665 Palomar Dr 205, 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 | |
|---|---|---|---|---|
| 665 Palomar Dr 215c | Condominium | 814 | B |
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| 665 Palomar Dr 208b | Condominium | 670 | B |
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| 665 Palomar Dr 202 | Condominium | 814 | B |
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| 665 Palomar Dr 102 | Condominium | 814 | B |
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| 665 Palomar Dr 104 | Condominium | 814 | B |
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| 665 Palomar Dr 101 | Condominium | 814 | B |
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| 665 Palomar Dr 111b | Condominium | 670 | B |
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| 665 Palomar Dr 204 | Condominium | 814 | B |
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| 665 Palomar Dr 109b | Condominium | 670 | B |
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| 665 Palomar Dr 108b | Condominium | 670 | B |
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| 665 Palomar Dr 203 | Condominium | 814 | B |
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| 665 Palomar Dr 217c | Condominium | 814 | B |
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| 665 Palomar Dr 210b | Condominium | 670 | B |
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| 665 Palomar Dr 110b | Condominium | 670 | B |
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| 665 Palomar Dr 201 | Condominium | 814 | B |
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| 665 Palomar Dr 107b | Condominium | 670 | B |
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| 665 Palomar Dr 103 | Condominium | 814 | B |
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| 665 Palomar Dr 118c | Condominium | 814 | B |
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| 665 Palomar Dr 115c | Condominium | 814 | B |
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| 665 Palomar Dr 206 | Condominium | 814 | B |
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| 665 Palomar Dr 112b | Condominium | 670 | B |
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| 665 Palomar Dr 207b | Condominium | 670 | B |
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| 665 Palomar Dr 113c | Condominium | 814 | B |
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| 665 Palomar Dr 114c | Condominium | 814 | B |
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| 665 Palomar Dr 218c | Condominium | 814 | B |
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| 665 Palomar Dr 214c | Condominium | 814 | B |
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| 665 Palomar Dr 117c | Condominium | 814 | B |
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| 665 Palomar Dr 211b | Condominium | 670 | B |
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| 665 Palomar Dr 106 | Condominium | 814 | B |
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| 665 Palomar Dr 116c | Condominium | 814 | B |
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| 665 Palomar Dr 216c | Condominium | 814 | B |
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| 665 Palomar Dr 213c | Condominium | 814 | B |
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| 665 Palomar Dr 105 | Condominium | 814 | B |
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| 665 Palomar Dr 209b | Condominium | 670 | B |
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| 665 Palomar Dr 212b | Condominium | 670 | B |
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| 600 Palomar Dr Blk | Vacant Residential | 0 | L | |
| 621 Sheppard Dr | Vacant Residential | 0 | L | |
| 677 Palomar Dr | Single Family | 4,926 | C |
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| 619 Sheppard Dr | Single Family | 1,331 | B |
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| 617 Sheppard Dr | Single Family | 2,296 | B |
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| 633 Silvershore Dr | Vacant Residential | 0 | L | |
| 615 Sheppard Dr | Single Family | 1,682 | B |
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| 681 Palomar Dr | Vacant Residential | 0 | L | |
| 670 Palomar Dr | Vacant Residential | 0 | L | |
| 613 Sheppard Dr | Vacant Residential | 0 | L | |
| 685 Palomar Dr | Single Family | 2,872 | C |
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| 612 S 1st St 26 | Single Family | 3,379 | B |
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| 612 S 1st St 27 | Single Family | 2,793 | B |
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| 612 S 1st St 28 | Single Family | 2,793 | 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 39 of all properties in this area. This suggests it would appeal to someone earning around $41,914 per year who should qualify for a mortgage between $83,828 and $104,785.
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 39 of all properties in this area. This corresponds to a rent of $775 per month and a monthly household income of $2,601 ($31,212 per year)
Nearby Companies
665 Palomar Dr
612 S 1st St