609 Elm 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 | |
|---|---|---|---|---|
| 605 Elm Ave | Single Family | 626 | B |
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| 611 Elm Ave | Single Family | 1,306 | B |
|
| 626 Elm Ave | Vacant Residential | 0 | L | |
| 624 Elm Ave | Single Family | 724 | B |
|
| 606 Maple Ave | Vacant Residential | 0 | L | |
| 610 Maple Ave | Vacant Residential | 0 | L | |
| Elm Ave | Vacant Residential | 0 | L | |
| Maple Ave | Vacant Residential | 0 | L | |
| 604 Maple Ave | Vacant Residential | 0 | L | |
| Elm Ave | Vacant Residential | 0 | L | |
| Elm Ave | Vacant Residential | 0 | L | |
| 612 Maple Ave | Single Family | 1,691 | B |
|
| Elm Ave | Vacant Residential | 0 | L | |
| 606 Elm Ave | Vacant Residential | 0 | L | |
| Elm Ave | Vacant Residential | 0 | L | |
| 10 4s 14w | Vacant Residential | 0 | L | |
| 601 Elm Ave | Vacant Residential | 0 | L | |
| Elm Ave | Government Undefined | 0 | L | |
| Elm Ave | Vacant Residential | 0 | L | |
| 1942 7th St E | Church | 9,329 | B |
|
| 614 Maple Ave | Single Family | 1,709 | B |
|
| Elm Ave | Vacant Residential | 0 | L | |
| 603 Elm | Vacant Residential | 0 | L | |
| 2005 6th St E | Vacant Residential | 0 | L | |
| 619 Sherman Ave | Single Family | 1,044 | B |
|
| 10 4s 14w -69- | Vacant Residential | 0 | L | |
| 611 Maple Ave | Single Family | 1,089 | B |
|
| 1938 7th St E | Single Family | 1,472 | B |
|
| 607 Maple Ave | Vacant Residential | 0 | L | |
| 613 Maple Ave | Single Family | 1,158 | B |
|
| 10 4s 14w -69- | Vacant Residential | 0 | L | |
| 605 Maple Ave | Vacant Residential | 0 | L | |
| Maple | Vacant Residential | 0 | L | |
| 10 4s 14w -67- | Vacant Residential | 0 | L | |
| 2020 7th St E | Single Family | 915 | B |
|
| 526 Maple Ave | Single Family | 930 | B |
|
| 603 Maple Ave | Single Family | 2,562 | B |
|
| 541 Elm Ave | Church | 3,282 | B |
|
| 10 4s 14w -71- | Vacant Residential | 0 | L | |
| 540 Elm Ave | Church | 3,128 | B |
|
| 517 Maple Ave | Vacant Residential | 0 | L | |
| 617 Maple Ave | Single Family | 1,833 | B |
|
| 2030 7th St E | Club, lodge or union hall | 2,778 | B |
|
| 615 Maple Ave | Single Family | 1,265 | B |
|
| 514 Maple Ave | Vacant Residential | 811 | L |
|
| 618 Kirklin Ave | Single Family | 2,728 | B |
|
| 1805 6th St E | Mobile Home | 924 | B |
|
| 538 Elm Ave | Single Family | 929 | B |
|
| 6th St E | Vacant Residential | 0 | L |
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.
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%.
Nearby Companies
1942 East 7th St