1510 Newport St Se, 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.
|1520 Newport St Se||Vacant Residential||0||L|
|1521 Republic St Se||Single Family||1,232||C|
|1366 Parham Ave Se||Single Family||888||C|
|1382 Parham Ave Se||Vacant Residential||0||L|
|1530 Newport St Se||Vacant Residential||0||L|
|1531 Republic St Se||Single Family||1,518||B|
|1398 Parham Ave Se||Vacant Residential||0||L|
|1350 Parham Ave Se||Single Family||1,133||C|
|1510 Republic St Se||Vacant Residential||0||L|
|1521 Newport St Se||Vacant Residential||0||L|
|1540 Newport St Se||Single Family||1,257||B|
|1541 Republic St Se||Single Family||1,364||B|
|1520 Republic St Se||Vacant Residential||0||L|
|1500 Republic St Se||Vacant Residential||0||L|
|1531 Newport St Se||Vacant Residential||0||L|
|1530 Republic St Se||Vacant Residential||0||L|
|1550 Newport St Se||Single Family||1,257||B|
|1541 Newport St Se||Vacant Residential||0||L|
|1540 Republic St Se||Single Family||924||C|
|1470 Waco Blvd Se||Single Family||900||C|
|1480 Waco Blvd Se||Single Family||904||C|
|1307 Van Buren Ave Se||Single Family||816||C|
|1323 Van Buren Ave Se||Vacant Residential||0||L|
|1490 Waco Blvd Se||Single Family||898||C|
|1301 Van Buren Ave Se||Single Family||1,780||B|
|1551 Newport St Se||Vacant Residential||0||L|
|1335 Van Buren Ave Se||Vacant Residential||0||L|
|1560 Newport St Se||Vacant Residential||0||L|
|1550 Republic St Se||Vacant Residential||0||L|
|1450 Waco Blvd Se||Vacant Residential||0||L|
|1498 Waco Blvd Se||Single Family||1,257||B|
|1347 Van Buren Ave Se||Vacant Residential||0||L|
|1359 Van Buren Ave Se||Vacant Residential||0||L|
|1508 Waco Blvd Se||Vacant Residential||0||L|
|1560 Republic St Se||Single Family||968||C|
|1570 Newport St Se||Vacant Residential||0||L|
|1571 Republic St Se||Single Family||888||C|
Nearest MLS Listings
Nearest properties for sale within 3 miles of this location
|1270 Waffle St Se||.51||0||$41,000|
|1001 Sablon St Se||.86||0||$334,750|
|1333 Talleyrand St Se||1.02||0||$39,000|
|1323 Talleyrand St Se||1.02||0||$39,000|
|1974 Timbruce Rd Se||1.12||0||$349,900|
|1809 Sandia Rd Se||1.16||0||$354,900|
|1366 San Filippo Dr Se||1.16||0||$53,000|
|1051 Johnston Rd Se||1.2||0||$25,000|
|1012 Tide Rd Se||1.25||0||$40,000|
|2970 Emerson Dr Se||1.28||0||$47,900|
|1420 Traverse St Se||1.3||0||$53,000|
|789 Duncan Rd Se||1.33||0||$50,000|
|1480 Traverse St Se||1.33||0||$34,000|
|1681 Welland St Se||1.35||0||$42,900|
|986 Sanger St Se||1.43||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.
The tax assessed value of this property places it in percentile 40 of all properties in this area. This suggests it would appeal to someone earning around $54,164 per year who should qualify for a mortgage between $108,328 and $135,410.
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 40 of all properties in this area. This corresponds to a rent of $774 per month and a monthly household income of $2,830 ($33,960 per year)