5991 Hermitage Dr, 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 | |
|---|---|---|---|---|
| 5981 Hermitage Dr | Single Family | 2,179 | B |
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| 901 Palisade Rd | Single Family | 2,999 | B |
|
| 5910 Drexel Rd | Single Family | 1,921 | C |
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| 902 Palisade Rd | Single Family | 2,487 | B |
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| 5906 Drexel Rd | Single Family | 2,331 | C |
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| 1001 Palisade Rd | Single Family | 2,386 | B |
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| 6000 Drexel Rd | Single Family | 2,242 | B |
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| 6021 Hermitage Dr | Single Family | 2,096 | B |
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| 5980 Hermitage Dr | Multi-family - less than 10 units | 2,008 | B |
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| 6010 Drexel Rd | Single Family | 2,425 | B |
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| 1003 Palisade Rd | Single Family | 1,914 | B |
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| 519 Palisade Rd | Single Family | 2,031 | B |
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| Broadview Farms | Sewage disposal, solid waste, borrow pit, drainage reservoir, waste land, marsh, sand dune or swamp | 0 | L | |
| 520 Palisade Rd | Single Family | 1,409 | B |
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| 6031 Hermitage Dr | Single Family | 2,539 | B |
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| 6020 Hermitage Dr | Single Family | 2,502 | B |
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| 6020 Drexel Rd | Single Family | 2,191 | B |
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| 1010 Palisade Rd | Single Family | 2,330 | B |
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| 5970 Hermitage Dr | Multi-family - less than 10 units | 2,324 | B |
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| 1005 Palisade Rd | Single Family | 1,773 | B |
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| 6011 Drexel Rd | Single Family | 2,322 | B |
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| 6030 Drexel Rd | Single Family | 2,146 | B |
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| 6041 Hermitage Dr | Single Family | 2,383 | B |
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| 6030 Hermitage Dr | Single Family | 2,394 | B |
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| 505 Palisade Rd | Professional service building | 1,558 | B |
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| 5968 Hermitage Dr | Single Family | 3,339 | C |
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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 56 of all properties in this area. This suggests it would appeal to someone earning around $59,103 per year who should qualify for a mortgage between $118,206 and $147,758.
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 56 of all properties in this area. This corresponds to a rent of $894 per month and a monthly household income of $3,053 ($36,636 per year)
Nearby Companies
901 Palisade Rd
1003 Palisades Rd
6030 Hermitage Dr
1020 Palisades Rd