5341 Molino Rd, Molino
Escambia County Real Estate - Molino
Molino is in North West Florida. It's population as recorded in the 2010 Census was 1,277. Molino is approximately 22 miles from Pensacola (population 51,923) and around 32 miles from Navarre (population 31,378).
The median age for residents of Molino is 40.7. Around 36.4% of Molino households include school aged children and 30.5% of households include individuals aged 65 years or over. Census records indicate 75.3% of the Molino population are White, 20.6% are Black or African American, 1.4% American Indian, .4% Asian and 1.2% are Two or more Races.
There are 518 housing units in Molino. 60 (11.5%) of these were reported as vacant in the 2010 Census. There are 70 residential rental units in Molino. 61 of them were occupied in 2010 providing a residential rental vacancy rate of 12.9%.
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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
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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 69 of all properties in this area. This suggests it would appeal to someone earning around $87,115 per year who should qualify for a mortgage between $174,230 and $217,788.
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 69 of all properties in this area. This corresponds to a rent of $1,070 per month and a monthly household income of $3,739 ($44,868 per year)
Nearby Companies
5341 Molino Rd
5341 Molino Rd