Woodlake Village Eviction Risk: Moderate

The severe-burden share is 36%. Those renters are past the 50% mark, and they miss rent for reasons that have nothing to do with willingness to pay. The main counterweight is eviction-process difficulty, at 1.1/10. Set annual rent against average household income of $57,964 and the ratio lands at 32%, above the conventional 30% ceiling.

Running hot is rent-regulation exposure at 7.7/10. The filing record is not thin: 350 evictions logged in this tract.

The poverty rate is 16%. Judgments in high-poverty tracts are collectible far less often than the filing statistics suggest. The worst year on record was 2003, when filings touched 14.0% of renter households.

The most recent observed rate, 6.0% in 2018, is well off that peak. That places it #1 of 7 neighborhoods in Palm Bay. The closest comparables inside the same city are Country Cove and The Falls.

Social vulnerability runs high at 8.9/10, concentrating the disaster- and displacement-exposure this model treats as a lagging risk input. Average gross rent runs $1,546, close to the Palm Bay average. 37% of occupied units are renter-occupied.

One tract means one number: 4.9/10 applies directly to any address inside the boundary. The number is rebuilt whenever its ACS, court-record, or statutory inputs change.