1358 Gavin Rd, Bonifay
Holmes County Real Estate - Noma
Noma is in North West Florida. It's population as recorded in the 2010 Census was 211. Noma is approximately 57 miles from Panama City (population 36,484) and around 59 miles from Crestview (population 20,978).
The median age for residents of Noma is 41.4. Around 34.8% of Noma households include school aged children and 25.5% of households include individuals aged 65 years or over. Census records indicate 77.7% of the Noma population are White, 21.3% are Black or African American, 0% American Indian, 0% Asian and .9% are Two or more Races.
There are 96 housing units in Noma. 10 (10.4%) of these were reported as vacant in the 2010 Census. There are 27 residential rental units in Noma. 25 of them were occupied in 2010 providing a residential rental vacancy rate of 7.4%.
Noma links:
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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
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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 50 of all properties in this area. This suggests it would appeal to someone earning around $50,843 per year who should qualify for a mortgage between $101,686 and $127,108.
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 50 of all properties in this area. This corresponds to a rent of $744 per month and a monthly household income of $2,360 ($28,320 per year)