504 Bay 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

AddressTypeSq FtClass 
1305 5th St E Restaurant, cafeteria 1,828 B
522 Bay Ave Single Family 2,441 B
509 Williams Ave Service station 1,020 C
511 Williams Ave Single Family 3,422 B
1307 5th St E Store, one story 3,290 B
1213 5th St E Single Family 2,524 B
526 Bay Ave Single Family 1,165 B
515 Williams Ave Single Family 1,727 B
521 Bay Ave Single Family 2,339 B
1320 Hwy 98 Bus E 308 Condominium 1,232 B
1320 Hwy 98 Bus E 307 Condominium 1,232 B
1320 Hwy 98 Bus E 309 Condominium 695 B
1320 Hwy 98 Bus E 306 Condominium 695 B
1320 Hwy 98 Bus E 310 Condominium 1,232 B
1320 Hwy 98 Bus E 208 Condominium 695 B
1320 Hwy 98 Bus E 207 Condominium 1,232 B
1320 Hwy 98 Bus E 206 Condominium 1,232 B
1320 Hwy 98 Bus E 205 Condominium 695 B
506 Williams Ave Vacant Commercial 0 L
1201 5th St E Single Family 3,148 B
1320 Hwy 98 Bus E 303 Condominium 844 B
510 Williams Ave Vacant Residential 0 L
1320 Hwy 98 Bus E 304 Condominium 695 B
1320 Hwy 98 Bus E 302 Condominium 844 B
1320 Hwy 98 Bus E 110 Condominium 695 B
1320 Hwy 98 Bus E 301 Condominium 695 B
1320 Hwy 98 Bus E 305 Condominium 844 B
600 Bay Ave Single Family 956 B
1320 Hwy 98 Bus E 204 Condominium 695 B
1320 Hwy 98 Bus E 203 Condominium 844 B
1415 5th St E Office building, non-professional service building, one story 2,244 B
1320 Hwy 98 Bus E 109 Condominium 1,232 B
1320 Hwy 98 Bus E 202 Condominium 844 B
1206 6th St E Single Family 1,988 B
1320 Hwy 98 Bus E 201 Condominium 695 B
1320 Hwy 98 Bus E 108 Condominium 1,232 B
512 Williams Ave Multi-family - less than 10 units 3,801 B
601 Williams Ave Single Family 1,868 B
1320 Hwy 98 Bus E 105 Condominium 695 B
1320 Hwy 98 Bus E 107 Condominium 695 B
602 Bay Ave Single Family 1,442 B
1204 6th St E Single Family 1,453 B
1320 Hwy 98 Bus E 104 Condominium 844 B
1320 Hwy 98 Bus E 106 Condominium 695 B
1320 Hwy 98 Bus E 103 Condominium 844 B
1320 Hwy 98 Bus E 102 Condominium 695 B
1202 6th St E Single Family 1,605 B
1320 Hwy 98 Bus E 101 Condominium 695 B
603 Williams Ave Single Family 811 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)

Nearby Companies

Thomas Drive Mgmt Inc
1307 E 5th St
Am Business, Inc.
1307 East 5th St
Tawkal Business, Inc.
1307 East 5th St
Bayou Pointe Villas, Inc.
1320 E 5th St
Triple P Cleaning Service LLC
1415 E 5th St
Best Quality Hospitality LLC
1415 E 5th St
Pan Quality Hospitality LLC
1415 E 5th St
Disclaimers and Disclosures

Public Records Data

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