302 W Michigan Ave, 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 | |
|---|---|---|---|---|
| 1003 Armenia Dr | Multi-family - less than 10 units | 2,000 | B |
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| 306 Michigan Ave | Single Family | 1,022 | C |
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| 1007 Armenia Dr | Single Family | 1,012 | B |
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| 240 W Michigan Ave | Single Family | 1,731 | B |
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| 312 Michigan Ave | Single Family | 1,919 | B |
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| 1013 Armenia Dr | Single Family | 957 | B |
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| 303 Michigan Ave | Parking lot (commercial or patron) or mobile home park | 5,365 | B |
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| 13 E Camelia Dr | Mobile Home | 1,461 | B |
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| 1008 Armenia Dr | Single Family | 1,723 | B |
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| 223 Michigan Ave | Single Family | 1,322 | B |
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| 238 Michigan Ave | Wholesale outlet, produce house or manufacturing outlet | 7,910 | B |
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| 318 W Michigan Ave | Single Family | 1,104 | B |
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| 1012 Armenia Dr | Single Family | 1,135 | B |
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| 903 Armenia Dr | Single Family | 1,553 | B |
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| 1017 Armenia Dr | Single Family | 1,061 | B |
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| 11 Camelia Dr | Single Family | 935 | B |
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| 319 W Michigan Ave | Mixed use - store and office or store and residential or residential combination | 3,451 | B |
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| 17 E Camelia Dr | Mobile Home | 921 | B |
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| 1014 Armenia Dr | Single Family | 1,036 | B |
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| 904 Armenia Dr | Mobile Home | 1,126 | C |
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| 1001 Deason Dr | Single Family | 2,228 | B |
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| 9 S Camelia Dr | Single Family | 1,035 | C |
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| 306 Yoakum St | Single Family | 2,407 | B |
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| 1007 Deason St | Single Family | 1,222 | C |
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| 322 W Michigan Ave | Mobile Home | 0 | L | |
| 1021 Armenia Dr | Single Family | 1,120 | B |
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| 215 Michigan Ave | Single Family | 1,468 | C |
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| 310 Yoakum St | Single Family | 1,111 | B |
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| 15 Camelia Dr | Single Family | 806 | B |
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| 1020 Armenia Dr | Single Family | 835 | B |
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| 321 Michigan Ave | Single Family | 1,141 | C |
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| 1013 Deason St | Single Family | 1,407 | B |
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| 10 Camelia Dr | Single Family | 966 | B |
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| 314 Yoakum St | Single Family | 914 | B |
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| 212 Yoakum St | Vacant Residential | 0 | L |
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 23 of all properties in this area. This suggests it would appeal to someone earning around $27,441 per year who should qualify for a mortgage between $54,882 and $68,603.
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 23 of all properties in this area. This corresponds to a rent of $646 per month and a monthly household income of $2,246 ($26,952 per year)
Nearby Companies
903 Armenia Dr
904 Armenia Dr
1017 Armenia Dr
238 W Michigan Ave