4251 Watermill Rd, Jay
Santa Rosa County Real Estate - Jay
Jay is in North West Florida. It's population as recorded in the 2010 Census was 533. Jay is approximately 37 miles from Pensacola (population 51,923) and around 40 miles from Navarre (population 31,378).
The median age for residents of Jay is 37.3. Around 34.2% of Jay households include school aged children and 32.8% of households include individuals aged 65 years or over. Census records indicate 95.1% of the Jay population are White, .7% are Black or African American, 1.6% American Indian, .9% Asian and 1.5% are Two or more Races.
There are 264 housing units in Jay. 48 (18.1%) of these were reported as vacant in the 2010 Census. There are 112 residential rental units in Jay. 89 of them were occupied in 2010 providing a residential rental vacancy rate of 19.6%.
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Santa Rosa County
Santa Rosa County is part of the Northwest region of Florida, along with Bay, Escambia, Walton, Holmes, Jackson, Washington, Okaloosa, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. The largest industries by employment are trade, transportation & utilities; leisure & hospitality; education & health services; and professional & business services.
Top private sector employers for Santa Rosa County are Wal-Mart, Baptist Health Care, Clearwire, Mediacom, and Santa Rosa Medical Center. Major public sector employers are Santa Rosa County School District, US Government, Florida State Government, and Santa Rosa County. Cities and towns in Santa Rosa County include Gulf Breeze, Jay, and Milton.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 4265 Watermill Rd | Single Family | 1,478 | B |
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| 4206 Watermill Rd | Single Family | 1,071 | C |
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| 4215 Watermill Rd | Cropland soil capability Class II | 1,171 | C |
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| 4305 Watermill Rd | Mobile Home | 1,199 | C |
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Local Household Income
The median household income in this part of Florida is $67,081. The bottom 10% of the population earn less than $24,392 per year. The top 10% earn more than $150,124 per year. The top 1% earn more than $434,186 per year. Most renters earn between $32,172 (20th percentile) and $60,048 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $134,162 and $167,703.
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 $29,529 per year who should qualify for a mortgage between $59,058 and $73,823.
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 $1,018. Most renters earn between $2,681 and $5,004 per month. They typically spend 30% of their monthly income on rent. Most rents fall in the $705 (20th percentile) to $1,432 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 14 of all properties in this area. This corresponds to a rent of $646 per month and a monthly household income of $2,475 ($29,700 per year)