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 
680 Dubuque Ave Se Single Family 1,588 C
640 Dubuque Ave Se Single Family 1,204 C
661 Montana Ave Se Single Family 0 B
681 Montana Ave Se Single Family 1,117 C
641 Montana Ave Se Single Family 1,809 B
700 Dubuque Ave Se Vacant Residential 0 L
620 Dubuque Ave Se Vacant Residential 0 L
641 Dubuque Ave Se Single Family 1,050 C
681 Dubuque Ave Se Vacant Residential 0 L
701 Montana Ave Se Single Family 1,204 C
621 Montana Ave Se Vacant Residential 0 L
621 Dubuque Ave Se Single Family 1,163 C
720 Dubuque Ave Se Vacant Residential 0 L
701 Dubuque Ave Se Vacant Residential 0 L
721 Montana Ave Se Single Family 1,884 B
250 Brickell St Se Single Family 1,742 B
601 Dubuque Ave Se Single Family 1,236 B
660 Montana Ave Se Single Family 1,192 C
721 Dubuque Ave Se Vacant Residential 0 L
680 Montana Ave Se Vacant Residential 0 L
640 Montana Ave Se Single Family 1,192 C
740 Dubuque Ave Se Vacant Residential 0 L
700 Montana Ave Se Vacant Residential 0 L
741 Montana Ave Se Vacant Residential 0 L
644 Hernandes Ave Se Vacant Residential 0 L
628 Hernandes Ave Se Vacant Residential 0 L
660 Hernandes Ave Se Single Family 1,154 C
620 Montana Ave Se Single Family 1,889 B
612 Hernandes Ave Se Vacant Residential 0 L
720 Montana Ave Se Vacant Residential 0 L
263 Brickell St Se Vacant Residential 0 L
760 Dubuque Ave Se Single Family 904 C
275 Brickell St Se Single Family 2,000 B
741 Dubuque Ave Se Single Family 1,895 B
692 Hernandes Ave Se Single Family 1,614 C
251 Brickell St Se Vacant Residential 0 L
287 Brickell St Se Single Family 2,000 B
761 Montana Ave Se Single Family 1,812 B
683 Caballero Ave Se Vacant Residential 0 L
689 Caballero Ave Se Single Family 950 C
671 Caballero Ave Se Vacant Residential 0 L
740 Montana Ave Se Single Family 888 C
239 Brickell St Se Vacant Residential 0 L
299 Brickell St Se Vacant Residential 0 L

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
581 Andrew St Se .57 0 $35,000
930 Hammacher Ave Sw .62 0 $434,800
771 Everglade Ave Se .77 0 $59,900
328 Danis Rd Sw .86 0 $59,000
433 Harrington St Sw .97 0 $349,900
236 Santo Domingo Ave Sw .99 0 $49,900
126 Deauville Ave Se 1.06 0 $55,000
1085 Harlingen Rd Sw 1.15 0 $35,000
660 Merrimac St Se 1.15 0 $399,900
590 Estes Ave Sw 1.19 0 $349,900
160 Hanley Rd Sw 1.22 0 $37,000
533 Dando St Sw 1.3 0 $35,000
967 Armstrong Rd Se 1.3 0 $59,900
961 Armstrong Rd Se 1.3 0 $59,900
203 Eldron Blvd Ne 1.32 0 $67,000

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.

The tax assessed value of this property places it in percentile 7 of all properties in this area. This suggests it would appeal to someone earning around $19,344 per year who should qualify for a mortgage between $38,688 and $48,360.

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 7 of all properties in this area. This corresponds to a rent of $383 per month and a monthly household income of $2,012 ($24,144 per year)

Disclaimers and Disclosures

Public Records Data

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