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 
230 Brandy Creek Cir Se Single Family 2,176 B
238 Brandy Creek Cir Se Single Family 2,300 B
224 Brandy Creek Cir Se Single Family 2,470 B
242 Brandy Creek Cir Se Single Family 2,176 B
233 Brandy Creek Cir Se Single Family 2,578 B
229 Brandy Creek Cir Se Single Family 2,491 B
237 Brandy Creek Cir Se Single Family 2,463 B
225 Brandy Creek Cir Se Single Family 2,281 B
218 Brandy Creek Cir Se Single Family 2,580 B
250 Brandy Creek Cir Se Single Family 2,875 B
241 Brandy Creek Cir Se Single Family 2,176 B
221 Brandy Creek Cir Se Single Family 2,176 B
212 Brandy Creek Cir Se Single Family 2,875 B
245 Brandy Creek Cir Se Single Family 2,442 B
217 Brandy Creek Cir Se Single Family 2,587 B
256 Brandy Creek Cir Se Single Family 2,271 B
206 Brandy Creek Cir Se Single Family 2,442 B
249 Brandy Creek Cir Se Single Family 2,580 B
213 Brandy Creek Cir Se Single Family 2,176 B
262 Brandy Creek Cir Se Single Family 2,176 B
253 Brandy Creek Cir Se Single Family 2,271 B
266 Brandy Creek Cir Se Single Family 2,442 B
209 Brandy Creek Cir Se Single Family 2,271 B
257 Brandy Creek Cir Se Single Family 2,176 B
200 Brandy Creek Cir Se Single Family 2,176 B
196 Brandy Creek Cir Se Single Family 2,875 B

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
297 Breckenridge Cir Se .4 1,715 $362,500
336 Abernathy Cir Se .52 2,344 $463,000
2260 Harbison Ave Sw .55 0 $61,900
208 Fitchburg St Sw .57 1,720 $250,000
278 Fitchburg St Sw .64 0 $414,900
374 Gastin St Sw .65 2,141 $412,000
409 Fitzsimmons St Sw .69 0 $387,300
498 Oakmon Rd Sw .72 0 $75,000
262 Olin Rd Sw .75 0 $55,000
475 Fredericksburg St Sw .76 1,814 $325,000
2024 Olympia Ave Sw .78 0 $465,000
2649 De Groodt Rd Sw .83 0 $37,900
2649 Lakehurst Ave Sw .85 0 $34,900
519 Oldenberg St Sw .87 0 $431,153
508 Haleybury St Sw .89 0 $449,914

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 92 of all properties in this area. This suggests it would appeal to someone earning around $161,672 per year who should qualify for a mortgage between $323,344 and $404,180.

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 92 of all properties in this area. This corresponds to a rent of $1,453 per month and a monthly household income of $5,028 ($60,336 per year)

Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.