The purchase of any property, whether it’s a condo, townhouse or a detached house, is among the biggest purchases in your life; it’s going to likely involve getting a mortgage that you will be paying for quite a while. It is a commitment that ties you down, but at the same time offers you security and a place to call home. It’s a great investment that shouldn’t be taken lightly, when you are prepared to take the plunge, make certain to make a thought out decision. Gather all the facts and information about the places you can consider buying, for instance which schools are closeby, what type of neighbourhood it is, the number of parks are nearby, etc. There are many things to consider when selecting real-estate in Pensacola.
Pensacola prides itself on having a wide variety of neighbourhoods. You should consider your existing lifestyle and whether getting a property in Downtown Pensacola would make a less strenuous commute to your workplace or whether it has all your favourite restaurants and shops? Northeast Pensacola has great parks and public areas where it’s easy to have fun, but it may well be a little too far away to make the catchment from that perfect school in Perdido Key. There are actually compromises to be made with every decision, but since Pensacola undeniably a terrific place to live, you won’t have to give up too much!
Living in Pensacola has great advantages – you are enclosed by great neighbourhoods just like Downtown Pensacola and Northeast Pensacola, where things are so easily accessible. Buying property in Pensacola is an excellent way to start you in the real estate market, and since it’s such a thriving and wonderful location to reside in it will be simple to resell your property when (or if) you should.
To get you started, here are a few things you need to know about Pensacola:
Economics: The median family income is $56,308 per year, with an annual job growth of 2.69% between 2000-2009. The state sales tax is 6%, and the average auto insurance premiums run just over $2,000 in Florida.
The median home price is $124,000, and the average property tax is $1,531
Education: There are 2 colleges/universities in Pensacola. The average reading test scores for Pensacola school students are -3.2% below the state average in Florida, while math scores are -7.1% below the state average. 88.4% of students attend the public schools, while 11.6% attent private schools in the area.
Quality of Life: You want to be especially careful about choosing your Pensacola neighborhood, as Pensacola averages a poor 9 personal crimes per 1000 people, and a not much better 36 property crimes. Luckily, commuting is easy in Pensacola, as the average commute time is only 16 minutes.
Culture and Leisure: Within a 15 mile radius, Pensacola offers 9 movie theatres, 961 restaurants and 92 bars, in addition to 13 libraries and 2 museums.
Local News: The local newspaper is the Pensacola News Journal. Click the link to view their online version and catch up on local news.
Other Residents: With an average age of 41 years, 61.7% of Pensacola residents have completed some college, 43.6% are married and 13.7% are divorced.