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%.

Malabar 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 
572 Olivia St Sw Vacant Residential Land - Single Family Platted 0 L
581 Fitchburg St Sw Vacant Residential 0 L
571 Fitchburg St Sw Single Family 1,814 B
562 Olivia St Sw Single Family 2,756 B
581 Olivia St Sw Vacant Residential 0 L
571 Olivia St Sw Single Family 1,799 B
561 Fitchburg St Sw Vacant Residential 0 L
561 Olivia St Sw Vacant Residential 0 L
2508 Fleming Ave Sw Single Family 2,020 B
2518 Fleming Ave Sw Single Family 2,006 B
551 Fitchburg St Sw Vacant Residential 0 L
2528 Fleming Ave Sw Vacant Residential 0 L
551 Olivia St Sw Vacant Residential 0 L
592 Ladyslipper St Sw Single Family 1,713 B
588 Fitchburg St Sw Single Family 2,465 B
580 Fitchburg St Sw Vacant Residential 0 L
572 Ladyslipper St Sw Vacant Residential 0 L
2538 Fleming Ave Sw Single Family 1,814 B
572 Fitchburg St Sw Vacant Residential 0 L
562 Ladyslipper St Sw Vacant Residential 0 L
2488 Fleming Ave Sw Vacant Residential 0 L
541 Fitchburg St Sw Vacant Residential 0 L
542 Olivia St Sw Single Family 2,236 B
541 Olivia St Sw Vacant Residential 0 L
564 Fitchburg St Sw Single Family 2,020 B
552 Ladyslipper St Sw Vacant Residential 0 L
2548 Fleming Ave Sw Vacant Residential 0 L
2478 Fleming Ave Sw Vacant Residential 0 L
531 Fitchburg St Sw Vacant Residential 0 L
587 Hammond St Sw Vacant Residential 0 L
579 Hammond St Sw Single Family 2,006 B
556 Fitchburg St Sw Vacant Residential 0 L
531 Olivia St Sw Vacant Residential 0 L
542 Ladyslipper St Sw Vacant Residential 0 L
571 Hammond St Sw Vacant Residential 0 L
2509 Valentine Ave Sw Vacant Residential 0 L
601 Olivia St Sw Vacant Residential 0 L
2558 Fleming Ave Sw Single Family 2,047 B
2468 Fleming Ave Sw Vacant Residential 0 L
587 Ladyslipper St Sw Vacant Residential 0 L
522 Olivia St Sw Vacant Residential 0 L
2517 Valentine Ave Sw Vacant Residential 0 L
579 Ladyslipper St Sw Vacant Residential 0 L
563 Hammond St Sw Single Family 2,020 B

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
2518 Fleming Ave Sw .05 2,006 $349,900
2425 Largo Ave Sw .21 0 $50,000
580 Olsmar St Sw .23 0 $149,000
757 Sailboat St Sw .26 0 $29,750
557 Felton St Sw .26 0 $53,000
645 Hurricane St Sw .26 0 $22,500
772 Sailboat St Sw .28 0 $50,000
482 Gallagher St Sw .28 0 $52,000
2486 Bimini Ave Sw .3 0 $27,000
741 Hurricane St Sw .32 0 $29,750
450 Gallagher St Sw .33 0 $351,165
458 Olsmar St Sw .36 0 $399,900
518 Lamon St Sw .37 0 $65,000
435 Olney St Sw .37 0 $57,000
427 Olney St Sw .38 0 $57,000

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.

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%.

Disclaimers and Disclosures

Public Records Data

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