2014 and August 1st, 2014. The total value of these sales was $12,200,000. The median sales price was $6,100,000. In 2014 the median sales price for Industrial in Titusville was $147 per sq ft.
Miscellaneous Real Estate in Titusville, Florida
29( .11%) of the properties in Titusville are classified as Miscellaneous.
Mobile/Manufactured Real Estate in Titusville, Florida
651( 2.37%) of the properties in Titusville are classified as Mobile/Manufactured. 17 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $608,600. The median sales price was $40,000. In 2014 the median sales price for Mobile/Manufactured in Titusville was $41 per sq ft.
Multifamily Real Estate in Titusville, Florida
1,079( 3.93%) of the properties in Titusville are classified as Multifamily. 19 of them sold between February 1st, 2014 and August 1st, 2014. The total value of these sales was $2,061,700. The median sales price was $71,000. In 2014 the median sales price for A Class Multifamily in Titusville was $65 per sq ft, B Class properties sold for $35/ft and C Class $18/ft.
Office Real Estate in Titusville, Florida
379( 1.38%) of the properties in Titusville are classified as Office. 5 of them sold between March 1st, 2014 and July 1st, 2014. The total value of these sales was $621,000. The median sales price was $145,000. In 2014 the median sales price for Office in Titusville was $86 per sq ft.
Residential Real Estate in Titusville, Florida
23,647( 86.04%) of the properties in Titusville are classified as Residential. 954 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $90,013,724. The median sales price was $68,500. In 2014 the median sales price for A Class Residential in Titusville was $102 per sq ft, B Class properties sold for $52/ft and C Class $24/ft.
Residential Real Estate in Titusville, Florida
0( .00%) of the properties in Titusville are classified as Residential.
Retail Real Estate in Titusville, Florida
740( 2.69%) of the properties in Titusville are classified as Retail. 27 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $15,028,400. The median sales price was $249,400. In 2014 the median sales price for A Class Retail in Titusville was $107 per sq ft, B Class properties sold for $52/ft and C Class $26/ft.
Senior Housing Real Estate in Titusville, Florida
29( .11%) of the properties in Titusville are classified as Senior Housing. 24 of them sold between June 1st, 2014 and June 1st, 2014. The total value of these sales was $124,800,000. The median sales price was $5,200,000. In 2014 the median sales price for A Class Senior Housing in Titusville was $57 per sq ft, B Class properties sold for $57/ft and C Class $57/ft.
Special Purpose Real Estate in Titusville, Florida
126( .46%) of the properties in Titusville are classified as Special Purpose. 3 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $884,000. The median sales price was $325,000. In 2014 the median sales price for Special Purpose in Titusville was $57 per sq ft.
Sports & Entertaining Real Estate in Titusville, Florida
36( .13%) of the properties in Titusville are classified as Sports & Entertaining. 1 of them sold between February 1st, 2014 and February 1st, 2014. The total value of these sales was $1,200,000. The median sales price was $1,200,000. In 2014 the median sales price for Sports & Entertaining in Titusville was $169 per sq ft.
