Legend Lakes / Magnolia Bay Club Community median real estate price is $636,896, which is more expensive than 72.8% of the neighborhoods in Florida and 74.8% of the neighborhoods in the U.S.
The average rental price in Legend Lakes / Magnolia Bay Club Community is currently $3,616, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.6% 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 25.3%. This is higher than the rate of vacancies in 92.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (18.7%). 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.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Panama City, the Legend Lakes / Magnolia Bay Club Community neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Legend Lakes / Magnolia Bay Club Community is a neighborhood that is on the ocean, a bay, or inlet. Many times, such places have amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery. In some densely populated areas that are less financially well-off, the neighborhood waterfront can be relatively industrial and less open to recreation. 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.
In addition, owner-occupied real estate dominates the Legend Lakes / Magnolia Bay Club Community neighborhood. In fact, according to NeighborhoodScout research, the percentage of residential real estate occupied by its owner is higher here than in 95.1% of neighborhoods in America.
Of note is NeighborhoodScout's research finding that the Legend Lakes / Magnolia Bay Club Community neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Legend Lakes / Magnolia Bay Club Community community truly stands out from the rest in this regard.
In addition, priests and therapists would like to think they know the secrets to a truly successful marriage, but according to NeighborhoodScout's research, the folks of the Legend Lakes / Magnolia Bay Club Community neighborhood may actually hold the key. 73.4% of its residents are married, which is a higher percentage than is found in 98.4% of the neighborhoods in America.
Also, if you're nearing retirement age, or in retirement, the Legend Lakes / Magnolia Bay Club Community is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 8.7% of retiree-friendly neighborhoods in Florida, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Florida. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for highly educated executives.
Did you know that the Legend Lakes / Magnolia Bay Club Community neighborhood has more Scottish and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.9% of this neighborhood's residents have Scottish ancestry and 3.1% have British 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.
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 83.0% 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.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Legend Lakes / Magnolia Bay Club Community neighborhood, 49.8% 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 19.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.6%), and 12.9% in manufacturing and laborer occupations.
The most common language spoken in the Legend Lakes / Magnolia Bay Club Community neighborhood is English, spoken by 89.6% of households. Some people also speak Spanish (2.0%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Legend Lakes / Magnolia Bay Club Community neighborhood in Panama City, FL, residents most commonly identify their ethnicity or ancestry as English (23.6%). There are also a number of people of German ancestry (10.1%), and residents who report Irish roots (7.6%), and some of the residents are also of Scottish ancestry (6.9%), along with some Italian ancestry residents (6.6%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Legend Lakes / Magnolia Bay Club Community neighborhood spend between 15 and 30 minutes commuting one-way to work (57.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (79.1%) 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.