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 
411 Buffum Ave Ne Single Family 901 C
431 Buffum Ave Ne Vacant Residential 0 L
420 Georges Ave Ne Single Family 1,236 C
410 Georges Ave Ne Single Family 1,126 C
430 Georges Ave Ne Single Family 1,632 C
441 Buffum Ave Ne Single Family 1,410 B
401 Buffum Ave Ne Single Family 2,252 B
420 Buffum Ave Ne Single Family 1,494 B
430 Buffum Ave Ne Single Family 1,636 B
440 Georges Ave Ne Single Family 1,208 C
2059 Kent St Ne Single Family 1,513 B
2037 Kent St Ne Vacant Residential 0 L
440 Buffum Ave Ne Single Family 1,230 B
451 Buffum Ave Ne Single Family 1,410 B
450 Georges Ave Ne Single Family 961 C
2031 Kent St Ne Vacant Residential 0 L
450 Buffum Ave Ne Single Family 1,114 C
421 Georges Ave Ne Vacant Residential 0 L
423 Bradley Ave Ne Single Family 1,152 C
441 Bradley Ave Ne Single Family 1,300 C
411 Georges Ave Ne Single Family 1,480 B
431 Georges Ave Ne Single Family 1,344 C
461 Buffum Ave Ne Single Family 1,753 B
2048 Kent St Ne Vacant Residential 0 L
459 Bradley Ave Ne Single Family 1,572 B
2054 Kent St Ne Single Family 1,417 C
401 Georges Ave Ne Single Family 1,678 C
2042 Kent St Ne Single Family 1,435 C
441 Georges Ave Ne Single Family 1,220 B
460 Georges Ave Ne Single Family 2,248 B
2060 Kent St Ne Single Family 1,548 B
460 Buffum Ave Ne Single Family 1,316 C
2036 Kent St Ne Vacant Residential 0 L
477 Bradley Ave Ne Single Family 1,316 C
451 Georges Ave Ne Vacant Residential 0 L
471 Buffum Ave Ne Single Family 1,378 B
2066 Kent St Ne Single Family 1,718 B
2078 Dogwood St Ne Single Family 1,860 B
470 Georges Ave Ne Single Family 1,512 C
2030 Kent St Ne Single Family 912 C
2077 Kent St Ne Single Family 1,348 C
2100 Greyfield St Ne Single Family 1,176 C
2072 Kent St Ne Single Family 1,814 B
2060 Dogwood St Ne Single Family 1,226 B

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
2264 Ladner Rd Ne .43 0 $49,900
880 Malabar Rd .68 900 $1,500,000
1498 Norman St Ne 1.16 0 $99,800
1495 Absaroka Ln 1.23 0 $220,000
1664 Sunny Brook Ln Ne 1.34 914 $225,000
1572 Malabar Rd 1.4 0 $295,000
1294 Cimarron Cir Ne 1.53 1,950 $424,900
1203 Linmoor Cir Ne 1.58 1,320 $350,000
1215 Shell Ct Ne 1.64 960 $139,900
1181 Daytona Dr Ne 2.07 1,092 $284,000
1194 Ver Cir Ne 2.08 0 $415,000
4927 Pinewood Dr Ne 2.28 1,036 $175,000
1333 Talleyrand St Se 2.31 0 $39,000
1323 Talleyrand St Se 2.32 0 $39,000
1491 Emerson Dr Ne 2.33 1,734 $799,000

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 77 of all properties in this area. This suggests it would appeal to someone earning around $86,123 per year who should qualify for a mortgage between $172,246 and $215,308.

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 77 of all properties in this area. This corresponds to a rent of $1,152 per month and a monthly household income of $3,239 ($38,868 per year)

Disclaimers and Disclosures

Public Records Data

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