861 Ripley Ter Ne, Palm Bay
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:
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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
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 873 Ripley Ter Ne | Single Family | 1,792 | B |
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| 824 Emerson Dr Ne | Vacant Residential | 0 | L | |
| 849 Ripley Ter Ne | Single Family | 2,286 | B |
|
| 828 Emerson Dr Ne | Single Family | 1,906 | B |
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| 820 Emerson Dr Ne | Single Family | 2,392 | B |
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| 862 Ripley Ter Ne | Single Family | 2,439 | B |
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| 874 Ripley Ter Ne | Single Family | 2,180 | B |
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| 885 Ripley Ter Ne | Single Family | 1,969 | B |
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| 837 Ripley Ter Ne | Single Family | 1,630 | B |
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| 832 Emerson Dr Ne | Single Family | 1,282 | B |
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| 816 Emerson Dr Ne | Vacant Residential | 0 | L | |
| 838 Ripley Ter Ne | Single Family | 1,820 | B |
|
| 886 Ripley Ter Ne | Single Family | 1,790 | B |
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| 777 Alaska Ave Ne | Single Family | 2,490 | B |
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| 778 Rebab Ave Ne | Single Family | 2,155 | B |
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| 823 Emerson Dr Ne | Single Family | 1,895 | B |
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| 825 Ripley Ter Ne | Single Family | 1,616 | B |
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| 897 Ripley Ter Ne | Single Family | 1,668 | B |
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| 827 Emerson Dr Ne | Single Family | 2,032 | B |
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| 826 Ripley Ter Ne | Single Family | 2,341 | B |
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| 778 Alaska Ave Ne | Single Family | 2,152 | B |
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| 812 Emerson Dr Ne | Single Family | 1,486 | B |
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| 819 Emerson Dr Ne | Single Family | 1,482 | B |
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| 836 Emerson Dr Ne | Single Family | 1,575 | B |
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| 777 Rebab Ave Ne | Single Family | 2,120 | B |
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| 898 Ripley Ter Ne | Single Family | 1,745 | B |
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| 831 Emerson Dr Ne | Single Family | 2,350 | B |
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| 759 Alaska Ave Ne | Single Family | 2,267 | B |
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| 760 Rebab Ave Ne | Single Family | 2,196 | B |
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| 777 Turj Ave Ne | Single Family | 1,623 | B |
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| 796 Hawser St Ne | Single Family | 1,840 | B |
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| 813 Ripley Ter Ne | Single Family | 1,754 | B |
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Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
| Address | Miles | Sq Ft | Price | |
|---|---|---|---|---|
| 656 Delmonico St Ne | .84 | 0 | $389,900 | |
| 302 Arapahoe Ln Ne | .95 | 1,662 | $335,000 |
|
| 1215 Shell Ct Ne | 1.14 | 960 | $139,900 |
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| 203 Eldron Blvd Ne | 1.29 | 0 | $67,000 | |
| 126 Deauville Ave Se | 1.7 | 0 | $55,000 | |
| 1664 Sunny Brook Ln Ne | 1.73 | 914 | $225,000 |
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| 1260 Ein Ct Nw | 1.77 | 2,056 | $519,900 |
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| 232 Treu Ter Nw | 1.8 | 1,457 | $275,000 |
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| 383 Emerson Dr Nw | 1.84 | 1,130 | $265,999 |
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| 1386 Unter Ave Nw | 1.94 | 0 | $362,900 | |
| 603 Heming Way | 2.16 | 0 | $414,700 | |
| 236 Santo Domingo Ave Sw | 2.21 | 0 | $49,900 | |
| 1294 Cimarron Cir Ne | 2.24 | 1,950 | $424,900 |
|
| 899 Andrew St Se | 2.34 | 0 | $459,900 | |
| 1139 Brickell St Se | 2.37 | 1,444 | $300,000 |
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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 71 of all properties in this area. This suggests it would appeal to someone earning around $99,028 per year who should qualify for a mortgage between $198,056 and $247,570.
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 71 of all properties in this area. This corresponds to a rent of $1,012 per month and a monthly household income of $3,735 ($44,820 per year)
Nearby Companies
813 Ripley Ter Ne
849 Ripley Terrace Ne