3924 Vega St, Panama City Beach

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%.

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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

AddressTypeSq FtClass 
7222 Sunset Ave Vacant Residential 0 L
7226 Sunset Ave Single Family 1,702 B
3918 Vega St Single Family 1,051 B
Vega St Vacant Residential 0 L
7230 Sunset Ave Single Family 1,866 B
3917 Vega St Single Family 2,465 B
7219 Sunset Ave Vacant Residential 0 L
3915 Vega St Single Family 1,079 B
7215 Sunset Ave Vacant Residential 0 L
7225 Sunset Ave Single Family 1,140 B
7213 Sunset Ave Single Family 1,125 B
3913 Vega St Single Family 1,079 B
7300 Sunset Ave Multi-family - less than 10 units 1,766 B
3915 Wand St Multi-family - less than 10 units 2,053 B
3911 Vega St Single Family 1,236 B
7209 Sunset Ave Single Family 1,282 B
7229 South Lagoon Dr Single Family 1,370 B
7231 South Lagoon Dr Single Family 1,370 B
7227 South Lagoon Dr Single Family 1,370 B
3909 Vega St Single Family 1,121 B
7235 South Lagoon Dr Single Family 1,052 B
3927 Vega St Single Family 3,542 B
7225 South Lagoon Dr Single Family 1,370 B
7237 South Lagoon Dr Single Family 1,052 B
7233 South Lagoon Dr Single Family 1,080 B
7205 Sunset Ave Single Family 1,401 B
7231 Sunset Ave Single Family 1,144 B
3924 Vicar St Single Family 1,804 B
3926 Vicar St Multi-family - less than 10 units 1,869 B
3907 Vega St Single Family 2,513 B
3922 Vicar St Single Family 926 B
7239 South Lagoon Dr Single Family 1,052 B
3920 Vicar St Single Family 822 B
7201 Sunset Ave Single Family 1,234 B
7222 Beach Dr Single Family 2,548 B
7301 Sunset Ave Single Family 1,462 B
7218 Beach Dr Single Family 1,422 B
7301 South Lagoon Dr Single Family 1,289 B
7226 Beach Dr Single Family 1,210 B
7214 Beach Dr Single Family 2,548 B
3914 Vicar St Single Family 1,712 B
7232 South Lagoon Dr Single Family 3,073 B
South Lagoon Dr Single Family 2,889 B
7308 Sunset Ave A & B Multi-family - less than 10 units 1,174 B
7210 Beach Dr Single Family 2,158 B
7131 Sunset Ave Single Family 1,101 B
7303 Sunset Ave Single Family 1,708 B
Beach Dr Vacant Residential 0 L
7300 Beach Dr Vacant Residential 2,142 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 29 of all properties in this area. This suggests it would appeal to someone earning around $36,588 per year who should qualify for a mortgage between $73,176 and $91,470.

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 29 of all properties in this area. This corresponds to a rent of $746 per month and a monthly household income of $2,730 ($32,760 per year)

Nearby Companies

Coogan'S Services LLC
7308 Beach Dr
Pcb Global, LLC
7315 South Lagoon Dr
West N The South LLC
3924 Vega St
Panama City Beach Paws & Claws, Inc.
7300 South Lagoon Dr
Sun, Fun, And Health, LLC.
7218 S Lagoon Dr
Kunicki Rentals, LLC
7200 S Lagoon Dr
U.S. Medical Transport, Inc.
7200 S Lagoon Dr
Gibson Marine & Emd LLC
7310 Beach Dr
Lydell'S Custom Furniture, LLC
7121 Sunset Ave
Disclaimers and Disclosures

Public Records Data

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