5514 Hilltop Ave, 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 
3731 Biltmore Dr Multi-family - less than 10 units 1,603 B
5506 Hilltop Ave Single Family 1,155 B
5504 Hilltop Ave F Single Family 1,206 B
5504 Hilltop Ave E Single Family 1,264 B
5503 Lagoon Way Vacant Residential 0 L
5428 Hilltop Ave D Single Family 1,060 B
5428 Hilltop Ave C Single Family 1,240 B
5511 Hilltop Ave A Single Family 640 B
5511 Hilltop Ave B Single Family 640 B
5501 Lagoon Way Single Family 1,589 B
Hilltop Ave Vacant Residential 0 L
3803 Biltmore Dr Single Family 1,244 B
5424 Hilltop Ave B Single Family 1,060 B
5501 Hilltop Ave Multi-family - less than 10 units 1,634 B
5524 Hilltop Ave Multi-family - less than 10 units 6,717 B
5427 Lagoon Way Multi-family - less than 10 units 1,706 B
5424 Hilltop Ave A Single Family 1,060 B
5427 Hilltop Ave B Single Family 614 B
3716 Biltmore Dr Vacant Residential 0 B
3720 Biltmore Dr Single Family 829 B
Hilltop Ave Vacant Residential 0 L
5427 Hilltop Ave A Single Family 614 B
Biltmore Dr Single Family 0 B
5421 Lagoon Way Vacant Residential 0 L
5420 Hilltop Ave Single Family 1,364 B
Hilltop Ave Vacant Residential 0 L
Biltmore Dr Vacant Residential 0 L
5506 Pine Tree Ave Multi-family - less than 10 units 2,740 B
5419 Lagoon Way Vacant Residential 0 L
5603 South Lagoon Dr Single Family 2,276 B
5504 Pine Tree Ave Multi-family - less than 10 units 2,740 B
3807 Biltmore Dr Multi-family - less than 10 units 2,464 B
5526 Hilltop Ave Single Family 918 B
5419 Hilltop Ave Multi-family - less than 10 units 3,178 B
5416 Hilltop Ave Single Family 1,402 B
5500 Pine Tree Ave Multi-family - less than 10 units 2,740 B
5523 Hilltop Ave Multi-family - less than 10 units 1,783 B
Pine Tree Ave Vacant Residential 0 L
3812 Biltmore Dr A & B Multi-family - less than 10 units 1,482 B
5605 South Lagoon Dr Vacant Residential 0 L
5417 Lagoon Way Multi-family - less than 10 units 1,596 B
5607 South Lagoon Dr Single Family 1,940 B
5611 South Lagoon Dr Single Family 936 B
Biltmore Dr Vacant Residential 0 L
5415 Hilltop Ave Multi-family - less than 10 units 1,589 C
5535 Palm Way Single Family 1,251 B
5527 Hilltop Ave Multi-family - less than 10 units 1,783 B
5424 Pine Tree Ave Single Family 2,029 B
5520 Pine Tree Ave Multi-family - less than 10 units 1,688 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.

The tax assessed value of this property places it in percentile 33 of all properties in this area. This suggests it would appeal to someone earning around $40,402 per year who should qualify for a mortgage between $80,804 and $101,005.

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 33 of all properties in this area. This corresponds to a rent of $786 per month and a monthly household income of $2,836 ($34,032 per year)

Nearby Companies

Scenic Services LLC
5429 Lagoon Way
R.C. Boatworks LLC
3803 Biltmore Dr
South Lagoon Owners Association, Inc.
5610b South Lagoon Dr
Clear Choice Lawn Care Services, LLC.
5611 S Lagoon Dr
Disclaimers and Disclosures

Public Records Data

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