| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 62nd | Best |
| Demographics | 51st | Fair |
| Amenities | 47th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2901 Minnesota Ave, Lynn Haven, FL, 32444, US |
| Region / Metro | Lynn Haven |
| Year of Construction | 2005 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2901 Minnesota Ave Lynn Haven Multifamily Investment
Neighborhood occupancy trends and a balanced renter base point to steady leasing fundamentals, according to WDSuite s CRE market data. Investor focus: stable renter demand with manageable affordability supporting tenant retention.
Located in Lynn Haven within the Panama City, FL metro, the neighborhood rates B+ and is competitive among Panama City neighborhoods (rank 15 out of 54). Occupancy in the neighborhood sits near the national midpoint and has edged up in recent years, supporting income stability for well-run assets. The area s renter-occupied share is around two-fifths, indicating a meaningful tenant pool without overreliance on renting.
Daily-life amenities are a relative strength at the neighborhood level: cafes, childcare, groceries, and restaurants rank competitively within the 54-neighborhood metro and land in the upper half of national comparisons (cafes ~75th percentile, groceries ~70th, restaurants ~68th). Park and pharmacy access is limited in the immediate neighborhood, which may require positioning around other nearby conveniences and in-unit or on-site services.
Within a 3-mile radius, demographics show a modest population dip over the last five years while household counts held roughly flat; forecasts point to more households and smaller average household size, which typically supports a larger tenant base and steadier absorption of rental units. Median household incomes have trended higher locally, and neighborhood rent-to-income ratios around the high teens suggest manageable affordability levels that can aid lease retention and limit turnover risk.
The property s 2005 vintage is newer than the neighborhood s 1980s average. That generally improves competitive positioning versus older stock, while investors should still plan for mid-life system updates or targeted common-area refresh to sustain curb appeal and justify rent positioning.
Neighborhood safety indicators are mixed. Relative to the Panama City metro, the area ranks in the stronger cohort (rank 10 of 54), suggesting comparative strength versus many nearby neighborhoods. Nationally, composite safety readings sit around the middle of the pack, indicating typical risk levels for a suburban location.
Recent-year data show some volatility in violent offense trends, which warrants monitoring as part of ongoing risk assessment and tenant screening practices. Investors should underwrite with current, property-level security measures and consider the trend line rather than a single-year snapshot.
This 20-unit 2005-vintage asset offers relative competitiveness versus older neighborhood stock while tapping a renter base that is sizable yet not saturated. Neighborhood occupancy has been stable, and rent-to-income levels near 19% suggest room for sustainable rent positioning without overextending tenants. According to CRE market data from WDSuite, local amenities compare well within the metro, helping drive leasing convenience even as park and pharmacy access are limited.
Forward-looking demographics within a 3-mile radius point to more households and smaller household sizes, a combination that typically supports renter pool expansion and steady absorption. The homeownership market is moderately priced for the region, which can create some competition with entry-level ownership; however, the property s newer vintage and professional management focus can sustain retention and occupancy, particularly with targeted mid-life capital planning.
- 2005 vintage outcompetes older local stock; plan selective mid-life capex to maintain positioning
- Neighborhood occupancy stability and balanced renter concentration support income durability
- Amenity access ranks competitive in metro, aiding leasing velocity and retention
- 3-mile household growth and smaller sizes imply a larger tenant base over time
- Risks: limited parks/pharmacies nearby and recent volatility in violent offense data warrant active management