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:

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

AddressTypeSq FtClass 
1301 Grace Ave Single Family 1,559 B
1307 Grace Ave Single Family 1,154 B
106 13th St W Single Family 980 B
1309 Grace Ave Single Family 1,276 B
1306 Jenks Ave Vacant Commercial 0 L
1312 Jenks Ave Vacant Commercial 0 L
1245 Grace Ave Single Family 1,345 B
Grace Ave Vacant Residential 0 L
1314 Jenks Ave Repair service shop (excluding automotive) 1,920 B
108 13th St W Vacant Commercial 0 L
1304 Grace Ave Multi-family - less than 10 units 3,612 B
1300 Grace Ave Multi-family - less than 10 units 5,112 B
1316 Jenks Ave Repair service shop (excluding automotive) 2,556 B
1311 Grace Ave Multi-family - less than 10 units 4,500 B
1322 Grace Ave Vacant Commercial 0 L
1244 Grace Ave Single Family 1,944 B
1235 Grace Ave Single Family 1,259 B
1326 Jenks Ave Office building, non-professional service building, one story 1,355 B
1240 Jenks Ave Service station 3,030 B
1331 Grace Ave Single Family 1,389 B
1242 Grace Ave Single Family 1,080 B
1324 Grace Ave Single Family 1,120 B
1303 Jenks Ave Vacant Commercial 0 L
1238 Grace Ave Single Family 1,518 B
1301 Harrison Ave Auto sales, auto repair and storage or auto service shop 2,362 B
1234 Jenks Ave Office building, non-professional service building, one story 1,464 B
1328 Jenks Ave Office building, non-professional service building, one story 3,656 B
1319 Jenks Ave Vacant Commercial 0 L
1227 Grace Ave Single Family 1,635 B
1335 Grace Ave Single Family 1,941 B
1330 Grace Ave Vacant Residential 0 L
1317 Harrison Ave Office building, non-professional service building, one story 2,723 B
1397 Jenks Ave Professional service building 2,880 A
1325 Jenks Ave Auto sales, auto repair and storage or auto service shop 6,316 B
1245 13th St Multi-family - less than 10 units 3,908 B
Harrison Ave Public county school 0 L
1325 Harrison Ave Office building, non-professional service building, one story 5,126 B
1228 Grace Ave Single Family 2,230 B
1243 Jenks Ave Florist or greenhouse 1,763 B
1336 Grace Ave Single Family 1,440 B
1223 Grace Ave Single Family 1,300 B
1219 Harrison Ave Public county school 0 L
1232 Jenks Ave Office building, non-professional service building, one story 1,713 B
1329 Jenks Ave Repair service shop (excluding automotive) 3,600 B
1341 Grace Ave Single Family 1,292 B
1237 Jenks Ave Single Family 1,112 B
1331 Harrison Ave Store, one story 5,028 B
Jenks Ave Vacant Commercial 0 L
1221 Grace Ave Single Family 994 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 19 of all properties in this area. This suggests it would appeal to someone earning around $26,913 per year who should qualify for a mortgage between $53,826 and $67,283.

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 19 of all properties in this area. This corresponds to a rent of $654 per month and a monthly household income of $2,398 ($28,776 per year)

Nearby Companies

The Reed Law Office, P.A.
1328 Jenks Ave
Brenten Boat Works LLC
1412 B Grace Ave
Panama City Hot Glass LLC
1331 Harrison Ave
Lockmasters Usa, Inc.
1232 Jenks Ave
Castaway Cats, Inc.
1245 Grace Ave
Kc Home Services, LLC
1314 Jenks Ave
Larry'S Shed Moving LLC
1301 Harrison Ave
Reliable Copy Products, Inc.
1317 Harrison Ave
J&M Investments Of Nwf LLC
1317 Harrison Ave
Kutthroat Kustoms LLC
1329 Jenks Ave
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.