| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 47th | Fair |
| Demographics | 47th | Fair |
| Amenities | 10th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6101 Howard Rd, Panama City, FL, 32404, US |
| Region / Metro | Panama City |
| Year of Construction | 1989 |
| Units | 33 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6101 Howard Rd Panama City 33-Unit Investment Opportunity
Investor positioning centers on steady renter demand supported by moderate rent-to-income levels and projected household growth, according to WDSuite’s CRE market data. Neighborhood occupancy metrics referenced below are for the surrounding area, not the property.
Located in a suburban pocket of Panama City, the neighborhood carries a C+ rating and ranks 38th out of 54 metro neighborhoods, placing it below the metro median. Amenity density is limited on the immediate blocks (few cafes, restaurants, or parks), so residents typically rely on nearby corridors for daily needs; grocery access is comparatively better than other local categories. This context suggests car-oriented living and a value-minded renter profile.
Neighborhood rent levels sit slightly above the metro median and around the national mid-range (59th percentile), while the neighborhood occupancy rate ranks 41st of 54 — below the metro median — signaling some leasing competition at the submarket level. For investors, this points to the importance of product differentiation, targeted marketing, and disciplined lease management to sustain occupancy.
Within a 3-mile radius, demographic statistics show a recent population contraction but forecasts point to growth in households and smaller average household sizes over the next five years, expanding the potential renter pool and supporting occupancy stability. Renter-occupied housing stands at roughly two-fifths of units in this radius, indicating a meaningful base of rental demand; incomes have trended higher and rent levels have also increased, a combination that supports measured rent growth and retention when paired with thoughtful lease management informed by commercial real estate analysis.
Home values are mid-range for the region, which means ownership is more attainable than in high-cost coastal markets. That can create some competition with entry-level ownership, but it also keeps rentals attractive for households prioritizing flexibility or lower upfront costs — factors that can aid lease retention when pricing and finishes are aligned with local expectations.
Safety indicators for the neighborhood are mixed. Compared with neighborhoods nationwide, the area sits below the national median for safety (22nd percentile). Within the Panama City metro, the neighborhood’s crime rank is 41st of 54, placing it below the metro median. Recent one-year estimates show notable increases in both property and violent offenses, underscoring the need for active security measures and resident engagement strategies. These are neighborhood-level signals and may not reflect conditions on specific blocks or at the property.
6101 Howard Rd offers scale at 33 units with a 1989 vintage that is newer than the neighborhood’s 1981 average. That positioning can provide a competitive edge versus older stock, while still warranting selective system updates or common-area refreshes to support rent attainment. According to CRE market data from WDSuite, neighborhood rents sit around the national mid-range and above the metro median, while the neighborhood’s lower relative occupancy and limited on-block amenities argue for focused asset management to maintain leasing velocity.
Within a 3-mile radius, forecasts point to household growth and smaller household sizes, which typically expand the renter pool and support occupancy stability. Rising incomes alongside increasing rents create room for measured pricing power when paired with product differentiation. Investors should also underwrite to local safety trends and the neighborhood’s below-median occupancy ranking, which favor proactive tenant retention and cost control.
- 1989 construction offers relative competitiveness versus older local stock, with targeted upgrades to enhance positioning
- Neighborhood rents near the national mid-range with above-metro positioning support achievable rent targets
- 3-mile forecasts indicate household growth and smaller household sizes, expanding the renter pool
- Value strategy hinges on marketing, amenity programming, and lease management in a below-median occupancy area
- Risk: limited immediate amenity mix and mixed safety signals require active management and underwriting discipline