Bay County Real Estate - Panama City Beach

Panama City Beach, positioned along Florida's gulf coast, has been called the "spring break capital of the world," attracting tens of thousands of college and high school students every year. In the early 2000s, high-rise condominiums and larger homes replaced small houses and run down motels, boosting the city's real estate market at the time. The City's white sand beaches, shopping, and numerous tourist attractions attract more than just spring breakers. Visitors of all ages frequent the city year round.

Panama City Beach is in North West Florida. It's population as recorded in the 2010 Census was 12,018. Panama City Beach is approximately 9 miles from Panama City (population 36,484) and around 51 miles from Fort Walton Beach (population 19,507).

The median age for residents of Panama City Beach is 40.9. Around 23.9% of Panama City Beach households include school aged children and 25.4% of households include individuals aged 65 years or over. Census records indicate 89.5% of the Panama City Beach population are White, 2.2% are Black or African American, .5% American Indian, 2.7% Asian and 3% are Two or more Races.

There are 17,141 housing units in Panama City Beach. 11,724 (68.3%) of these were reported as vacant in the 2010 Census. Panama City Beach is a tourist destination, 49% (5,746) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 7,028 residential rental units in Panama City Beach. 2,532 of them were occupied in 2010 providing a residential rental vacancy rate of 62.7%.

Panama City Beach 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 
6614 Thomas Dr Vacant Commercial 0 L
6624 Thomas Dr Vacant Commercial 0 L
6610 Thomas Dr Single Family 2,680 B
6615 Beach Dr Single Family 1,331 B
6615 Beach Dr B Single Family 1,331 B
6613 Beach Dr B Single Family 1,333 B
6617 Beach Dr A&B Multi-family - less than 10 units 2,730 B
6628 Thomas Dr B Restaurant, cafeteria 9,352 B
6613 Beach Dr A Single Family 1,333 B
6719 Beach Dr Vacant Commercial 0 L
6609 Beach Dr Single Family 2,488 B
6606 Thomas Dr Vacant Commercial 0 L
6625 Beach Dr Vacant Commercial 0 L
6605 Beach Dr Single Family 2,488 B
6532 Thomas Dr Vacant Commercial 0 L
6609 Thomas Dr 204 Condominium 1,427 B
6701 Thomas Dr Government Undefined 0 L
6609 Thomas Dr 306 Condominium 2,060 B
6609 Thomas Dr 502 Condominium 1,427 B
6700 Thomas Dr Vacant Commercial 0 L
6700 Thomas Dr Vacant Commercial 0 L
6700 Thomas Dr Vacant Commercial 0 L
6616 Beach Dr Multi-family - less than 10 units 1,870 B
6618 Beach Dr Single Family 1,029 B
6612 Beach Dr Multi-family - less than 10 units 2,628 B
6700 Thomas Dr Vacant Commercial 0 L
6609 Thomas Dr 604 Condominium 1,427 B
6622 Beach Dr Single Family 685 B
6700 Thomas Dr Vacant Commercial 0 L
6608 Beach Dr Single Family 2,235 B
6609 Thomas Dr 706 Condominium 2,060 B
6530 Thomas Dr Office building, non-professional service building, one story 594 B
6700 Thomas Dr Vacant Commercial 0 L
6626 Beach Dr Single Family 1,612 B
6604 Beach Dr Multi-family - less than 10 units 1,721 B
6715 Beach Dr Undefined - Reserved for Use by Department of Revenue 0 L
6609 Thomas Dr 902 Condominium 1,427 B
6609 Thomas Dr 203 Condominium 1,427 B
6529 Beach Dr Multi-family - less than 10 units 2,783 B
6609 Thomas Dr 305 Condominium 1,427 B
6708 Thomas Dr E Single Family 1,216 B
6609 Thomas Dr 1004 Condominium 1,427 B
6602 Beach Dr Single Family 1,976 B
6609 Thomas Dr 501 Condominium 2,060 B
6627 Thomas Dr 207 Condominium 2,647 A
6526 Thomas Dr Restaurant, cafeteria 2,524 B
6708 Thomas Dr D Single Family 1,189 B
6609 Thomas Dr 603 Condominium 1,427 B
6609 Thomas Dr 1106 Condominium 2,060 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

Splash Bar, Inc.
6520 Thomas Dr
Ahr Services LLC
6609 Thomas Dr
Cfh Design Studio LLC
6618 Beach Dr
Blue Ridge E & A LLC
6627 Thomas Dr
Dill Property Holdings, LLC
6505 Thomas Drive Unit 815-C
Disclaimers and Disclosures

Public Records Data

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