Brevard County Real Estate - Grant

Grant-Valkaria is a town located south of Melbourne in Brevard County, Florida. Grant was originally established in 1925 as a fishing village, and since 1966, the city has held the annual Grant Seafood Festival. The revenues collected through the seafood festival go back into the community through college scholarships and summer break activities for the local children. Originally two separate communities, Grant and Valkaria were joined in July of 2006 to create the single Incorporated Town of Grant-Valkaria.

Grant is in East Central Florida. Grant is approximately 46 miles from Port Saint Lucie (population 164,603) and around 8 miles from Palm Bay (population 103,190).

Grant 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 
5079 Highway 1 Single Family 2,027 B
5091 Highway 1 Multi-family - less than 10 units 1,423 C
5103 Highway 1 Multi-family - less than 10 units 4,528 C
5105 Highway 1 Multi-family - less than 10 units 4,528 C
5073 Highway 1 Single Family 753 C
5115 Highway 1 Single Family 0 L
5067 Highway 1 Vacant Residential 0 L
5145 Highway 1 Multi-family - less than 10 units 5,003 B
5061 Highway 1 Single Family 3,009 B
5110 Highway 1 Auto sales, auto repair and storage or auto service shop 5,364 C
5165 Highway 1 Single Family 5,300 B
5120 Highway 1 Store, one story 2,280 B
5055 Highway 1 Single Family 1,839 B

Nearest MLS Listings

Nearest properties for sale within 3 miles of this location

AddressMilesSq FtPrice 
4850 Old Dixie Hwy .55 16,632 $3,400,000
47 Vip Is .86 1,150 $699,900
5615 Schefflera Pl 1.48 0 $129,000
6240 Highway 1 1.57 1,152 $1,899,900
6465 Highway A1a 2.09 4,048 $3,397,777
6830 Highway A1a 2.16 0 $439,000
5835 Riverside Dr 2.24 2,089 $425,000
5865 Highway A1a 2.39 2,763 $2,695,000
333 Woody Cir 2.41 3,023 $1,150,000
6870 Orchid Tree Dr 2.51 2,541 $1,680,000
5587 Cord Grass Ln 2.59 1,033 $499,000
5675 Highway A1a 2.6 4,461 $4,150,000
5675 Highway A1a 2.6 4,461 $3,999,000
356 Aquarina Blvd 2.67 2,103 $675,000
110 Warsteiner Way 2.69 2,400 $829,900

Local Household Income

The median household income in this part of Florida is $52,102. The bottom 10% of the population earn less than $18,452 per year. The top 10% earn more than $121,913 per year. The top 1% earn more than $336,928 per year. Most renters earn between $25,716 (20th percentile) and $40,716 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $104,204 and $130,255.

The tax assessed value of this property places it in percentile 98 of all properties in this area. This suggests it would appeal to someone earning around $208,310 per year who should qualify for a mortgage between $416,620 and $520,775.

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 $923. Most renters earn between $2,143 and $3,393 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $700 (20th percentile) to $1,197 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 98 of all properties in this area. This corresponds to a rent of $2,931 per month and a monthly household income of $5,696 ($68,352 per year)

Disclaimers and Disclosures

Public Records Data

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