296 Chestnut St, 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 | |
|---|---|---|---|---|
| 294 Chestnut St | Single Family | 1,184 | B |
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| 298 Chestnut St | Single Family | 1,000 | B |
|
| 4799 Eva Dr | Single Family | 1,030 | B |
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| 292 Chestnut St | Single Family | 1,043 | B |
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| 300 Chestnut St | Single Family | 1,040 | B |
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| 4805 Eva Dr | Single Family | 1,073 | B |
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| 4800 Eva Dr | Single Family | 1,073 | B |
|
| 4811 Eva Dr | Single Family | 1,026 | B |
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| 299 Chestnut St | Single Family | 1,231 | B |
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| 301 Chestnut St | Single Family | 877 | B |
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| 290 Chestnut St | Single Family | 986 | B |
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| 302 Chestnut St | Single Family | 1,158 | B |
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| 297 Chestnut St | Single Family | 970 | B |
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| 4818 Eva Dr | Single Family | 1,018 | B |
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| 303 Chestnut St | Single Family | 2,003 | B |
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| 4817 Eva Dr | Single Family | 1,030 | B |
|
| 4794 Eva Dr | Single Family | 1,039 | B |
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| 295 Chestnut St | Single Family | 962 | B |
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| 4824 Eva Dr | Single Family | 1,023 | B |
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| 4788 Eva Dr | Single Family | 1,024 | B |
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| 288 Chestnut St | Single Family | 1,676 | B |
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| 4849 Eva Dr | Single Family | 1,239 | B |
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| 305 Chestnut St | Single Family | 1,283 | B |
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| 4830 Eva Dr | Single Family | 1,030 | B |
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| 293 Chestnut St | Single Family | 1,275 | B |
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| 4782 Eva Dr | Single Family | 1,039 | B |
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| 304 Chestnut St | Single Family | 1,044 | B |
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| 4867 Eva Dr | Single Family | 1,026 | B |
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| 106 Elm St | Single Family | 1,065 | B |
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| 108 Elm St | Single Family | 942 | C |
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| 104 Elm St | Single Family | 1,147 | B |
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| 408 N 49th Ave | Single Family | 1,366 | B |
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| 4776 Eva Dr | Single Family | 1,024 | B |
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| 286 Chestnut St | Single Family | 1,013 | B |
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| 110 Elm St | Single Family | 1,477 | B |
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| 102 Elm St | Single Family | 1,416 | B |
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| 4836 Eva Dr | Single Family | 1,030 | B |
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| 306 Chestnut St | Single Family | 1,209 | B |
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| 291 Chestnut St | Single Family | 920 | B |
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| 112 Elm St | Single Family | 1,166 | B |
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| 100 Elm St | Single Family | 1,215 | B |
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| 504 N 49th Ave A & B | Multi-family - less than 10 units | 1,519 | B |
|
| 114 Elm St | Single Family | 1,193 | B |
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| Eva Dr | Sewage disposal, solid waste, borrow pit, drainage reservoir, waste land, marsh, sand dune or swamp | 0 | L | |
| 308 Chestnut St | Single Family | 1,044 | B |
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| 4842 Eva Dr | Single Family | 1,023 | B |
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| 284 Chestnut St | Single Family | 1,452 | B |
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| 289 Chestnut St | Single Family | 877 | B |
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| 502 N 49th Ave A & B | Multi-family - less than 10 units | 1,553 | 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 12 of all properties in this area. This suggests it would appeal to someone earning around $16,607 per year who should qualify for a mortgage between $33,214 and $41,518.
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 12 of all properties in this area. This corresponds to a rent of $522 per month and a monthly household income of $1,826 ($21,912 per year)