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 
879 Americana Blvd Nw Single Family 1,116 B
867 Americana Blvd Nw Single Family 1,780 B
862 Altamira St Nw Single Family 1,056 B
870 Altamira St Nw Vacant Residential 0 L
861 Americana Blvd Nw Single Family 1,121 B
885 Americana Blvd Nw Utility 0 L
846 Altamira St Nw Single Family 1,544 B
878 Altamira St Nw Vacant Residential 0 L
872 Americana Blvd Nw Single Family 1,248 B
868 Americana Blvd Nw Single Family 2,160 B
855 Americana Blvd Nw Single Family 1,211 B
878 Americana Blvd Nw Single Family 1,379 B
838 Altamira St Nw Single Family 2,029 B
1459 Jupiter Blvd Nw Single Family 1,728 B
863 Altamira St Nw Single Family 1,257 B
855 Altamira St Nw Single Family 1,267 B
886 Altamira St Nw Single Family 1,484 B
847 Americana Blvd Nw Single Family 1,809 B
890 Americana Blvd Nw Single Family 1,341 B
847 Altamira St Nw Single Family 2,395 B
830 Altamira St Nw Single Family 2,160 B
286 Alegriano Rd Nw Single Family 1,513 B
846 Americana Blvd Nw Single Family 1,356 B
879 Altamira St Nw Vacant Residential 0 L
839 Altamira St Nw Vacant Residential 0 L
896 Americana Blvd Nw Single Family 1,474 B
843 Americana Blvd Nw Single Family 1,831 B
191 Carmelite Ave Nw Single Family 864 C
822 Altamira St Nw Single Family 962 C
831 Altamira St Nw Vacant Residential 0 L
895 Altamira St Nw Single Family 1,000 C
842 Americana Blvd Nw Vacant Residential 0 L
195 Carmelite Ave Nw Single Family 1,375 C
278 Alegriano Rd Nw Vacant Residential 0 C
183 Carmelite Ave Nw Single Family 925 C
837 Americana Blvd Nw Vacant Residential 0 L
285 Alegriano Rd Nw Single Family 2,716 B

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
1341 Defender St Nw .89 0 $39,900
1043 Pace Dr Nw .9 0 $356,900
346 Triana Ave Sw 1.03 0 $349,900
1266 Sapulpa Rd Sw 1.04 0 $349,900
1368 Wing Rd Sw 1.07 0 $52,500
490 Birch Ave Sw 1.25 0 $47,900
1171 Tupelo Rd Sw 1.28 0 $37,000
236 Santo Domingo Ave Sw 1.41 0 $49,900
740 Norse St Nw 1.44 0 $55,000
880 Geary St Sw 1.5 0 $49,900
590 Estes Ave Sw 1.51 0 $349,900
1698 Holbrook Rd Nw 1.54 0 $79,000
865 Harper Blvd Sw 1.67 0 $39,900
433 Harrington St Sw 1.67 0 $349,900
126 Deauville Ave Se 1.74 0 $55,000

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 35 of all properties in this area. This suggests it would appeal to someone earning around $48,989 per year who should qualify for a mortgage between $97,978 and $122,473.

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 35 of all properties in this area. This corresponds to a rent of $732 per month and a monthly household income of $2,730 ($32,760 per year)

Disclaimers and Disclosures

Public Records Data

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