Quick facts: Lynn haven, FL

Quick Facts

107.5
Cost of Living
above US average
20,044
Population
10.73
Crime Rate per 1000
below US average
$81,378
Median Income
above US average
$339,999
Median House Price
above US average
$2107.42
Average Rent
above US average
7%
Poverty Rate
below US average
4.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $81,378.

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Income Needed to Buy

βœ— Stretch
$107k/year
Based on $339,999 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $107k vs median $81,378
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Income Needed to Rent

⚠ Stretch
$90k/year
Based on $2107.42/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $90k vs median $81,378
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lynn haven, FL

Lynn Haven is a charming city located in Bay County, Florida, nestled near the Gulf Coast. Known for its picturesque landscapes and small-town feel, Lynn Haven is part of the larger Panama City metropolitan area. The city boasts a vibrant community with a mix of residential neighborhoods, parks, and recreational facilities. One of the highlights of Lynn Haven is its beautiful waterfront along the St. Andrews Bay, offering residents and visitors opportunities for boating, fishing, and enjoying the natural scenery. The city's parks, such as Sharon Sheffield Park, provide ample space for outdoor activities and family gatherings. Lynn Haven also features a growing economy, with several local businesses and shops. The city's location provides easy access to the bustling attractions of nearby Panama City, including beaches, dining, and entertainment options. With its blend of suburban charm and proximity to urban amenities, Lynn Haven is an appealing place for families, retirees, and those seeking a relaxed coastal lifestyle.

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