3526 Hwy 162, Bonifay
Holmes County Real Estate - Bonifay
Bonifay is in North West Florida. It's population as recorded in the 2010 Census was 2,793. Bonifay is approximately 44 miles from Panama City (population 36,484) and around 53 miles from Crestview (population 20,978).
The median age for residents of Bonifay is 40.8. Around 33.5% of Bonifay households include school aged children and 33.1% of households include individuals aged 65 years or over. Census records indicate 84.8% of the Bonifay population are White, 10% are Black or African American, .8% American Indian, .8% Asian and 2.6% are Two or more Races.
There are 1,267 housing units in Bonifay. 177 (13.9%) of these were reported as vacant in the 2010 Census. There are 555 residential rental units in Bonifay. 501 of them were occupied in 2010 providing a residential rental vacancy rate of 9%.
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Holmes County
Holmes County is part of the Northwest Florida region, along with Bay, Santa Rosa, Escambia, Walton, Jackson, Washington, Okaloosa, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. The largest industries by employment are public administration; trade, transportation & utility; and construction.
Major private sector employers for Holmes County are Bonifay Nursing & Rehab, Piggly Wiggly, LKQ, Bonifay IGA, Jerkin's Inc. and Arban. Major public sector employers are Florida Department of Corrections, Holmes County School Board, and County of Holmes. Cities and towns in Holmes County include Bonifay (county seat), Esto, Noma, Ponce de Leon, and Westville.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 3524 Hwy 162 | Single Family | 1,784 | B |
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| 3520 Hwy 162 | Single Family | 3,847 | B |
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| 3530 Hwy 162 | Single Family | 3,169 | B |
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Local Household Income
The median household income in this part of Florida is $50,843. The bottom 10% of the population earn less than $15,071 per year. The top 10% earn more than $118,419 per year. The top 1% earn more than $409,192 per year. Most renters earn between $20,136 (20th percentile) and $39,888 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $101,686 and $127,108.
The tax assessed value of this property places it in percentile 14 of all properties in this area. This suggests it would appeal to someone earning around $18,666 per year who should qualify for a mortgage between $37,332 and $46,665.
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 $744. Most renters earn between $1,678 and $3,324 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $486 (20th percentile) to $1,034 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 14 of all properties in this area. This corresponds to a rent of $422 per month and a monthly household income of $1,561 ($18,732 per year)