Titusville, Brevard County Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 18 | 23,857 |
| Government Property | 361 | 16,180,602 |
| Health Care | 3 | 144,093 |
| Hotel & Motel | 19 | 601,899 |
| Industrial | 281 | 9,813,354 |
| Land | 2,440 | 2,917,284 |
| Miscellaneous Property | 22 | 50,940 |
| Mobile/Manufactured | 296 | 314,470 |
| Multifamily | 850 | 32,732,493 |
| Office | 349 | 2,222,991 |
| Residential | 23,426 | 33,778,153 |
| Retail | 650 | 8,514,332 |
| Senior Housing | 15 | 1,162,776 |
| Special Purpose | 121 | 2,051,194 |
| Sports & Entertaining | 27 | 342,851 |
Titusville Median Property Values per Sq Ft
| Property Class | Class A | Class B | Class C | ||||
|---|---|---|---|---|---|---|---|
| Usage | Year | Sale | Lease | Sale | Lease | Sale | Lease |
| 1/2 Duplex Used As Sfr | 2016 | $123 | $16 | $83 | $16 | $65 | $16 |
| Airport (private or commercial), bus terminal, marine terminal, pier or marina. | 2016 | $289 | $14 | $119 | $10 | $53 | $8 |
| Auto sales, auto repair and storage or auto service shop | 2016 | $212 | $15 | $99 | $8 | $44 | $6 |
| Bowling alley, skating rink, pool hall or enclosed arena | 2016 | $212 | $13 | $99 | $9 | $44 | $6 |
| Centrally assessed | 2016 | $134 | $42 | $94 | $15 | $42 | $6 |
| Church | 2016 | $134 | $14 | $94 | $10 | $42 | $8 |
| Club, lodge or union hall | 2016 | $134 | $14 | $94 | $10 | $42 | $8 |
| College | 2016 | $134 | $11 | $94 | $7 | $42 | $6 |
| Community Shopping Center | 2016 | $212 | $15 | $99 | $8 | $44 | $6 |
| Condominium | 2016 | $211 | $16 | $75 | $16 | $42 | $16 |
| Condominium Unit | 2016 | $123 | $16 | $83 | $16 | $65 | $16 |
| Convenience Store With Gas Pump | 2016 | $123 | $15 | $83 | $8 | $65 | $6 |
| County Owned | 2016 | $134 | $11 | $94 | $7 | $42 | $6 |
| County Owned Land-Improved (That Does Not Qualify In Another Code) | 2016 | $123 | $6 | $83 | $6 | $65 | $6 |
| County Owned Land-Vacant (That Does Not Qualify In Another Code) | 2016 | $123 | $6 | $83 | $6 | $65 | $6 |
| Duplex | 2016 | $123 | $8 | $83 | $6 | $65 | $4 |
| Enclosed theater or auditorium | 2016 | $212 | $13 | $99 | $9 | $44 | $6 |
| Financial institution (bank, saving and loan company, mortgage company, credit services) | 2016 | $212 | $15 | $99 | $8 | $44 | $6 |
| Florist or greenhouse | 2016 | $212 | $15 | $99 | $8 | $44 | $6 |
| Golf course or driving range | 2016 | $212 | $13 | $99 | $9 | $44 | $6 |
| Government Undefined | 2016 | $134 | $11 | $94 | $7 | $42 | $6 |
| Grazing land soil capability Class II | 2016 | $134 | $27 | $94 | $15 | $42 | $9 |
| Heavy industrial | 2016 | $134 | $5 | $94 | $4 | $42 | $4 |
| Home for the aged | 2016 | $134 | $15 | $94 | $10 | $42 | $9 |
| Hospital | 2016 | $134 | $11 | $94 | $7 | $42 | $6 |
| Hotel or motel | 2016 | $212 | $33 | $99 | $33 | $44 | $33 |
| Light manufacturing | 2016 | $134 | $5 | $94 | $4 | $42 | $4 |
| Lumber yard, sawmill or planing mill | 2016 | $134 | $5 | $94 | $4 | $42 | $4 |
| Mineral processing, cement plant,refinery, clay plants or gravel plant | 2016 | $134 | $5 | $94 | $4 | $42 | $4 |
| Mixed Use- Commercial Property | 2016 | $123 | $5 | $83 | $4 | $65 | $4 |
