311 Hatley Dr, Mexico Beach
Bay County Real Estate - Mexico Beach
Mexico Beach is a quiet vacation destination with many vacation homes lining its beaches. Most of its residents are seasonal with few people living there year round. It's the perfect spot for those who want Gulf front properties with direct beach access and views, but do not want to stay in a large hotel. It is short drive to Panama City Beach's attractions and shopping venues, but offers a more low key atmosphere.
Mexico Beach is in North West Florida. It's population as recorded in the 2010 Census was 1,072. Mexico Beach is approximately 21 miles from Panama City (population 36,484) and around 25 miles from Lynn Haven (population 18,493).
The median age for residents of Mexico Beach is 55.1. Around 13.1% of Mexico Beach households include school aged children and 42% of households include individuals aged 65 years or over. Census records indicate 93% of the Mexico Beach population are White, 1.8% are Black or African American, .3% American Indian, .7% Asian and 3% are Two or more Races.
There are 1,852 housing units in Mexico Beach. 1,289 (69.6%) of these were reported as vacant in the 2010 Census. Mexico Beach is a tourist destination, 67% (864) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 434 residential rental units in Mexico Beach. 183 of them were occupied in 2010 providing a residential rental vacancy rate of 55.8%.
Mexico Beach links:
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Bay County
Bay County is part of the Northwest Florida region, along with Santa Rosa, Escambia, Walton, Holmes, Jackson, Washington, Okaloosa, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. The largest industries by employment for Bay County are educational, health and social services; retail trade, and arts, entertainment, recreation, accommodation and food services. Bay County's white sand beaches and clear blue waters attract many visitors year round.
Top private sector employers in Bay County are Bay Medical center, Wal-Mart, Eastern Ship Building, Gulf Coast Medical Center, and Smurfit- Stone Container Corporation. Major public sector employers are Tyndall Air Force Base, Naval Support, Bay District schools, Gulf Coast State College, City of Panama City, Bay County Board, and Bay County Sheriff. Cities and towns in Bay County include Callaway, Lynn Haven, Mexico Beach, Panama City (county seat), Panama City Beach, Parker, and Springfield.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 313 Hatley Dr | Single Family | 1,565 | B |
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| 309 Hatley Dr | Single Family | 1,540 | B |
|
| 1401 15th St | Single Family | 1,501 | B |
|
| 15th St | Vacant Residential | 0 | L | |
| 310 Hatley Dr | Single Family | 1,140 | B |
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| 307 Hatley Dr | Vacant Residential | 0 | L | |
| 312 Hatley Dr | Single Family | 936 | B |
|
| 308 Hatley Dr | Single Family | 1,121 | B |
|
| 1219 15th St N | Single Family | 848 | B |
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| 314 Hatley Dr U-3 | Single Family | 1,188 | B |
|
| 306 Hatley Dr | Single Family | 1,879 | B |
|
| 316 Hatley Dr U-2 | Single Family | 1,170 | B |
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| 318 Hatley Dr | Single Family | 1,170 | B |
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| 305 Hatley Dr | Single Family | 1,775 | B |
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| 304 Hatley Dr | Single Family | 1,536 | B |
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| 302 Hatley Dr | Single Family | 1,606 | B |
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| 320 Hatley Dr | Vacant Residential | 0 | L | |
| 15th St | Vacant Residential | 0 | L | |
| 24 6s 12w -1.6- | Vacant Residential | 0 | L | |
| 301 Hatley Dr | Single Family | 1,393 | B |
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| 1202 Sleepy Hollow Rd | Single Family | 839 | B |
|
| 300 Hatley Dr | Single Family | 1,293 | B |
|
| 100 St. Christopher St | Single Family | 2,957 | B |
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Local Household Income
The median household income in this part of Florida is $57,128. The bottom 10% of the population earn less than $18,447 per year. The top 10% earn more than $136,019 per year. The top 1% earn more than $426,588 per year. Most renters earn between $29,172 (20th percentile) and $54,264 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $114,256 and $142,820.
The tax assessed value of this property places it in percentile 52 of all properties in this area. This suggests it would appeal to someone earning around $58,931 per year who should qualify for a mortgage between $117,862 and $147,328.
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 $937. Most renters earn between $2,431 and $4,522 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $665 (20th percentile) to $1,275 (80th percentile) range. The residential vacancy rate is 18%.
This property falls in percentile 52 of all properties in this area. This corresponds to a rent of $955 per month and a monthly household income of $3,405 ($40,860 per year)
Nearby Companies
113 St Christopher St