3840 Tom Ln, Pensacola
Escambia County Real Estate - Pensacola
Pensacola is in North West Florida. It's population as recorded in the 2010 Census was 51,923.
The median age for residents of Pensacola is 42.6. Around 23.7% of Pensacola households include school aged children and 29.6% of households include individuals aged 65 years or over. Census records indicate 66.3% of the Pensacola population are White, 27.9% are Black or African American, .5% American Indian, 1.9% Asian and 2.3% are Two or more Races.
There are 26,848 housing units in Pensacola. 3,256 (12.1%) of these were reported as vacant in the 2010 Census. There are 10,359 residential rental units in Pensacola. 9,052 of them were occupied in 2010 providing a residential rental vacancy rate of 12.2%.
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Escambia County
Escambia County is part of the Northwest region of Florida, along with Bay, Santa Rosa, Walton, Holmes, Jackson, Washington, Okaloosa, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. Escambia County is the westernmost county in Florida, located in the tip of the panhandle. It has a population over 450,000.
The most significant industries in Escambia County are military and defense, tourism, healthcare, education and construction. Pensacola, the county's seat and home to over 50,000, contains many military bases including Pensacola Naval Air Station, Naval Training Center, Eglin Air Force Base, Corry Station Naval, Naval Technical Training Center, and Air Station Whiting Field. Top private sector employers for Escambia County are Sacred Heart Health System, Baptist Health Care, Lakeview Center, Gulf Power Company, and Ascend Performance Materials. Major public sector employers include Escambia County Government, Federal Government, Florida State Government, and the University of West Florida.
A suburb of Pensacola, Ferry Pass, is home to the University of West Florida. In addition, Pensacola State College has campuses throughout the county. Troy University also has a campus just west of the city.
The military contributes significantly to the county?s economy. The Department of Defense spends an estimated $7.8 billion in Escambia. The defense industry is responsible for about 80,000 careers.
Escambia contains a major airport and seaport. The airport has an economic impact in excess of $550 billion and supports over 6,000 jobs. The Port of Escambia is a 50-acre facility with eight deepwater docking facilities and railroad access on site. Both fall within a foreign trade zone.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 3860 Tom Ln | Single Family | 1,756 | B |
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| 3820 Tom Ln | Single Family | 1,689 | B |
|
| 3865 Winona Dr | Single Family | 1,367 | B |
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| 3861 Winona Dr | Single Family | 1,507 | B |
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| 3875 Winona Dr | Single Family | 1,585 | B |
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| 3880 Tom Ln | Single Family | 2,614 | B |
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| 3800 Tom Ln | Single Family | 1,362 | B |
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| 3815 Tom Ln | Single Family | 1,420 | B |
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| 3845 Tom Ln | Single Family | 1,627 | B |
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| 3855 Winona Dr | Single Family | 1,782 | B |
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| 3805 Tom Ln | Single Family | 1,401 | B |
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| 3885 Winona Dr | Single Family | 1,609 | B |
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| 3865 Tom Ln | Single Family | 1,507 | B |
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| 3795 Tom Ln | Single Family | 1,492 | B |
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| 3790 Tom Ln | Single Family | 1,506 | B |
|
| 3890 Tom Ln | Single Family | 2,609 | B |
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| 3847 Winona Dr | Single Family | 1,856 | B |
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| 3875 Tom Ln | Single Family | 1,676 | B |
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| 3895 Winona Dr | Single Family | 2,626 | B |
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| 3864 Winona Dr | Single Family | 1,423 | B |
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| 3800 Whispering Pines Dr | Single Family | 1,311 | B |
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| 3775 Tom Ln | Single Family | 1,538 | B |
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| 3820 Whispering Pines Dr | Single Family | 1,299 | B |
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| 3860 Winona Dr | Single Family | 1,476 | B |
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| 3876 Winona Dr | Single Family | 1,630 | B |
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| 3780 Whispering Pines Dr | Single Family | 1,028 | B |
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| 3830 Whispering Pines Dr | Single Family | 1,208 | B |
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| 3856 Winona Dr | Single Family | 1,650 | B |
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| 3886 Winona Dr | Single Family | 1,511 | B |
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| 3766 Tom Ln | Single Family | 1,467 | B |
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| 3845 Winona Dr | Single Family | 1,526 | B |
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| 3760 Whispering Pines Dr | Single Family | 1,191 | B |
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| 3885 Tom Ln | Single Family | 1,689 | B |
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| 3840 Whispering Pines Dr | Single Family | 1,286 | B |
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| 3765 Tom Ln | Single Family | 1,160 | B |
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| 3846 Winona Dr | Single Family | 1,721 | B |
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| 3896 Winona Dr | Single Family | 1,796 | B |
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| 3750 Whispering Pines Dr | Single Family | 1,631 | B |
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| 3905 San Gabriel Dr | Single Family | 1,506 | B |
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| 3850 Whispering Pines Dr | Vacant Residential | 1,356 | L |
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| 3925 San Gabriel Dr | Single Family | 1,843 | B |
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| 3750 Tom Ln | Single Family | 1,297 | B |
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| 3835 Winona Dr | Single Family | 1,595 | B |
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| 3893 San Gabriel Dr | Single Family | 1,839 | B |
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| 3901 Tom Ln | Single Family | 1,449 | B |
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| 3840 Winona Dr | Single Family | 1,375 | B |
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| 3753 Tom Ln | Single Family | 1,787 | B |
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| 3955 San Gabriel Dr | Single Family | 1,468 | B |
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| 3883 San Gabriel Dr | Single Family | 1,528 | B |
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Local Household Income
The median household income in this part of Florida is $52,677. The bottom 10% of the population earn less than $15,071 per year. The top 10% earn more than $137,099 per year. The top 1% earn more than $431,029 per year. Most renters earn between $25,896 (20th percentile) and $45,588 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $105,354 and $131,693.
The tax assessed value of this property places it in percentile 54 of all properties in this area. This suggests it would appeal to someone earning around $57,393 per year who should qualify for a mortgage between $114,786 and $143,483.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $846. Most renters earn between $2,158 and $3,799 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $619 (20th percentile) to $1,160 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 54 of all properties in this area. This corresponds to a rent of $875 per month and a monthly household income of $3,007 ($36,084 per year)