6505 Lance St, Panama City
Bay County Real Estate - Panama City
Panama City is the largest city between Tallahassee and Pensacola and should be distinguished from Panama City Beach, which is an entirely different city. Panama City is a working class, industrial city with a power plant and a paper manufacturer acting as the major employers. Panama City is also home to Tyndall Air Force Base and a US Naval Base. The city acts as a popular fishing and boating location for residents, given its close proximity to the Gulf, but attracts fewer tourists than neighboring areas.
Panama City is in North West Florida. It's population as recorded in the 2010 Census was 36,484. Panama City .
The median age for residents of Panama City is 39.7. Around 27.8% of Panama City households include school aged children and 27.9% of households include individuals aged 65 years or over. Census records indicate 71.6% of the Panama City population are White, 21.9% are Black or African American, .5% American Indian, 1.6% Asian and 2.8% are Two or more Races.
There are 17,438 housing units in Panama City. 2,646 (15.1%) of these were reported as vacant in the 2010 Census. There are 8,233 residential rental units in Panama City. 6,909 of them were occupied in 2010 providing a residential rental vacancy rate of 15.8%.
Panama City 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 | |
|---|---|---|---|---|
| 6509 Lance St | Single Family | 1,494 | B |
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| 6501 Lance St | Single Family | 1,627 | B |
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| 6513 Lance St | Single Family | 1,510 | B |
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| 6510 Lake Dr | Single Family | 2,032 | B |
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| 6506 Lake Dr | Single Family | 2,108 | B |
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| 6514 Lake Dr | Single Family | 2,117 | B |
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| 6506 Lance St | Single Family | 1,211 | B |
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| 6502 Lance St | Single Family | 1,424 | B |
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| 6510 Lance St | Single Family | 1,335 | B |
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| 6517 Lance St | Single Family | 1,564 | B |
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| 6514 Lance St | Single Family | 1,257 | B |
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| 6419 Lance St | Single Family | 1,172 | B |
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| 6518 Lake Dr | Single Family | 1,656 | B |
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| 6521 Lance St | Single Family | 1,602 | B |
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| 6518 Lance St | Single Family | 1,556 | B |
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| 6416 Lake Dr | Single Family | 1,697 | B |
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| 6411 Lance St | Single Family | 1,347 | B |
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| 6503 Enzor St | Single Family | 1,436 | B |
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| 6524 Lake Dr | Single Family | 1,431 | B |
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| 6507 Enzor St | Single Family | 1,162 | B |
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| 6501 Enzor St | Single Family | 1,185 | B |
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| 6522 Lance St | Single Family | 1,580 | B |
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| 6511 Enzor St | Single Family | 1,302 | B |
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| 6525 Lance St | Single Family | 1,584 | B |
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| 6410 Lake Dr | Single Family | 1,422 | B |
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| 6407 Lance St | Single Family | 1,610 | B |
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| 6515 Enzor St | Single Family | 1,250 | B |
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| 6526 Lance St | Single Family | 1,592 | B |
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| 6600 Lake Dr | Single Family | 1,397 | B |
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| 6416 Lance St | Single Family | 1,222 | B |
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| 6603 Lance St | Single Family | 1,477 | B |
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| 6519 Enzor St | Single Family | 1,473 | B |
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| 6322 Lake Dr | Single Family | 2,053 | B |
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| 6412 Lance St | Single Family | 1,243 | B |
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| 6403 Lance St | Single Family | 1,105 | B |
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| 6421 Lake Dr | Single Family | 2,208 | B |
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| 6604 Lance St | Single Family | 1,470 | B |
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| 6523 Enzor St | Single Family | 1,291 | B |
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| 6604 Lake Dr | Single Family | 1,621 | B |
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| 6607 Lance St | Single Family | 1,511 | B |
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| 6408 Lance St | Single Family | 1,515 | B |
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| 6504 Enzor St | Single Family | 1,546 | B |
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| 6508 Enzor St | Single Family | 1,284 | B |
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| 6500 Enzor St | Single Family | 1,520 | B |
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| 6329 Lance St | Single Family | 1,149 | B |
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| 6608 Lance St | Single Family | 1,304 | B |
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| 6603 Enzor St | Single Family | 1,355 | B |
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| 6318 Lake Dr | Single Family | 1,590 | B |
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| 6512 Enzor St | Single Family | 1,415 | 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 44 of all properties in this area. This suggests it would appeal to someone earning around $50,354 per year who should qualify for a mortgage between $100,708 and $125,885.
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 44 of all properties in this area. This corresponds to a rent of $885 per month and a monthly household income of $3,189 ($38,268 per year)
Nearby Companies
6411 Lance St
6516 Enzor St