Median real estate price in the City Center of Satellite Beach is $323,310, which is more expensive than 77.9% of the neighborhoods in Florida and 74.5% of the neighborhoods in the U.S.
The average rental price in Satellite Beach City Center is currently $1,602, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 75.4% of the neighborhoods in Florida.
Satellite Beach City Center is a suburban neighborhood (based on population density) located in Satellite Beach, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Real estate in the City Center of Satellite Beach, FL is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Satellite Beach City Center. The current real estate vacancy rate here is 19.4%. This is higher than the rate of vacancies in 84.2% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (12.5%). 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.