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 
835 Doverbrook Rd Nw Single Family 1,272 B
855 Doverbrook Rd Nw Vacant Residential 0 L
825 Doverbrook Rd Nw Vacant Residential 0 L
856 Doverbrook Rd Nw Vacant Residential 0 L
865 Doverbrook Rd Nw Vacant Residential 0 L
846 Doverbrook Rd Nw Single Family 1,406 B
826 Doverbrook Rd Nw Single Family 910 C
815 Doverbrook Rd Nw Vacant Residential 0 L
875 Doverbrook Rd Nw Single Family 1,016 B
816 Doverbrook Rd Nw Vacant Residential 0 L
886 Doverbrook Rd Nw Single Family 1,981 B
877 Ontario St Nw Single Family 792 C
805 Doverbrook Rd Nw Vacant Residential 0 L
863 Ontario St Nw Vacant Residential 0 L
449 Bridgeport Ave Nw Single Family 1,068 B
443 Bridgeport Ave Nw Vacant Residential 0 L
806 Doverbrook Rd Nw Vacant Residential 0 L
895 Doverbrook Rd Nw Single Family 1,466 B
437 Bridgeport Ave Nw Vacant Residential 0 L
461 Bridgeport Ave Nw Single Family 1,068 B
849 Ontario St Nw Single Family 1,116 C
797 Doverbrook Rd Nw Vacant Residential 0 L
431 Bridgeport Ave Nw Vacant Residential 0 L
796 Doverbrook Rd Nw Vacant Residential 0 L
835 Ontario St Nw Vacant Residential 0 L
467 Bridgeport Ave Nw Vacant Residential 0 L
425 Bridgeport Ave Nw Single Family 1,080 C
876 Ontario St Nw Single Family 2,035 B
785 Doverbrook Rd Nw Vacant Residential 0 L
898 Ontario St Nw Single Family 1,320 C
890 Ontario St Nw Single Family 1,272 C
821 Ontario St Nw Vacant Residential 0 L
473 Bridgeport Ave Nw Single Family 1,068 B

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
906 Pyracantha St Nw .31 0 $39,900
171 Carmelite Ave Nw .34 0 $399,900
413 Carpenter Ave Nw .36 0 $45,000
1033 Benedictine St Nw .42 0 $67,900
169 Hurtig Ave Nw .42 0 $42,900
163 Hurtig Ave Nw .43 1,597 $300,000
991 Pyracantha St Nw .44 0 $369,900
177 Shalimar Ave Nw .46 0 $55,000
201 Jefferson Ave Nw .47 1,314 $299,900
237 Nabble Ave Nw .47 0 $68,000
171 Shalimar Ave Nw .47 0 $55,000
671 Americana Blvd Nw .49 1,838 $359,900
1061 Serenade St Nw .51 0 $40,000
401 Borraclough Ave Nw .53 1,555 $330,000
420 Helicon Ave Nw .56 1,858 $330,000

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 6 of all properties in this area. This suggests it would appeal to someone earning around $17,655 per year who should qualify for a mortgage between $35,310 and $44,138.

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 6 of all properties in this area. This corresponds to a rent of $332 per month and a monthly household income of $1,894 ($22,728 per year)

Disclaimers and Disclosures

Public Records Data

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