Melbourne Homes for Sale

More Information

   Community Profiles


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.

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

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

Satellite Beach High School
300 Scorpion Court, Satellite Beach
(321) 779-2000
Grades: 9-12

DeLaura Junior High
300 Jackson Ave., Satellite Beach
(321) 773-7581
Grades: 7-8

Sherwood Elementary
2541 Post Rd., Melbourne
(321) 254-6424
Grades: K-6