418 Bunkers Cove Rd, 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 | |
|---|---|---|---|---|
| 420 Bunkers Cove Rd | Single Family | 2,836 | A |
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| 414 Bunkers Cove Rd | Single Family | 3,021 | B |
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| 410 Bunkers Cove Rd | Single Family | 3,962 | A |
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| 424 Bunkers Cove Rd | Single Family | 2,739 | A |
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| 429 Bunkers Cove Rd | Single Family | 4,011 | B |
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| 410 Bunkers Cove Rd | Vacant Residential | 0 | L | |
| 427 Bunkers Cove Rd | Single Family | 4,329 | B |
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| 433 Bunkers Cove Rd | Single Family | 3,209 | B |
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| 423 Bunkers Cove Rd | Single Family | 1,943 | B |
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| 437 Bunkers Cove Rd | Single Family | 1,624 | B |
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| 428 Bunkers Cove Rd | Single Family | 4,171 | B |
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| 421 Bunkers Cove Rd | Single Family | 1,920 | B |
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| 441 Bunkers Cove Rd | Single Family | 1,349 | B |
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| 419 Bunkers Cove Rd | Single Family | 3,055 | B |
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| 406 Bunkers Cove Rd | Single Family | 3,732 | A |
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| 415 Bunkers Cove Rd | Single Family | 3,052 | B |
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| 449 Sudduth Ave | Single Family | 4,396 | A |
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| Bunkers Cove Rd | Vacant Residential | 0 | L | |
| 423 Mac Arthur Ave S | Single Family | 1,667 | B |
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| 421 Mac Arthur Ave S | Single Family | 1,630 | B |
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| 425 Mac Arthur Ave S | Single Family | 1,916 | B |
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| 419 Mac Arthur Ave S | Single Family | 1,418 | B |
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| 427 Mac Arthur Ave S | Single Family | 1,529 | B |
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| 417 Mac Arthur Ave S | Single Family | 1,709 | B |
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| 429 Mac Arthur Ave S | Single Family | 1,264 | B |
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| 415 Mac Arthur Ave S | Single Family | 2,400 | B |
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| 431 Mac Arthur Ave S | Single Family | 1,652 | B |
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| 413 Mac Arthur Ave S | Single Family | 2,609 | B |
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| 443 Bunkers Cove Rd | Vacant Residential | 0 | L | |
| 451 Sudduth Av | Multi-family - less than 10 units | 6,008 | A |
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| 435 Mac Arthur Ave S | Single Family | 1,479 | B |
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| 409 Bunkers Cove Rd | Single Family | 3,103 | B |
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| 411 Mac Arthur Ave S | Single Family | 1,141 | 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 98 of all properties in this area. This suggests it would appeal to someone earning around $289,327 per year who should qualify for a mortgage between $578,654 and $723,318.
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 98 of all properties in this area. This corresponds to a rent of $2,255 per month and a monthly household income of $8,125 ($97,500 per year)