5421 Lance St, 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 | |
|---|---|---|---|---|
| 5419 Lance St | Single Family | 995 | B |
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| 5423 Lance St | Single Family | 865 | B |
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| 5425 Lance St | Single Family | 865 | B |
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| 5427 Lance St | Single Family | 975 | B |
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| 741 Camellia Ave | Single Family | 1,423 | B |
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| 737 Camellia Ave | Single Family | 1,161 | B |
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| 5429 Lance St | Single Family | 865 | B |
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| 733 Camellia Ave | Single Family | 1,181 | B |
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| 5426 Lance St | Single Family | 1,528 | B |
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| 729 Camellia Ave | Single Family | 1,185 | B |
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| 5428 Lance St | Single Family | 1,711 | B |
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| 5424 Lance St | Single Family | 1,893 | B |
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| 5430 Lance St | Single Family | 1,751 | B |
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| 5422 Lance St | Single Family | 1,848 | B |
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| 725 Camellia Ave | Single Family | 1,214 | B |
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| 5420 Lance St | Single Family | 1,751 | B |
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| 5440 Lake Dr | Single Family | 4,431 | B |
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| 5337 Lance St | Single Family | 2,036 | B |
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| 721 Camellia Ave | Single Family | 1,203 | B |
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| 740 Tyndall Pkwy S | Office building, non-professional service building, one story | 5,586 | B |
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| 5418 Lance St | Single Family | 1,702 | B |
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| 732 Tyndall Pkwy S | Vacant Commercial | 0 | L | |
| 804 Tyndall Pkwy S | Restaurant, cafeteria | 2,575 | B |
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| 717 Camellia Ave | Single Family | 1,266 | B |
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| 5416 Lance St | Single Family | 1,664 | B |
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| 732 Camellia Ave | Vacant Residential | 0 | L | |
| 726 Tyndall Pkwy S | Store, one story | 6,480 | B |
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| 5414 Lance St | Single Family | 1,730 | B |
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| 713 Camellia Ave | Single Family | 1,214 | B |
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| 5327 Lance St | Single Family | 1,324 | B |
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| 5412 Lance St | Single Family | 1,702 | B |
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| 709 Camellia Ave | Single Family | 1,415 | B |
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| 818 Tyndall Pkwy S | Financial institution (bank, saving and loan company, mortgage company, credit services) | 5,734 | B |
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| 5425 Boat Race Rd | Parking lot (commercial or patron) or mobile home park | 2,662 | 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 13 of all properties in this area. This suggests it would appeal to someone earning around $21,207 per year who should qualify for a mortgage between $42,414 and $53,018.
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 13 of all properties in this area. This corresponds to a rent of $568 per month and a monthly household income of $2,116 ($25,392 per year)
Nearby Companies
740 S Tyndall Pkwy
740 S Tyndall Pkwy
5420 Lance St
804 S Tyndall Pkwy