| Palm Shores Return to main Community Profiles index A small town located between Rockledge and Melbourne, Palm Shores is a fast-growing, but quiet community where beauty has a place to shine. Palm Shores grew from 210 residents a decade ago to a current population of 870. That bumped the area out of position as Brevard's smallest town.
In response to this growth, the town has bought almost two acres along the Indian River Lagoon to build their "Shoreside" Park, and a new town hall was established in 2000.
And soon Palm Shores will have better access to sights and scenes outside of greater Melbourne. Extension of nearby Pineda Causeway to Interstate 95 will give the town's residents easy access to all of Brevard, Orlando, and the shops and centers in Indian River County. Once completed, the infrastructure improvements will be just one more reason why Palm Shores is a hidden haven in Melbourne.
Popular Honeybrook subdivision, new neighborhood developments, its proximity to the river, together with expanding shops and retail centers make Palm Shores a sought after place to live in Brevard County. It's only a matter of time before more people discover Palm Shores and everything it has to offer.
DEMOGRAPHICS Residents of Palm Shores are generally young parents. Poverty and unemployment are low. They live in single family homes. Palm Shores residents generally enjoy outdoor activities such as fishing, boating, walking, and visiting the zoo.
Population in July 2008: 870. Population change since 2000: +9.6% Males: 431 (49.6%) Females: 439 (50.4%)
Median resident age: 43.0 years Florida median age: 38.7 years
Estimated median household income in 2008: $58,531 (it was $47,500 in 2000) Palm Shores: $58,531 Florida: $47,778
Estimated per capita income in 2008: $27,760
Estimated median house or condo value in 2008: $244,588 (it was $110,500 in 2000) Palm Shores: $244,588 Florida: $218,700
Mean prices in 2008: All housing units: $232,644; Detached houses: $260,376; In 5-or-more-unit structures: $461,076; Mobile homes: $25,449; Occupied boats, RVs, vans, etc.: $12,500
RACES IN PALM SHORES: White Non-Hispanic (84.8%) Black (4.4%) Hispanic (4.3%) Two or more races (2.3%) Filipino (1.5%) American Indian (1.3%) Other race (1.0%) Japanese (0.6%) Vietnamese (0.5%) Other Asian (0.5%) Native Hawaiian and Other Pacific Islander (0.5%)
Dec. 2009 cost of living index in Palm Shores: 86.0 (less than average, U.S. average is 100)
Houses: 375 (323 occupied: 267 owner occupied, 56 renter occupied)
% of renters in Palm Shores: 17% State: 30%
Housing density: 760 houses/condos per square mile
Median price asked for vacant for-sale houses and condos in 2008 in this state: $303,747.
Median contract rent in 2008: $711 (lower quartile is $553, upper quartile is $1,303)
Median rent asked for vacant for-rent units in 2008: $786
Median gross rent in Palm Shores, FL in 2008: $870
Housing units in Palm Shores with a mortgage: 177 (23 second mortgage, 13 home equity loan, 0 both second mortgage and home equity loan) Houses without a mortgage: 40
Estimated median house or condo value in 2008: $244,588 (it was $110,500 in 2000) Palm Shores: $244,588 Florida: $218,700
Lower value quartile - upper value quartile: $186,171 - $254,431
Mean price in 2008:
Detached houses: $260,376 Here: $260,376 State: $320,221
In 5-or-more-unit structures: $461,076 Here: $461,076 State: $260,965
Mobile homes: $25,449 Here: $25,449 State: $43,568
Occupied boats, RVs, vans, etc.: $12,500 Here: $12,500 State: $47,032
Household type by relationship
Households: 790 In family households: 663 (192 male householders, 36 female householders) 199 spouses, 199 children (170 natural, 22 adopted, 7 stepchildren), 11 grandchildren, 0 brothers or sisters, 7 parents, 12 other relatives, 7 non-relatives In nonfamily households: 127 (53 male householders (38 living alone)), 39 female householders (28 living alone)), 35 nonrelatives Size of family households: 112 2-persons, 55 3-persons, 37 4-persons, 17 5-persons, 3 6-persons, 4 7-or-more-persons.
Size of nonfamily households: 66 1-person, 19 2-persons, 5 3-persons, 2 4-persons.
136 married couples with children. 25 single-parent households (6 men, 19 women).
86.6% of residents of Palm Shores speak English at home. 3.5% of residents speak Spanish at home (81% speak English very well, 19% speak English not well). 3.1% of residents speak other Indo-European language at home (70% speak English very well, 17% speak English well, 13% speak English not well). 5.1% of residents speak Asian or Pacific Island language at home (66% speak English very well, 29% speak English well, 5% don't speak English at all). 1.9% of residents speak other language at home (100% speak English very well).
Foreign born population: 115 (14.6%) (45.2% of them are naturalized citizens)
Median number of rooms in houses and condos: Here: 6.5 State: 5.6
Median number of rooms in apartments: Here: 3.9 State: 3.8
HIGH SCHOOLS Satellite Beach High School 300 Scorpion Court, Satellite Beach (321) 779-2000 Grades: 9-12
MIDDLE SCHOOLS DeLaura Junior High 300 Jackson Ave., Satellite Beach (321) 773-7581 Grades: 7-8
ELEMENTARY SCHOOLS Sherwood Elementary 2541 Post Rd., Melbourne (321) 254-6424 Grades: K-6
|