279 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 | |
|---|---|---|---|---|
| 277 Chestnut St | Single Family | 1,184 | B |
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| 281 Chestnut St | Single Family | 1,216 | B |
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| 275 Chestnut St | Single Family | 921 | B |
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| 283 Chestnut St | Single Family | 920 | B |
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| 126 Elm St | Single Family | 1,250 | B |
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| 128 Elm St | Single Family | 1,935 | B |
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| 270 Chestnut St | Single Family | 1,231 | B |
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| 273 Chestnut St | Single Family | 1,046 | B |
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| 272 Chestnut St | Single Family | 920 | B |
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| 276 Chestnut St | Single Family | 1,824 | B |
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| 274 Chestnut St | Single Family | 1,339 | B |
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| 285 Chestnut St | Single Family | 1,077 | B |
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| 124 Elm St | Single Family | 888 | B |
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| 278 Chestnut St | Single Family | 1,472 | B |
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| 268 Omega Ct | Single Family | 1,563 | B |
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| 130 Elm St | Single Family | 1,218 | B |
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| 271 Chestnut St | Single Family | 1,058 | B |
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| 122 Elm St | Single Family | 903 | B |
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| 287 Chestnut St | Single Family | 1,210 | B |
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| 256 Omega St | Single Family | 1,435 | B |
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| 134 Beech St | Single Family | 1,089 | B |
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| 132 Beech St | Single Family | 1,836 | B |
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| 120 Elm St | Single Family | 1,582 | B |
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| 269 Chestnut St | Single Family | 1,913 | B |
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| 132 Elm St | Single Family | 1,370 | B |
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| 266 Omega Ct | Single Family | 1,441 | B |
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| 501 N 49th Ave | Single Family | 1,541 | B |
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| 289 Chestnut St | Single Family | 877 | B |
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| 130 Beech St | Single Family | 1,166 | B |
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| 125 Elm St | Single Family | 2,335 | B |
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| 284 Chestnut St | Single Family | 1,452 | B |
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| 254 Chestnut St | Single Family | 920 | B |
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| 258 Omega Ct | Single Family | 1,213 | B |
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| 267 Chestnut St | Single Family | 981 | B |
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| 118 Elm St | Single Family | 1,163 | B |
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| 128 Beech St | Single Family | 1,369 | B |
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| 134 Elm St | Single Family | 961 | B |
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| 123 Elm St | Single Family | 1,468 | B |
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| 252 Chestnut St | Single Family | 1,156 | B |
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| 291 Chestnut St | Single Family | 920 | B |
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| 286 Chestnut St | Single Family | 1,013 | B |
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| 260 Omega Ct | Single Family | 877 | B |
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| 265 Chestnut St | Single Family | 1,041 | B |
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| 121 Elm St | Single Family | 1,017 | B |
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| 127 Elm St | Single Family | 1,556 | B |
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| 116 Elm St | Single Family | 1,516 | B |
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| 126 Beech St | Single Family | 1,219 | B |
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| 262 Omega Ct | Single Family | 1,260 | B |
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| 136 Elm St | Single Family | 878 | 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 14 of all properties in this area. This suggests it would appeal to someone earning around $18,947 per year who should qualify for a mortgage between $37,894 and $47,368.
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 14 of all properties in this area. This corresponds to a rent of $554 per month and a monthly household income of $1,953 ($23,436 per year)
Nearby Companies
4016 Omega St