2604 Hwy 98, 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 | |
|---|---|---|---|---|
| 102 27th St N | Single Family | 2,662 | B |
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| 101 26th St N | Single Family | 1,529 | B |
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| 103 26th St | Vacant Residential | 0 | L | |
| 2700 Hwy 98 | Mixed use - store and office or store and residential or residential combination | 2,494 | B |
|
| 104 27th St N | Single Family | 1,583 | B |
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| 103 27th St N | Single Family | 1,820 | B |
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| 2603 Hwy 98 B | Single Family | 1,632 | B |
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| 2603 Hwy 98 C | Single Family | 1,632 | B |
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| 2603 Hwy 98 A | Single Family | 1,632 | B |
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| 2603 Hwy 98 D | Single Family | 1,632 | B |
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| 105 26th St | Single Family | 2,015 | A |
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| 2601 Hwy 98 | Single Family | 1,595 | B |
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| 2502 Hwy 98 A | Single Family | 2,258 | B |
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| 105 27th St | Single Family | 1,605 | B |
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| 106 27th St N | Single Family | 987 | B |
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| 103 27th St S | Single Family | 1,047 | B |
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| 2701 Hwy 98 | Single Family | 1,674 | B |
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| 2502 Hwy 98 B | Single Family | 2,258 | B |
|
| 2704 Hwy 98 | Multi-family - less than 10 units | 1,788 | B |
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| 107 26th St | Single Family | 1,564 | B |
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| 102 26th St | Single Family | 907 | B |
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| 102 28th St | Single Family | 1,753 | B |
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| 102 26th St A&B | Multi-family - less than 10 units | 2,252 | B |
|
| 103 27th St | Single Family | 1,047 | B |
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| 107 27th St | Single Family | 953 | B |
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| 102 27th St | Single Family | 1,078 | B |
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| 2703 Hwy 98 A | Single Family | 1,112 | B |
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| 2503 Hwy 98 D | Single Family | 2,791 | B |
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| 2502c Hwy 98 | Single Family | 2,286 | B |
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| 101 28th St | Single Family | 1,112 | B |
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| 104 26th St | Single Family | 1,047 | B |
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| 104 28th St | Single Family | 1,072 | B |
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| 2503 Hwy 98 C | Single Family | 2,791 | B |
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| 101 28th St | Single Family | 1,170 | B |
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| 108 27th St N | Single Family | 2,132 | B |
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| 102 27th St | Single Family | 1,044 | B |
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| 2503 Hwy 98 B | Single Family | 2,791 | B |
|
| 109 26th St | Single Family | 728 | B |
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| 105 27th St | Single Family | 1,728 | B |
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| 2703 Hwy 98 D | Single Family | 1,122 | B |
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| 2503 Hwy 98 A | Single Family | 2,791 | B |
|
| 104 26th St S | Single Family | 2,314 | B |
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| 106 26th St | Single Family | 2,246 | C |
|
| 104 27th St | Single Family | 749 | B |
|
| 106 28th St | Vacant Residential | 0 | L | |
| 109 27th St | Vacant Residential | 0 | L | |
| 103 28th St S A | Single Family | 897 | B |
|
| 2802 Hwy 98 | Undefined - Reserved for Use by Department of Revenue | 0 | L | |
| 103 26th St S | Single Family | 1,247 | B |
|
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 36 of all properties in this area. This suggests it would appeal to someone earning around $43,045 per year who should qualify for a mortgage between $86,090 and $107,613.
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 36 of all properties in this area. This corresponds to a rent of $814 per month and a monthly household income of $2,936 ($35,232 per year)
Nearby Companies
2704 W Hwy 98