758 Grace Ave, 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 | |
---|---|---|---|---|
8th St | Vacant Commercial | 0 | L | |
740 Grace Ave | Church | 3,213 | B | |
24 8th St W | Office building, non-professional service building, one story | 5,966 | B | |
755 Grace Ave | Vacant Commercial | 0 | L | |
755 Harrison Ave | Florist or greenhouse | 5,319 | B | |
810 Grace Ave | Office building, non-professional service building, one story | 2,110 | B | |
114 8th St W | Single Family | 1,620 | B | |
801 Harrison Ave B | Office building, non-professional service building, one story | 3,303 | B | |
741 Harrison Ave | Store, one story | 7,050 | B | |
734 Grace Ave | Single Family | 1,422 | B | |
803 Harrison Ave | Service station | 1,804 | B | |
739 Grace Ave | Single Family | 2,299 | B | |
814 Grace Ave | Single Family | 752 | B | |
Harrison Ave | Vacant Commercial | 0 | L | |
805 Harrison Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 5,400 | B | |
811 Grace Ave | Office building, non-professional service building, one story | 2,308 | C | |
745 Grace Ave | Church | 3,160 | B | |
726 Grace Ave A&B | Single Family | 1,590 | B | |
735 Grace Ave | Single Family | 1,120 | B | |
818 Grace Ave | Single Family | 1,223 | B | |
809 Harrison Ave | Light manufacturing | 2,850 | B | |
760 Jenks Ave | Office building, non-professional service building, one story | 1,200 | B | |
754 Jenks Ave | Office building, non-professional service building, one story | 1,262 | B | |
811 Harrison Ave | Store, one story | 3,252 | B | |
729 Grace Ave | Single Family | 913 | B | |
748 Jenks Ave | Office building, non-professional service building, one story | 2,605 | B | |
722 Grace Ave | Single Family | 1,730 | B | |
800 Jenks Ave | Office building, non-professional service building, one story | 1,778 | B | |
815 Grace Ave | Single Family | 1,736 | B | |
717 Harrison Ave | Drive-in Restaurant | 4,879 | B | |
824 Grace Ave | Single Family | 1,407 | B | |
814 Jenks Ave | Single Family | 2,192 | B | |
723 Grace Ave | Vacant Residential | 0 | L | |
736 Jenks Ave | Office building, non-professional service building, one story | 4,122 | B | |
819 Grace Ave | Single Family | 1,096 | B | |
833 Harrison Ave | Office building, non-professional service building, one story | 5,133 | B | |
818 Jenks Ave | Single Family | 933 | B | |
714 Grace Ave | Single Family | 2,274 | B | |
747 Harrison Ave | Office building, non-professional service building, one story | 5,432 | B | |
738 Harrison Ave | Professional service building | 2,237 | B | |
719 Grace Ave | Vacant Residential | 0 | L | |
734 Jenks Ave | Office building, non-professional service building, one story | 812 | B | |
823 Grace Ave | Single Family | 2,341 | B | |
800 Harrison Ave | Financial institution (bank, saving and loan company, mortgage company, credit services) | 5,071 | B | |
824 Jenks Ave | Single Family | 2,045 | B | |
Harrison Ave | Vacant Commercial | 0 | L | |
830 Grace Ave | Single Family | 1,417 | B | |
730 Jenks Ave | Mixed use - store and office or store and residential or residential combination | 2,283 | 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 6 of all properties in this area. This suggests it would appeal to someone earning around $13,733 per year who should qualify for a mortgage between $27,466 and $34,333.
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 6 of all properties in this area. This corresponds to a rent of $391 per month and a monthly household income of $1,681 ($20,172 per year)
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