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 
4806 Spyglass Dr Multi-family - less than 10 units 4,038 B
4725 Hispaniola St Single Family 4,622 B
4805 Hispaniola St Single Family 1,142 B
4807 Hispaniola St Single Family 1,142 B
4121 Lookout St Single Family 2,991 B
4809 Hispaniola St Single Family 1,142 B
4811 Hispaniola St Single Family 1,142 B
4810 Spyglass Dr Single Family 1,378 B
Lookout St Multi-family - less than 10 units 3,659 B
4805 Spyglass Dr Single Family 2,026 B
4801 Spyglass Dr Vacant Residential 0 L
4815 Hispaniola St Single Family 2,314 B
Spyglass Dr Government Undefined 0 L
4807 Spyglass Dr Single Family 1,564 B
4723 Spyglass Dr Single Family 3,728 B
Spyglass Dr Vacant Residential 0 L
4819 A Hispaniola St A Single Family 1,337 B
4809 Spyglass Dr Single Family 2,680 B
4812 Spyglass Dr Single Family 2,631 B
4710 Hispaniola St Multi-family - less than 10 units 4,786 B
4819 Hispaniola St B Single Family 1,337 B
4717 Spyglass Dr Single Family 3,960 A
4804 Hispaniola St Single Family 2,548 B
4806 Hispaniola St Single Family 2,548 B
4819 Hispaniola St C Single Family 1,337 B
4802 Hispaniola St Single Family 2,548 B
4808 Hispaniola St Single Family 2,568 B
4810 Hispaniola St Single Family 2,568 B
4811 Spyglass Dr Single Family 3,317 B
4821 Hispaniola St A Single Family 1,337 B
4812 Hispaniola St Single Family 2,568 B
4723 Thomas Dr Nightclub, cocktail lounge or bar 5,439 B
Spyglass Dr Government Undefined 0 L
Spyglass Dr Government Undefined 0 L
4814 Hispaniola St Single Family 2,548 B
4821 Hispaniola St B Single Family 1,337 B
Thomas Dr Vacant Commercial 0 L
4713 Spyglass Dr Single Family 3,014 B
4816 Hispaniola St Single Family 2,548 B
Thomas Dr Vacant Commercial 0 L
4821 Hispaniola St Single Family 1,337 B
4814 Spyglass Dr Single Family 2,250 B
4715 Thomas Dr 105 D Condominium 1,404 B
4715 Thomas Dr 104 C Condominium 1,056 B
4818 Hispaniola St Single Family 2,548 B
4715 Thomas Dr 106 D Condominium 1,404 B
Thomas Dr Vacant Commercial 0 L
4715 Thomas Dr 103 C Condominium 1,056 B
4823 Hispaniola St A Single Family 1,337 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

4082 Hispaniola LLC
4082 Hispaniola St
Lookout Street, LLC
4723 Thomas Dr
Greiner Enterprises LLC
4723 Thomas Dr
Klb Cleaning Service LLC
4823 Hispaniola St
Disclaimers and Disclosures

Public Records Data

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