| Mixed use - store and office or store and residential or residential combination | 2016 | $212 | $15 | $99 | $8 | $44 | $6 |
| Mobile Home | 2016 | $85 | $6 | $55 | $6 | $30 | $6 |
| Mortuary, cemetery or crematorium | 2016 | $134 | $14 | $94 | $10 | $42 | $8 |
| Motor Inn | 2016 | $123 | $33 | $83 | $33 | $65 | $33 |
| Multi-family - 10 units or more | 2016 | $124 | $8 | $59 | $6 | $59 | $4 |
| Multi-family - less than 10 units | 2016 | $66 | $8 | $43 | $6 | $31 | $4 |
| Municipal Owned | 2016 | $134 | $11 | $94 | $7 | $42 | $6 |
| Nightclub, cocktail lounge or bar | 2016 | $212 | $13 | $99 | $9 | $44 | $6 |
| Office Building- Single Tenant- 2 Or More Stories | 2016 | $123 | $13 | $83 | $10 | $65 | $7 |
| Office building, non-professional service building, multi-story | 2016 | $289 | $13 | $119 | $10 | $53 | $7 |
| Office building, non-professional service building, one story | 2016 | $289 | $13 | $119 | $10 | $53 | $7 |
| Open storage (building supplies, auto wrecking, fuel, equipment or material storage) | 2016 | $134 | $5 | $94 | $4 | $42 | $4 |
| Orchard Groves, Citrus, etc. | 2016 | $134 | $27 | $94 | $15 | $42 | $9 |
| Ornamentals, miscellaneous agricultural | 2016 | $134 | $27 | $94 | $15 | $42 | $9 |
| Orphanage, other non-profit or charitable services | 2016 | $134 | $14 | $94 | $10 | $42 | $8 |
| Packing plant (fruit and vegetable or meat packing) | 2016 | $134 | $5 | $94 | $4 | $42 | $4 |
| Parking Lot - Patron | 2016 | $123 | $15 | $83 | $8 | $65 | $6 |
| Poultry, bees, tropical fish, rabbits, etc. | 2016 | $134 | $27 | $94 | $15 | $42 | $9 |
| Private school or college | 2016 | $134 | $14 | $94 | $10 | $42 | $8 |
| Professional service building | 2016 | $289 | $13 | $119 | $10 | $53 | $7 |
| Public county school | 2016 | $134 | $11 | $94 | $7 | $42 | $6 |
| Race track: horse, auto or dog | 2016 | $212 | $13 | $99 | $9 | $44 | $6 |
| Repair service shop (excluding automotive) | 2016 | $212 | $15 | $99 | $8 | $44 | $6 |
| Residential Related Amenities | 2016 | $123 | $16 | $83 | $16 | $65 | $16 |
| Restaurant, cafeteria | 2016 | $212 | $15 | $99 | $8 | $44 | $6 |
| Sanitarium or convalescent rest home | 2016 | $134 | $25 | $94 | $17 | $42 | $11 |
| Service station | 2016 | $212 | $15 | $99 | $8 | $44 | $6 |
| Single Family | 2016 | $106 | $16 | $74 | $16 | $44 | $16 |
| Single Family Residence | 2016 | $123 | $16 | $83 | $16 | $65 | $16 |
| State Owned | 2016 | $134 | $11 | $94 | $7 | $42 | $6 |
| Store, one story | 2016 | $212 | $15 | $99 | $8 | $44 | $6 |
| Supermarket | 2016 | $212 | $15 | $99 | $8 | $44 | $6 |
| Timberland - site index 50 to 59 | 2016 | $134 | $27 | $94 | $15 | $42 | $9 |
| Tourist attraction, permanent exhibit or other entertainment facilities | 2016 | $212 | $13 | $99 | $9 | $44 | $6 |
| Townhouse | 2016 | $123 | $16 | $83 | $16 | $65 | $16 |
| Undefined - Reserved for Use by Department of Revenue | 2016 | $66 | $16 | $43 | $16 | $31 | $16 |
| Utility | 2016 | $134 | $42 | $94 | $15 | $42 | $6 |
| Warehousing, Distribution_Terminal, Trucking Terminal, Van & Storage | 2016 | $123 | $5 | $83 | $4 | $65 | $4 |
| Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 2016 | $134 | $5 | $94 | $4 | $42 | $4 |