438 Hamy St Sw, Palm Bay
Brevard County Real Estate - Malabar
Malabar is a small town located south of Palm Bay in Brevard County, Florida. Established in 1883 and incorporated in 1962, Malabar is known for its old-Florida atmosphere and semi-rural environment.
Malabar is in East Central Florida. It's population as recorded in the 2010 Census was 2,757. Malabar is approximately 52 miles from Port Saint Lucie (population 164,603) and around 3 miles from Palm Bay (population 103,190).
The median age for residents of Malabar is 50. Around 25.1% of Malabar households include school aged children and 32.4% of households include individuals aged 65 years or over. Census records indicate 91.6% of the Malabar population are White, 3.8% are Black or African American, .4% American Indian, .9% Asian and 2.4% are Two or more Races.
There are 1,239 housing units in Malabar. 115 (9.2%) of these were reported as vacant in the 2010 Census. Malabar is a tourist destination, 36.5% (42) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 128 residential rental units in Malabar. 111 of them were occupied in 2010 providing a residential rental vacancy rate of 12.5%.
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.
|454 Hamy St Sw||Single Family||1,823||B|
|430 Hamy St Sw||Vacant Residential||0||L|
|447 Gancedo St Sw||Vacant Residential||0||L|
|439 Gancedo St Sw||Vacant Residential||0||L|
|455 Gancedo St Sw||Vacant Residential||0||L|
|439 Hamy St Sw||Single Family||2,155||B|
|447 Hamy St Sw||Vacant Residential||0||L|
|462 Hamy St Sw||Vacant Residential||0||L|
|422 Hamy St Sw||Single Family||2,020||B|
|423 Gancedo St Sw||Single Family||1,715||B|
|431 Hamy St Sw||Single Family||2,173||B|
|455 Hamy St Sw||Vacant Residential||0||L|
|463 Gancedo St Sw||Vacant Residential||0||L|
|423 Hamy St Sw||Vacant Residential||0||L|
|463 Hamy St Sw||Vacant Residential||0||L|
|470 Hamy St Sw||Vacant Residential||0||L|
|414 Hamy St Sw||Vacant Residential||0||L|
|446 Gancedo St Sw||Vacant Residential||0||L|
|438 Mimosa St Sw||Vacant Residential||0||L|
|446 Mimosa St Sw||Vacant Residential||0||L|
|471 Gancedo St Sw||Vacant Residential||0||L|
|454 Gancedo St Sw||Vacant Residential||0||L|
|430 Mimosa St Sw||Single Family||2,112||B|
|454 Mimosa St Sw||Vacant Residential||0||L|
|471 Hamy St Sw||Vacant Residential||0||L|
|415 Hamy St Sw||Vacant Residential||0||L|
|415 Gancedo St Sw||Single Family||2,094||B|
|462 Gancedo St Sw||Vacant Residential||0||L|
|478 Hamy St Sw||Vacant Residential||0||L|
|422 Mimosa St Sw||Single Family||2,141||B|
|462 Mimosa St Sw||Vacant Residential||0||L|
|2007 Harbell Ave Sw||Single Family||1,833||B|
|479 Gancedo St Sw||Single Family||1,636||B|
|470 Gancedo St Sw||Vacant Residential||0||L|
|479 Hamy St Sw||Vacant Residential||0||L|
|470 Mimosa St Sw||Single Family||1,859||B|
|414 Mimosa St Sw||Vacant Residential||0||L|
|411 Hamwood St Sw||Vacant Residential||0||L|
|2015 Harbell Ave Sw||Vacant Residential||0||L|
|425 Hamwood St Sw||Vacant Residential||0||L|
|486 Hamy St Sw||Vacant Residential||0||L|
|478 Gancedo St Sw||Vacant Residential||0||L|
|487 Gancedo St Sw||Vacant Residential||0||L|
|441 Hamwood St Sw||Vacant Residential||0||L|
|478 Mimosa St Sw||Vacant Residential||0||L|
|487 Hamy St Sw||Vacant Residential||0||L|
|439 Mimosa St Sw||Vacant Residential||0||L|
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
|2055 Gale Ave Sw||.16||0||$59,000|
|550 Gancedo St Sw||.24||0||$52,900|
|558 Gancedo St Sw||.25||0||$52,900|
|1958 New York Ave Sw||.52||0||$55,000|
|654 Heron Rd Sw||.54||0||$29,750|
|1726 Garvey Rd Sw||.59||0||$29,000|
|2182 Day Ave Sw||.6||0||$39,000|
|681 Windy Cove St Sw||.61||0||$39,998|
|801 Beach St Sw||.72||0||$34,900|
|375 Olsmar St Sw||.74||0||$65,000|
|2141 Soria Ave Sw||.77||0||$29,400|
|597 Lang Rd Sw||.79||0||$35,000|
|2189 Soria Ave Sw||.83||0||$27,000|
|2178 Hibiscus Ave Sw||.89||0||$21,900|
|1410 De Groodt Rd Sw||1||0||$393,750|
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 89 of all properties in this area. This suggests it would appeal to someone earning around $146,306 per year who should qualify for a mortgage between $292,612 and $365,765.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
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 89 of all properties in this area. This corresponds to a rent of $1,378 per month and a monthly household income of $4,705 ($56,460 per year)
438 Hamy St Sw