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Real Estate Prices & Overview

Legend Lakes / Magnolia Bay Club Community median real estate price is $640,301, which is more expensive than 82.9% of the neighborhoods in Florida and 81.2% of the neighborhoods in the U.S.

The average rental price in Legend Lakes / Magnolia Bay Club Community is currently $3,246, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.2% of the neighborhoods in Florida.

Legend Lakes / Magnolia Bay Club Community is a suburban neighborhood (based on population density) located in Panama City, Florida. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).

Legend Lakes / Magnolia Bay Club Community real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Legend Lakes / Magnolia Bay Club Community neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Vacant apartments or homes are a major fact of life in Legend Lakes / Magnolia Bay Club Community. The current real estate vacancy rate here is 24.2%. This is higher than the rate of vacancies in 90.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (16.0%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

Do you like a coastal setting? If so, this neighborhood may be to your liking. The Legend Lakes / Magnolia Bay Club Community neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Legend Lakes / Magnolia Bay Club Community is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.

People

In a nation where 1 out of every 4 children lives in poverty, the Legend Lakes / Magnolia Bay Club Community neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 98.6% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Legend Lakes / Magnolia Bay Club Community neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.

Also, the Legend Lakes / Magnolia Bay Club Community neighborhood is considered a solid choice for executive lifestyles. NeighborhoodScout's analysis ranks it as better than 91.0% of Florida neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children.

Diversity

Did you know that the Legend Lakes / Magnolia Bay Club Community neighborhood has more English and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 25.4% of this neighborhood's residents have English ancestry and 6.8% have Scottish ancestry.

Legend Lakes / Magnolia Bay Club Community is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily speak Russian at home. While this may seem like a small percentage, it is higher than 97.1% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Legend Lakes / Magnolia Bay Club Community neighborhood in Panama City are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 83.8% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Legend Lakes / Magnolia Bay Club Community neighborhood, 49.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 23.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (15.4%), and 10.0% in government jobs, whether they are in local, state, or federal positions.

Languages

The most common language spoken in the Legend Lakes / Magnolia Bay Club Community neighborhood is English, spoken by 93.6% of households.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Legend Lakes / Magnolia Bay Club Community neighborhood in Panama City, FL, residents most commonly identify their ethnicity or ancestry as English (25.4%). There are also a number of people of German ancestry (14.6%), and residents who report Irish roots (9.4%), and some of the residents are also of Scottish ancestry (6.8%), along with some Italian ancestry residents (6.0%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Legend Lakes / Magnolia Bay Club Community neighborhood spend under 15 minutes commuting one-way to work (38.6% of working residents), one of the shortest commutes across America.

Here most residents (78.9%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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