| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 52nd | Good |
| Demographics | 58th | Good |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1600 Florida Ave, Lynn Haven, FL, 32444, US |
| Region / Metro | Lynn Haven |
| Year of Construction | 1982 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1600 Florida Ave, Lynn Haven FL Multifamily Opportunity
Steady renter demand and neighborhood occupancy in the high-80s suggest durable income potential, according to WDSuite’s CRE market data. A moderate renter-occupied share and solid household incomes support lease retention without overreliance on aggressive rent growth.
Located in Lynn Haven’s inner-suburban fabric of the Panama City metro, the neighborhood rates B+ and is competitive among 54 metro neighborhoods. Parks and everyday services are accessible: park density ranks among the stronger pockets locally (top quartile nationally), and pharmacy access is a standout (well above national norms). Restaurant density also outperforms most areas nationwide. By contrast, cafes and full-service groceries are limited within neighborhood boundaries, so residents often look to nearby corridors for shopping.
Schools average around 3.0 out of five, placing this area above many neighborhoods nationwide. For investors, this mix of service access and adequate school performance can support family-oriented demand and longer tenancy, even if certain amenity types (like groceries and cafes) are sparse inside the neighborhood footprint.
Multifamily indicators for the neighborhood point to stability: the neighborhood occupancy rate is approximately 87.1% with little change over five years, and median contract rents sit around the low-$1,200s. With a rent-to-income ratio near 0.19, pricing power is present but should be managed thoughtfully to sustain retention and limit affordability pressure. Home values are in a mid-range context for the region, which tends to keep renter households engaged with multifamily options rather than pivoting quickly to ownership.
Tenure data indicates a renter-occupied share of roughly 31% of housing units in the neighborhood. That moderate renter concentration suggests a meaningful, but not saturated, tenant base that can underpin leasing velocity while limiting exposure to sharp vacancy swings.
Demographics within a 3-mile radius show a slight population dip over the last five years alongside a small increase in households and families. Looking ahead, forecasts point to a larger household count and smaller average household size by 2028, which can translate into a broader tenant base and support occupancy stability for appropriately positioned units, based on commercial real estate analysis from WDSuite.
Safety signals are mixed and should be monitored over time. Within the Panama City metro, the neighborhood’s rank indicates relatively higher reported crime versus many of the 54 neighborhoods. At the national level, however, safety percentiles suggest the area compares more favorably than a large share of neighborhoods nationwide. Recent year-over-year changes indicate that reported violent and property incidents have risen, so trending should be part of underwriting and ongoing asset management.
Investors may wish to incorporate prudent security measures, emphasize tenant communication, and track local policing and community initiatives as part of risk management, while recognizing that broader national comparisons place the area in a relatively stronger position than raw metro ranks imply.
1600 Florida Ave offers a 20-unit footprint built in 1982, positioning it newer than much of the older inner-suburban stock. That vintage can be competitively positioned versus 1960s assets while still warranting selective capital planning for aging systems and common-area modernization. Neighborhood fundamentals point to steady renter demand: moderate renter concentration, neighborhood occupancy near the high-80s, and rent levels aligned with local incomes support lease stability.
According to CRE market data from WDSuite, the surrounding neighborhood shows solid access to parks, strong pharmacy/service coverage, and above-average school ratings, while grocery/cafe options are thinner inside the neighborhood footprint. Demographics within a 3-mile radius show flat-to-slightly negative population trends but a growing household base and smaller household sizes, which can expand the renter pool and support occupancy for well-managed multifamily assets.
- 1982 vintage offers competitive positioning versus older stock with targeted value-add potential
- Neighborhood occupancy near the high-80s and moderate renter concentration support leasing stability
- Services and parks test well relative to national peers; schools are above average
- Renter pool supported by rising household counts and smaller household sizes within 3 miles
- Risks: thinner grocery/cafe options in-neighborhood and recent crime volatility warrant active management