902 Chesapeake Trl, Cantonment
Escambia County Real Estate - Cantonment
Cantonment is in North West Florida. Cantonment is approximately 15 miles from Pensacola (population 51,923) and around 106 miles from Panama City (population 36,484).
Cantonment links:
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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 | |
|---|---|---|---|---|
| 896 Chesapeake Trl | Single Family | 3,077 | A |
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| 908 Chesapeake Trl | Single Family | 3,647 | A |
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| 907 Chesapeake Trl | Single Family | 3,289 | A |
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| 890 Chesapeake Trl | Single Family | 3,343 | A |
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| 897 Chesapeake Trl | Single Family | 3,368 | A |
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| 914 Chesapeake Trl | Single Family | 3,264 | A |
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| 891 Chesapeake Trl | Single Family | 3,291 | A |
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| 884 Chesapeake Trl | Single Family | 3,449 | A |
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| 920 Chesapeake Trl | Single Family | 2,647 | A |
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| 929 Chesapeake Trl | Single Family | 3,446 | A |
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| 1034 Yellowstone Pass | Single Family | 3,287 | A |
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| 926 Chesapeake Trl | Single Family | 3,352 | A |
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| 283 Nowak Rd | Mobile Home | 1,824 | A |
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| 289 Nowak Rd | Single Family | 3,373 | B |
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Local Household Income
The median household income in this part of Florida is $63,573. The bottom 10% of the population earn less than $21,197 per year. The top 10% earn more than $140,614 per year. The top 1% earn more than $421,161 per year. Most renters earn between $28,908 (20th percentile) and $51,204 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $127,146 and $158,933.
The tax assessed value of this property places it in percentile 95 of all properties in this area. This suggests it would appeal to someone earning around $175,594 per year who should qualify for a mortgage between $351,188 and $438,985.
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 $879. Most renters earn between $2,409 and $4,267 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $632 (20th percentile) to $1,220 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 95 of all properties in this area. This corresponds to a rent of $1,952 per month and a monthly household income of $5,929 ($71,148 per year)
Nearby Companies
902 Chesapeake Trl