W Hibiscus Blvd / S Babcock St median real estate price is $82,934, which is less expensive than 96.2% of Florida neighborhoods and 89.5% of all U.S. neighborhoods.
The average rental price in W Hibiscus Blvd / S Babcock St is currently $1,323, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 46.7% of Florida neighborhoods.
W Hibiscus Blvd / S Babcock St is a suburban neighborhood (based on population density) located in Melbourne, Florida.
W Hibiscus Blvd / S Babcock St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the W Hibiscus Blvd / S Babcock St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in W Hibiscus Blvd / S Babcock St. The current real estate vacancy rate here is 25.4%. This is higher than the rate of vacancies in 91.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (13.5%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.