Malabar · Buying
Moving here for a job in Malabar
A local agent in your new county and a plan built around your start date.
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Malabar is a small town between Palm Bay and the Indian River, known for larger lots.
A new job is exciting, and a move to a new place can feel like a fresh start. It also stacks a lot onto your plate at once: a start date that will not move, a place you may barely know, and a home to find while you are still living somewhere else. If you feel rushed or unsure where to even begin, you are not alone.
What this means in Malabar
- The typical home here is worth about $451,100. With 10% down, that is a loan of about $406,000; owners here typically spend about $2,316 a month on housing costs (Census), which gives you a real local starting point for your budget.
- When you move in Malabar: power is usually from Florida Power & Light (FPL). Set up service a week or two before Moving Day.
- Malabar's site points septic owners to Brevard County's Save Our Indian River Lagoon grants: homes inside the plan area can get at least $6,000 to upgrade a septic system, but you must be approved before any work starts.
What’s different for you
- Meet a local agent first. Someone who knows the new county.
- Plan around your start date. Moving Day sets the timeline.
- Get pre-approved early. So you can move fast when you find the right home.
When you start in CloseHive from this page, your plan already includes these steps, along with the usual ones for buying in Malabar. You always see what to do next, and your agent handles the how.
Malabar in numbers
- The typical home here is valued at about $451,100, which is 33% higher than Brevard County as a whole ($339,600).
- The typical home here was built around 1993, about 33 years ago. Ask about the roof's age early, because Florida insurers look at it closely.
- 99% of homes are lived in by their owners, more than the county's 77%. Homes here change hands less often, so good ones can go quickly.
- So few homes in Malabar are rented that the Census can't report a typical rent here. Nearly every home is lived in by its owner, so listings come up less often than in bigger cities.
A typical Malabar home costs about 3.5 times the typical household income here ($128,698 a year), compared with 4.3 times across Brevard. With 10% down, the loan on a $450,000 home would be $405,000, and Florida's mortgage taxes at closing would be about $2,228.
Questions people ask
How do I choose an area I don’t know?
Compare commute, monthly cost and what you need nearby; your agent helps with facts.