5877 Somerset 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 | |
|---|---|---|---|---|
| 5897 Somerset Dr | Single Family | 1,948 | B |
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| 5867 Somerset Dr | Single Family | 1,989 | B |
|
| 5857 Somerset Dr | Single Family | 2,035 | B |
|
| 2550 Amberjack Ct | Single Family | 2,215 | B |
|
| 5899 Somerset Dr | Single Family | 1,928 | B |
|
| 2551 Amberjack Ct | Single Family | 2,204 | B |
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| 5860 Somerset Dr | Single Family | 2,291 | B |
|
| 2500 Sea Robin Rd | Single Family | 2,108 | B |
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| 5858 Somerset Dr | Single Family | 2,798 | B |
|
| 2504 Sea Robin Rd | Single Family | 1,890 | B |
|
| 5847 Somerset Dr | Vacant Residential | 0 | L | |
| 2554 Amberjack Ct | Single Family | 2,023 | B |
|
| 5908 Somerset Dr | Single Family | 2,642 | B |
|
| 5919 Somerset Dr | Single Family | 2,136 | B |
|
| 2129 Sunbury Dr | Single Family | 2,662 | B |
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| 2555 Amberjack Ct | Single Family | 1,992 | B |
|
| 2512 Sea Robin Rd | Single Family | 1,948 | B |
|
| 5838 Somerset Dr | Single Family | 2,512 | B |
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| 5837 Somerset Dr | Single Family | 1,938 | B |
|
| 2501 Sea Robin Rd | Single Family | 1,790 | B |
|
| 2558 Amberjack Ct | Single Family | 1,907 | B |
|
| 2117 Sunbury Cir | Vacant Residential | 0 | L | |
| 5918 Somerset Dr | Single Family | 2,098 | B |
|
| 2128 Sunbury Dr | Single Family | 2,099 | B |
|
| 2608 Tinosa Cir | Single Family | 2,052 | B |
|
| 2559 Amberjack Ct | Single Family | 1,905 | B |
|
| 5828 Somerset Dr | Single Family | 1,818 | B |
|
| 2516 Sea Robin Rd | Single Family | 1,631 | B |
|
| 2505 Sea Robin Rd | Single Family | 1,875 | B |
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| 5827 Somerset Dr | Single Family | 2,377 | B |
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| 5929 Somerset Dr | Single Family | 1,893 | B |
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| 2562 Amberjack Ct | Single Family | 1,778 | B |
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| 2115 Sunbury Cir | Single Family | 2,687 | B |
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| 2509 Sea Robin Rd | Single Family | 2,284 | B |
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| 5928 Somerset Dr | Single Family | 1,970 | B |
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| 2121 Sunbury Dr | Single Family | 2,352 | B |
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| 2124 Sunbury Dr | Single Family | 2,259 | B |
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| 2119 Sunbury Cir | Single Family | 2,523 | B |
|
| 2563 Amberjack Ct | Single Family | 1,871 | B |
|
| 5818 Somerset Dr | Single Family | 2,040 | B |
|
| 2606 Tinosa Cir | Single Family | 1,772 | B |
|
| 2520 Sea Robin Rd | Single Family | 1,927 | B |
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| 2513 Sea Robin Rd | Single Family | 1,927 | B |
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| 5939 Somerset Dr | Single Family | 2,040 | B |
|
| 2610 Tinosa Cir | Single Family | 2,081 | B |
|
| 2566 Amberjack Rd | Single Family | 1,748 | B |
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| 2422 Cavalla Loop | Single Family | 1,938 | B |
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| 2145 Yardley Cir | Single Family | 1,841 | B |
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| 2420 Cavalla Loop | Single Family | 2,164 | B |
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Local Household Income
The median household income in this part of Florida is $63,573. The bottom 10% of the population earn less than $21,197 per year. The top 10% earn more than $140,614 per year. The top 1% earn more than $421,161 per year. Most renters earn between $28,908 (20th percentile) and $51,204 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $127,146 and $158,933.
The tax assessed value of this property places it in percentile 60 of all properties in this area. This suggests it would appeal to someone earning around $74,558 per year who should qualify for a mortgage between $149,116 and $186,395.
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 $879. Most renters earn between $2,409 and $4,267 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $632 (20th percentile) to $1,220 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 60 of all properties in this area. This corresponds to a rent of $975 per month and a monthly household income of $3,392 ($40,704 per year)
Nearby Companies
2550 Amberjack Ct
2128 Sunbury Dr
5929 Somerset Dr