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 
1023 Jersey Ln Ne Single Family 1,014 C
1059 Jersey Ln Ne Single Family 1,603 C
1040 Eyerly Ln Ne Single Family 1,215 C
1058 Eyerly Ln Ne Single Family 1,319 C
1022 Eyerly Ln Ne Single Family 1,551 C
2896 Floresta Dr Ne Single Family 1,456 C
1005 Jersey Ln Ne Single Family 1,174 C
2899 Newcastle Dr Ne Single Family 1,318 C
1077 Jersey Ln Ne Single Family 1,014 C
1076 Eyerly Ln Ne Single Family 1,120 C
1004 Eyerly Ln Ne Single Family 1,137 C
997 Jersey Ln Ne Single Family 1,244 C
2897 Floresta Dr Ne Single Family 1,092 C
2906 Redgrove Dr Ne Single Family 1,161 C
2884 Floresta Dr Ne Single Family 1,644 B
2891 Newcastle Dr Ne Single Family 1,437 C
1023 Eyerly Ln Ne Single Family 1,092 C
1101 Daytona Dr Ne Single Family 1,612 C
1111 Daytona Dr Ne Single Family 1,104 C
1005 Eyerly Ln Ne Single Family 1,092 C
2885 Floresta Dr Ne Single Family 1,120 C
981 Jersey Ln Ne Single Family 1,080 C
2907 Redgrove Dr Ne Single Family 1,870 C
994 Eyerly Ln Ne Single Family 1,137 C
1099 Daytona Dr Ne Single Family 1,602 C
2872 Floresta Dr Ne Single Family 1,120 C
2881 Newcastle Dr Ne Single Family 1,301 C
2914 Redgrove Dr Ne Single Family 1,089 C
982 Vangi Ln Ne Single Family 1,304 C
995 Eyerly Ln Ne Single Family 1,092 C
1095 Daytona Dr Ne Single Family 1,437 C
1121 Daytona Dr Ne Single Family 1,128 C
2873 Floresta Dr Ne Single Family 1,900 B
965 Jersey Ln Ne Single Family 1,499 C
968 Vangi Ln Ne Vacant Residential 0 L
2915 Redgrove Dr Ne Single Family 1,120 C
976 Eyerly Ln Ne Single Family 1,092 C
2860 Floresta Dr Ne Single Family 1,120 C

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
1181 Daytona Dr Ne .15 1,092 $284,000
1194 Ver Cir Ne .28 0 $415,000
3079 Indian River Dr Ne .57 672 $129,500
2971 Indian River Dr Ne .59 672 $158,000
4720 Dixie Hwy Ne .76 2,672 $1,399,000
1500 Main St Ne .89 11,200 $1,099,000
4845 Dixie Hwy Ne .9 4,188 $5,999,982
1495 Absaroka Ln 1.43 0 $220,000
1572 Malabar Rd 1.66 0 $295,000
2264 Ladner Rd Ne 1.69 0 $49,900
1780 Live Oak St Ne 1.78 828 $129,900
1294 Cimarron Cir Ne 1.97 1,950 $424,900
880 Malabar Rd 1.99 900 $1,500,000
4927 Pinewood Dr Ne 2.21 1,036 $175,000
1664 Sunny Brook Ln Ne 2.32 914 $225,000

Local Household Income

The median household income in this part of Florida is $52,102. The bottom 10% of the population earn less than $18,452 per year. The top 10% earn more than $121,913 per year. The top 1% earn more than $336,928 per year. Most renters earn between $25,716 (20th percentile) and $40,716 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $104,204 and $130,255.

The tax assessed value of this property places it in percentile 17 of all properties in this area. This suggests it would appeal to someone earning around $24,994 per year who should qualify for a mortgage between $49,988 and $62,485.

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 $923. Most renters earn between $2,143 and $3,393 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $700 (20th percentile) to $1,197 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 17 of all properties in this area. This corresponds to a rent of $675 per month and a monthly household income of $2,073 ($24,876 per year)

Nearby Companies

Metrosweeper Services, Inc.
2860 Floresta Dr Ne
Afo Enterprises, Inc.
2860 Floresta Dr
Disclaimers and Disclosures

Public Records Data

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