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 
612 Maple Ave Single Family 1,691 B
1938 7th St E Single Family 1,472 B
1942 7th St E Church 9,329 B
610 Maple Ave Vacant Residential 0 L
611 Elm Ave Single Family 1,306 B
Maple Vacant Residential 0 L
617 Maple Ave Single Family 1,833 B
606 Maple Ave Vacant Residential 0 L
613 Maple Ave Single Family 1,158 B
609 Elm Ave Government Undefined 0 L
Elm Ave Government Undefined 0 L
611 Maple Ave Single Family 1,089 B
1808 7th St E Single Family 1,369 B
Maple Ave Vacant Residential 0 L
1937 7th St E Single Family 756 B
615 Maple Ave Single Family 1,265 B
607 Maple Ave Vacant Residential 0 L
604 Maple Ave Vacant Residential 0 L
605 Elm Ave Single Family 626 B
Elm Ave Vacant Residential 0 L
1941 7th St E Single Family 752 B
Elm Ave Vacant Residential 0 L
Elm Ave Vacant Residential 0 L
2020 7th St E Single Family 915 B
605 Maple Ave Vacant Residential 0 L
2003 7th St E Vacant Residential 0 L
624 Elm Ave Single Family 724 B
626 Elm Ave Vacant Residential 0 L
10 4s 14w Vacant Residential 0 L
1933 7th St E Single Family 1,131 B
Elm Ave Vacant Residential 0 L
628 Kirklin Ave Single Family 3,560 B
1923 7th St E Single Family 1,829 B
Elm Ave Vacant Residential 0 L
2013 7th St E Single Family 712 B
709 Maple Ave A Av Single Family 1,013 B
Elm Ave Vacant Residential 0 L
1919 7th St E Vacant Residential 0 L
618 Kirklin Ave Single Family 2,728 B
603 Elm Vacant Residential 0 L
1807 7th St E Church 2,980 B
603 Maple Ave Single Family 2,562 B
2015 7th St E Single Family 979 B
601 Elm Ave Vacant Residential 0 L
1805 7th St E Single Family 610 B
10 4s 14w -67- Vacant Residential 0 L
606 Elm Ave Vacant Residential 0 L
10 4s 14w -71- 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.

The tax assessed value of this property places it in percentile 22 of all properties in this area. This suggests it would appeal to someone earning around $30,226 per year who should qualify for a mortgage between $60,452 and $75,565.

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 22 of all properties in this area. This corresponds to a rent of $687 per month and a monthly household income of $2,471 ($29,652 per year)

Nearby Companies

Disclaimers and Disclosures

Public Records Data

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