5049 Elmore Rd, Graceville
Jackson County Real Estate - Graceville
Graceville is in North West Florida. It's population as recorded in the 2010 Census was 2,278. Graceville is approximately 56 miles from Panama City (population 36,484) and around 50 miles from Lynn Haven (population 18,493).
The median age for residents of Graceville is 34.6. Around 28.3% of Graceville households include school aged children and 30.9% of households include individuals aged 65 years or over. Census records indicate 70.5% of the Graceville population are White, 24.2% are Black or African American, .5% American Indian, .1% Asian and 2.5% are Two or more Races.
There are 990 housing units in Graceville. 139 (14%) of these were reported as vacant in the 2010 Census. There are 404 residential rental units in Graceville. 383 of them were occupied in 2010 providing a residential rental vacancy rate of 4.5%.
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Jackson County
Jackson County is part of the Northwest Florida region, along with Bay, Santa Rosa, Escambia, Walton, Holmes, Washington, Okaloosa, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. Top industries for Jackson County include government, trade & transportation, education and health services, and agriculture & natural resources.
Jackson County is Florida's top producer of soybeans and peanuts and contains a large distribution center. Major private sector employers for Jackson County are Family Dollar Distribution Center, Wal-Mart, Rex Lumber Company, Anderson Columbia, Inc, and Mowery Elevator Company, Inc. The largest public sector employers are Florida Department of Corrections?Sneads, Bureau of prisons, Florida Department of Corrections ?Malone, Jackson County, and City of Marianna. Cities and towns in Jackson County include Alford, Bascom, Campbellton, Cottondale, Graceville, Grand Ridge, Greenwood, Jacob City, Malone, Marianna (county seat), and Sneads.
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 21 of all properties in this area. This suggests it would appeal to someone earning around $23,791 per year who should qualify for a mortgage between $47,582 and $59,478.
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 21 of all properties in this area. This corresponds to a rent of $488 per month and a monthly household income of $1,704 ($20,448 per year)