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 
2903 1st Ct E Single Family 1,293 B
115 Kraft Ave Single Family 776 B
2906 1st Ct E Single Family 2,119 B
121 Kraft Ave N Mobile Home 1,554 B
3013 1st Ct Vacant Residential 0 L
2808 1st Pz E Vacant Residential 0 L
2830 1st Ct E Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 8,144 C
2804 1st Pz E Vacant Residential 0 L
114 Kraft Ave Single Family 1,358 B
3014 1st Ct E Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 8,474 C
120 Kraft Ave Vacant Residential 0 L
3012 Cherry St Vacant Commercial 0 L
2807 1st Ct E Single Family 1,804 B
James Ave N Vacant Residential 0 L
2807 1st Ct E Vacant Residential 0 L
3014 Cherry St Vacant Commercial 0 L
1291/2 Everitt Ave Multi-family - less than 10 units 1,283 B
Everitt Ave Vacant Residential 0 L
126 Kraft Ave Vacant Residential 0 L
129 Everitt Ave Single Family 1,414 B
131 Everitt Ave Vacant Residential 0 L
2802 1st Ct E Vacant Residential 0 L
114 James Ave N Vacant Residential 0 L
Cherry & Everitt Av St Vacant Commercial 0 L
3016 Cherry St Vacant Commercial 0 L
123 Kraft Ave Church 4,120 B
109 Everitt Ave Vacant Commercial 0 L
133 Everitt Ave Single Family 1,363 B
118 James Ave N Single Family 766 B
116 James Ave N Single Family 755 B
2801 1st Ct E Vacant Residential 0 L
112 James Ave N Single Family 764 B
128 Kraft Ave Single Family 974 B
107 Everitt Ave Vacant Commercial 0 L
120 James Ave N Single Family 1,422 B
135 Everitt Ave Single Family 1,208 B
105 Everitt Ave Vacant Industrial 0 L
104 James Ave N Single Family 797 B
103 Everitt Ave Vacant Industrial 0 L
106 James Ave N Single Family 1,339 B
130 Kraft Ave Single Family 1,139 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.

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

Disclaimers and Disclosures

Public Records Data

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