1720 E Cervantes 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 | |
|---|---|---|---|---|
| 1718 E Cervantes St | Single Family | 2,062 | A |
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| 1708 E Cervantes St | Single Family | 1,308 | B |
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| 1717 E Strong St | Single Family | 2,208 | A |
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| 1715 E Strong St | Single Family | 1,461 | B |
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| 1735 E Cervantes St | Single Family | 3,216 | A |
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| 1802 E Cervantes St | Single Family | 2,721 | B |
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| 1711 E Strong St | Single Family | 1,559 | B |
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| 1704 E Cervantes St | Single Family | 2,003 | B |
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| 1801 E Strong St | Single Family | 2,287 | B |
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| 1725 E Cervantes St | Single Family | 1,237 | B |
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| 1721 E Cervantes St | Single Family | 1,190 | B |
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| 720 N 18th Ave | Single Family | 1,645 | B |
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| 715 N 18th Ave | Multi-family - less than 10 units | 1,658 | B |
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| 1806 E Cervantes St | Single Family | 1,524 | B |
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| 1709 E Strong St | Single Family | 1,713 | B |
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| 1707 E Cervantes St | Single Family | 2,204 | B |
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| 1807 E Strong St | Single Family | 1,656 | B |
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| 1807 E Cervantes St | Multi-family - less than 10 units | 3,140 | A |
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| 800 N 17th Ave | Single Family | 1,302 | B |
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| 804 N 17th Ave | Single Family | 1,914 | B |
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| 901 N 18th Ave | Single Family | 1,567 | B |
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| 1808 E Cervantes St | Single Family | 1,278 | B |
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| 701 N 18th Ave | Single Family | 2,209 | B |
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| 1701 E Strong St | Single Family | 1,630 | B |
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| 1718 E Gadsden St | Single Family | 1,956 | B |
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| 1809 E Cervantes St | Single Family | 704 | B |
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| 1815 E Strong St | Single Family | 2,192 | B |
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| 903 N 18th Ave | Single Family | 1,387 | B |
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| 726 N 17th Ave | Multi-family - less than 10 units | 3,680 | B |
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| 1800 E Gadsden St | Multi-family - less than 10 units | 4,198 | B |
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| 1704 E Gadsden St | Multi-family - less than 10 units | 1,965 | B |
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| 1816 E Cervantes St | Single Family | 1,478 | B |
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| 1712 E Strong St | Single Family | 1,742 | B |
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| 900 N 18th Ave | Single Family | 1,706 | B |
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| 1702 E Gadsden St | Multi-family - less than 10 units | 1,745 | B |
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| 1815 E Cervantes St | Single Family | 1,258 | B |
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| 1710 E Strong St | Single Family | 1,980 | B |
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| 1806 E Gadsden St | Single Family | 1,055 | B |
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| 905 N 18th Ave | Single Family | 1,611 | B |
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| 1818 E Cervantes St | Single Family | 1,066 | B |
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| 1814 E Strong St | Single Family | 1,785 | B |
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| 1812 E Gadsden St | Single Family | 1,777 | B |
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| 1817 E Cervantes St | Single Family | 1,598 | B |
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| 1706 E Strong St | Single Family | 1,704 | B |
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| 1700 E Gadsden St | Single Family | 2,751 | A |
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| 817 N 19th Ave | Single Family | 1,302 | B |
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| 1816 E Strong St | Single Family | 1,544 | B |
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| 1624 E Cervantes St | Single Family | 1,809 | B |
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| 1700 E Strong St | Single Family | 1,260 | 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 68 of all properties in this area. This suggests it would appeal to someone earning around $75,534 per year who should qualify for a mortgage between $151,068 and $188,835.
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 68 of all properties in this area. This corresponds to a rent of $1,018 per month and a monthly household income of $3,385 ($40,620 per year)
Nearby Companies
1822 E Strong St
1720 E Cervantes St
1720 E Cervantes St
1720 E Cervantes St
1721 East Cervantes St
720 N 18th Ave
1818 E Cervantes St