2951 Creole Way, 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 | |
|---|---|---|---|---|
| 2955 Creole Way | Single Family | 2,142 | B |
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| 2947 Creole Way | Single Family | 2,268 | B |
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| 2959 Creole Way | Single Family | 1,927 | B |
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| 3043 Creole Way | Single Family | 1,989 | B |
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| 3047 Creole Way | Single Family | 1,526 | B |
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| 3039 Creole Way | Single Family | 1,903 | B |
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| 2943 Creole Way | Single Family | 2,327 | B |
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| 3051 Creole Way | Single Family | 2,043 | B |
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| 2963 Creole Way | Single Family | 2,224 | B |
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| 3035 Creole Way | Single Family | 1,972 | B |
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| 7913 Jamabalaya Trl | Single Family | 1,932 | B |
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| 8025 Cayenne Way | Single Family | 1,828 | B |
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| 3055 Creole Way | Single Family | 2,142 | B |
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| 3031 Creole Way | Single Family | 2,141 | B |
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| 2967 Creole Way | Single Family | 1,965 | B |
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| 8021 Cayenne Way | Single Family | 2,136 | B |
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| 7915 Jambalaya Trl | Single Family | 1,727 | B |
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| 3059 Creole Way | Single Family | 1,910 | B |
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| 3029 Creole Way | Single Family | 1,816 | B |
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| 2971 Creole Way | Single Family | 1,773 | B |
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| 3046 Creole Way | Single Family | 1,841 | B |
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| 8017 Cayenne Way | Single Family | 2,136 | B |
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| 3042 Creole Way | Single Family | 1,997 | B |
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| 3050 Creole Way | Single Family | 1,783 | B |
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| 7908 Jambalaya Trl | Single Family | 1,864 | B |
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| 3038 Creole Way | Single Family | 2,250 | B |
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| 7919 Jambalaya Trl | Single Family | 1,899 | B |
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| 3027 Creole Way | Single Family | 1,922 | B |
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| 7912 Jambalaya Trl | Single Family | 1,676 | B |
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| 3054 Creole Way | Single Family | 1,918 | B |
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| 8024 Cayenne Way | Single Family | 2,427 | B |
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| 7906 Jambalaya Trl | Single Family | 1,844 | B |
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| 3034 Creole Way | Single Family | 2,000 | B |
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| 2975 Creole Way | Single Family | 1,950 | B |
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| 3058 Creole Way | Single Family | 2,006 | B |
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| 7914 Jambalaya Trl | Single Family | 2,337 | B |
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| 8013 Cayenne Way | Single Family | 1,941 | B |
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| 7904 Jambalaya Trl | Single Family | 1,988 | B |
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| 3030 Creole Way | Single Family | 2,045 | B |
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| 8020 Cayenne Way | Single Family | 2,127 | B |
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| 3023 Creole Way | Single Family | 1,977 | B |
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| 3062 Creole Way | Single Family | 2,263 | B |
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| 7923 Jambalaya Trl | Single Family | 1,838 | B |
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| 3028 Creole Way | Single Family | 1,833 | B |
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| 7902 Jambalaya Trl | Single Family | 2,159 | B |
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| 2979 Creole Way | Single Family | 2,305 | B |
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| 8016 Cayenne Way | Single Family | 1,753 | B |
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| 7817 Lenora St | Single Family | 1,167 | B |
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| 8009 Cayenne Way | Single Family | 1,829 | 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 73 of all properties in this area. This suggests it would appeal to someone earning around $93,350 per year who should qualify for a mortgage between $186,700 and $233,375.
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 73 of all properties in this area. This corresponds to a rent of $1,103 per month and a monthly household income of $3,901 ($46,812 per year)