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 
950 Colonial Ave Se Vacant Residential 0 L
934 Colonial Ave Se Single Family 1,480 C
955 Braddock Ave Se Single Family 864 C
963 Braddock Ave Se Single Family 924 C
947 Braddock Ave Se Vacant Residential 0 L
958 Colonial Ave Se Vacant Residential 0 L
926 Colonial Ave Se Single Family 1,858 B
951 Colonial Ave Se Single Family 1,374 C
971 Braddock Ave Se Single Family 1,894 B
939 Braddock Ave Se Vacant Residential 0 L
935 Colonial Ave Se Single Family 1,427 C
959 Colonial Ave Se Single Family 1,840 B
966 Colonial Ave Se Vacant Residential 0 L
918 Colonial Ave Se Vacant Residential 0 L
979 Braddock Ave Se Vacant Residential 0 L
931 Braddock Ave Se Vacant Residential 0 L
956 Braddock Ave Se Single Family 1,858 B
960 Button Ave Se Vacant Residential 0 L
970 Button Ave Se Vacant Residential 0 L
919 Colonial Ave Se Single Family 900 C
946 Braddock Ave Se Vacant Residential 0 L
964 Braddock Ave Se Vacant Residential 0 L
950 Button Ave Se Single Family 1,094 C
974 Colonial Ave Se Vacant Residential 0 L
912 Colonial Ave Se Vacant Residential 0 L
980 Button Ave Se Single Family 1,000 B
938 Braddock Ave Se Vacant Residential 0 L
972 Braddock Ave Se Single Family 1,720 C
711 Avalon St Se Single Family 1,621 B
987 Braddock Ave Se Single Family 1,036 C
940 Button Ave Se Vacant Residential 0 L
923 Braddock Ave Se Vacant Residential 0 L
913 Colonial Ave Se Vacant Residential 0 L
930 Braddock Ave Se Single Family 1,132 C
930 Button Ave Se Single Family 1,378 B
906 Colonial Ave Se Single Family 1,496 C
993 Cherokee Rd Se Single Family 1,325 B
982 Colonial Ave Se Single Family 1,520 B
915 Braddock Ave Se Vacant Residential 0 L
953 Cherokee Rd Se Single Family 1,524 C
961 Cherokee Rd Se Vacant Residential 0 L
922 Braddock Ave Se Single Family 1,124 C
995 Braddock Ave Se Single Family 1,056 C
700 Avalon St Se Vacant Residential 0 L
920 Button Ave Se Vacant Residential 0 L
907 Colonial Ave Se Vacant Residential 0 L
971 Cherokee Rd Se Vacant Residential 0 L

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
660 Merrimac St Se .34 0 $399,900
771 Everglade Ave Se .37 0 $59,900
581 Andrew St Se .61 0 $35,000
961 Armstrong Rd Se .71 0 $59,900
967 Armstrong Rd Se .72 0 $59,900
789 Duncan Rd Se .84 0 $50,000
1001 Sablon St Se .94 0 $334,750
729 Seven Gables Cir Se 1.02 1,352 $350,000
2970 Emerson Dr Se 1.18 0 $47,900
930 Hammacher Ave Sw 1.2 0 $434,800
143 Inez St Se 1.27 0 $69,900
1323 Talleyrand St Se 1.27 0 $39,000
1333 Talleyrand St Se 1.29 0 $39,000
160 Hanley Rd Sw 1.38 0 $37,000
1374 Saxony Rd Sw 1.5 0 $35,000

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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