116 Virginia Ave, Lynn Haven
Bay County Real Estate - Lynn Haven
Lynn Haven is a residential town located along the coast of Florida's panhandle. It contains all of the basic amenities you would expect in an average sized city, such as gas stations, fast food restaurants, and a Wal-Mart. It contains one elementary, middle, and high school. Its greatest claim to fame is a Presbyterian Church built in 1911, which was included in "A Guide to Florida's Historic Architecture".
Lynn Haven is in North West Florida. It's population as recorded in the 2010 Census was 18,493. Lynn Haven is approximately 6 miles from Panama City (population 36,484).
The median age for residents of Lynn Haven is 37.7. Around 35.3% of Lynn Haven households include school aged children and 23.2% of households include individuals aged 65 years or over. Census records indicate 83.1% of the Lynn Haven population are White, 10% are Black or African American, .5% American Indian, 2.3% Asian and 2.9% are Two or more Races.
There are 8,266 housing units in Lynn Haven. 733 (8.8%) of these were reported as vacant in the 2010 Census. There are 2,907 residential rental units in Lynn Haven. 2,580 of them were occupied in 2010 providing a residential rental vacancy rate of 11%.
Lynn Haven 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 | |
|---|---|---|---|---|
| 516 2nd St W | Single Family | 3,465 | B |
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| 506 2nd St W | Vacant Residential | 0 | L | |
| 202 Virginia Ave | Single Family | 2,518 | B |
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| 514 2nd St W | Single Family | 3,156 | B |
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| 110 Alabama Ave C | Single Family | 2,891 | B |
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| 204 Virginia Ave | Single Family | 2,782 | B |
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| 201 Virginia Ave | Single Family | 1,948 | B |
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| 116 Alabama Ave | Single Family | 2,171 | B |
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| 112 Alabama Ave | Single Family | 3,074 | B |
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| 212 Virginia Ave | Single Family | 2,401 | B |
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| 200 Alabama Ave | Single Family | 2,192 | B |
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| 108 Alabama Ave | Single Family | 2,664 | B |
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| 211 Virginia Ave | Single Family | 2,578 | B |
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| 216 Virginia Ave. | Single Family | 3,394 | B |
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| 107 Kentucky Ave | Single Family | 2,384 | B |
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| 110 Alabama Ave B | Single Family | 4,452 | B |
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| 202 Alabama Ave | Single Family | 2,698 | B |
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| 111 Kentucky Ave | Single Family | 2,846 | B |
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| 604 3rd St W | Single Family | 3,014 | 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 91 of all properties in this area. This suggests it would appeal to someone earning around $143,179 per year who should qualify for a mortgage between $286,358 and $357,948.
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 91 of all properties in this area. This corresponds to a rent of $1,561 per month and a monthly household income of $5,420 ($65,040 per year)
Nearby Companies
216 Alabama Ave