Brevard County Real Estate - Palm Bay

Palm Bay is in East Central Florida. It's population as recorded in the 2010 Census was 103,190.

The median age for residents of Palm Bay is 39.8. Around 33.8% of Palm Bay households include school aged children and 28.7% of households include individuals aged 65 years or over. Census records indicate 72.9% of the Palm Bay population are White, 17.9% are Black or African American, .4% American Indian, 1.7% Asian and 3.5% are Two or more Races.

There are 45,220 housing units in Palm Bay. 5,738 (12.6%) of these were reported as vacant in the 2010 Census. There are 11,507 residential rental units in Palm Bay. 10,117 of them were occupied in 2010 providing a residential rental vacancy rate of 11.7%.

Palm Bay links:

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

AddressTypeSq FtClass 
690 Fernandina St Nw Single Family 1,204 B
678 Fernandina St Nw Vacant Residential 0 L
659 Commargo Rd Nw Single Family 2,083 B
651 Commargo Rd Nw Vacant Residential 0 L
700 Fernandina St Nw Single Family 1,169 C
672 Fernandina St Nw Single Family 1,416 B
667 Commargo Rd Nw Single Family 2,343 B
643 Commargo Rd Nw Single Family 2,013 B
685 Fernandina St Nw Single Family 1,375 B
679 Fernandina St Nw Single Family 1,655 B
691 Fernandina St Nw Single Family 1,120 B
673 Fernandina St Nw Single Family 1,186 B
675 Commargo Rd Nw Single Family 2,006 B
716 Fernandina St Nw Single Family 1,025 C
668 Fernandina St Nw Single Family 1,025 C
635 Commargo Rd Nw Single Family 2,083 B
701 Fernandina St Nw Single Family 1,813 B
667 Fernandina St Nw Single Family 2,401 B
674 Commargo Rd Nw Single Family 2,233 B
596 Commodore Ave Nw Single Family 1,324 B
683 Commargo Rd Nw Vacant Residential 0 L
627 Commargo Rd Nw Vacant Residential 0 L
732 Fernandina St Nw Single Family 1,025 C
660 Fernandina St Nw Single Family 1,025 C
682 Commargo Rd Nw Single Family 2,479 B
717 Fernandina St Nw Single Family 1,410 B
661 Fernandina St Nw Single Family 1,930 C
690 Commargo Rd Nw Single Family 2,690 B
597 Commodore Ave Nw Vacant Residential 0 L
619 Commargo Rd Nw Single Family 2,458 B
691 Commargo Rd Nw Vacant Residential 0 L
733 Fernandina St Nw Single Family 2,083 B
748 Fernandina St Nw Single Family 1,243 B
655 Fernandina St Nw Single Family 1,215 B
560 Commodore Ave Nw Single Family 1,993 B
654 Fernandina St Nw Single Family 1,205 C
579 Commodore Ave Nw Single Family 2,269 B
649 Fernandina St Nw Single Family 1,247 B
749 Fernandina St Nw Single Family 1,398 B
613 Commargo Rd Nw Vacant Residential 0 L
764 Fernandina St Nw Single Family 1,025 C

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
755 Hanau Ave Nw .24 0 $280,190
814 Sorrel St Nw .26 0 $27,000
855 Sorrel St Nw .35 0 $27,000
390 Americana Blvd Nw .58 0 $349,000
1507 Jupiter Blvd Nw .75 0 $29,500
274 Shalimar Ave Nw .77 0 $34,900
1033 Benedictine St Nw .77 0 $65,000
1049 Altamira St Nw .77 0 $29,999
890 Koln Ct Nw .81 1,492 $239,900
1115 Ivanhoe St Nw .81 1,504 $205,000
756 Munich St Nw .86 1,420 $259,000
571 Jupiter Blvd Nw 1.25 2,249 $259,900
447 Wellwood St Sw 1.29 1,025 $34,900
1112 Wing Rd Sw 1.3 0 $25,000
1066 Wing Rd Sw 1.3 0 $24,000

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 48 of all properties in this area. This suggests it would appeal to someone earning around $63,487 per year who should qualify for a mortgage between $126,974 and $158,718.

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 48 of all properties in this area. This corresponds to a rent of $830 per month and a monthly household income of $3,051 ($36,612 per year)

Disclaimers and Disclosures

Public Records Data

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