Satellite Beach Real Estate Trends and Local Insights

Satellite Beach Real Estate Trends and Local Insights

Living in Satellite Beach is a dream come true for just about anyone who enjoys a peaceful seaside lifestyle. This desirable oceanside town is considered the #1 best place to raise a family in Brevard County according to niche.com. Therefore, it’s easy to understand how the local market score is ‘Very Hot’ on Zillow.com.

Satellite Beach offers a chance to feel the sand between your toes, access great schools, and enjoy shopping and fun activities all within your neighborhood. Any home you pick is within close proximity to the water, some even come with their own boat docks and direct access to the water.

What is the Median Home Value in Satellite Beach?

The median home value in Satellite Beach is $333,900. This is a 1 percent increase since last year. According to Zillow predictions, home values should increase another 1.5 percent over the next year.

The median home price of sold houses in the area is $335,707 – even higher than the median home value.

The median list price per square foot is $154, this is higher than the median list price in surrounding communities of Palm Bay, Melbourne and Titusville Metro, which average $118 per square foot.

As far as rentals are concerned, the median rent price in the area is $1,850. This is greater than rental prices in Palm Bay, Melbourne and Titusville Metro, which holds a median rent price of $1,500. Therefore, if you’re looking to purchase rental property, you can get more for your money per month in Satellite Beach than in surrounding areas.

A Look at Available Homes

At the time of writing this, there are 195 homes listed for sale in Satellite Beach, 57 of which are condos. There are 0 foreclosures at this time. Of course, the market is always changing, and new homes become available all of the time. Working with a trusted real estate agent grants you the latest updates on available homes in Satellite Beach so that you can move quickly and make an offer before someone else does.

Livability of Satellite Beach

Satellite Beach is considered a highly livable community. Areavibes.com ranks it at an 87 for livability. It is considered one of the top 10 medium-sized cities in Florida to live in, and one of the top 100 medium-sized cities in the entire US.

Crime is very low in the area. In fact, Satellite Beach ranks among the top 10 medium-sized cities in Florida for low crime rates as well. There are 931 crimes committed per 100,000 people, that is 66 percent lower than the US average. Year over year, crime has decreased by 24 percent.

There are lots of opportunities for employment in Satellite Beach. The average household income is 29 percent higher in Satellite Beach than it is in all other parts of Florida. The median household income is $63,170 – that’s 14 percent higher than the US average. The income per capita is $35,075 – that’s 18 percent higher than the US average. Unemployment sits at just three percent, which is 34 percent lower than the US average.

If you have kids, the local school system is of utmost importance and you’re in luck because the schools in Satellite Beach are excellent. 92 percent of high school students go on to graduate, that’s 10 percent higher than the US average. The average school test scores are 78 percent, which is an impressive 58 percent higher than the US average. Student teacher ratio is 17 to 1, that’s 8 percent higher than the US average.

Other livability perks include:

  • Family friendly community
  • Access to public transportation
  • Plenty of parks
  • Pet friendly accommodations
  • Many homes are within walking distance to restaurants and grocery stores
  • Safe at night and low crime rates
  • Friendly neighborhood feel everywhere you go, a true sense of community

Thinking about moving to Satellite Beach? Coastal Home Team has you covered! Contact us today to start looking at homes that check off all your boxes and then some.