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 
3120 Halsey Ave Se Vacant Residential 0 L
3211 Toledo Ave Sw Vacant Residential 0 L
3221 Toledo Ave Sw Vacant Residential 0 L
120 Ferguson St Se Vacant Residential 0 L
121 Norgrove St Se Vacant Residential 0 L
3231 Toledo Ave Sw Vacant Residential 0 L
3241 Toledo Ave Sw Vacant Residential 0 L
3060 Halsey Ave Se Single Family 1,180 B
130 Ferguson St Se Vacant Residential 0 L
131 Norgrove St Se Vacant Residential 0 L
121 Ferguson St Se Vacant Residential 0 L
120 Norgrove St Se Vacant Residential 0 L
101 Ferguson St Sw Vacant Residential 0 L
3251 Toledo Ave Sw Vacant Residential 0 L
131 Ferguson St Se Vacant Residential 0 L
102 Ferguson St Sw Vacant Residential 0 L
140 Ferguson St Se Vacant Residential 0 L
130 Norgrove St Se Vacant Residential 0 L
141 Norgrove St Se Single Family 1,518 B
120 Halloran St Se Single Family 1,528 B
103 Ferguson St Sw Vacant Residential 0 L
3261 Toledo Ave Sw Vacant Residential 0 L
121 Silver Frost St Se Vacant Residential 0 L
110 Finland St Sw Single Family 2,160 B
109 Finland St Sw Vacant Residential 0 L
141 Ferguson St Se Vacant Residential 0 L
140 Norgrove St Se Vacant Residential 0 L
110 Ferguson St Sw Vacant Residential 0 L
3000 Halsey Ave Se Vacant Residential 0 L
3130 Halsey Ave Se Vacant Residential 0 L
150 Ferguson St Se Vacant Residential 0 L
151 Norgrove St Se Vacant Residential 0 L
131 Silver Frost St Se Vacant Residential 0 L
107 Ferguson St Sw Vacant Residential 0 L

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
3351 Freedom Ave Sw .24 0 $40,000
318 Silver Frost St Se .34 0 $348,900
2981 Gagstater Ave Se .38 0 $364,900
286 Warwick St Se .47 0 $40,000
3150 Lakeland Ave Sw .53 0 $31,000
3014 San Filippo Dr Se .53 0 $370,000
208 Lafleur St Sw .63 0 $49,000
448 St Andre Blvd Sw .71 0 $400,000
450 Lagrange St Sw .8 0 $160,000
519 Poplar St Se .81 0 $348,900
132 Frazer St Sw .86 0 $45,000
590 St Andre Blvd Sw 1 0 $45,000
2649 De Groodt Rd Sw 1.02 0 $37,900
401 Lamon St Sw 1.17 0 $49,900
482 Fellenz St Sw 1.2 0 $439,900

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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