488 Nw 85 St Rd 488, Unincorporated County
Walton County Real Estate - DeFuniak Springs
Defuniak Springs is in North West Florida. It's population as recorded in the 2010 Census was 5,177. Defuniak Springs is approximately 47 miles from Panama City (population 36,484) and around 52 miles from Navarre (population 31,378).
The median age for residents of Defuniak Springs is 40.2. Around 30.3% of Defuniak Springs households include school aged children and 33.8% of households include individuals aged 65 years or over. Census records indicate 70.7% of the Defuniak Springs population are White, 20.3% are Black or African American, .6% American Indian, .7% Asian and 2.9% are Two or more Races.
There are 2,713 housing units in Defuniak Springs. 553 (20.3%) of these were reported as vacant in the 2010 Census. There are 1,067 residential rental units in Defuniak Springs. 837 of them were occupied in 2010 providing a residential rental vacancy rate of 20.5%.
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Walton County
Walton County is part of the Northwest Florida region, along with Bay, Santa Rosa, Escambia, Holmes, Jackson, Washington, Okaloosa, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. Largest industries by employment are leisure & hospitality; trade, transportation, & utility; and education & health services. Major private sector employers for Walton County are Sandestin Golf and Beach Resort, Sacred Heart on the Emerald Coast, ResortQuest, and Hilton Sandestin Beach Golf Resort & Spa. Top public sector employers include Walton County School Board and Walton County Government. Cities and towns in Walton County include DeFuniak Springs, Freeport, and Paxton.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 482 Nw 85 St Rd 482 | Condominium | 930 | B |
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| 450 Nw 85 St Rd 450 | Condominium | 1,410 | B |
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| 406 Nw 85 St Rd C-1 | Condominium | 7,550 | B |
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| 480 Nw 85 St Rd 480 | Condominium | 930 | B |
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| 456 Nw 85 St Rd 456 | Condominium | 1,410 | B |
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| 474 Nw 85 St Rd 474 | Condominium | 1,660 | B |
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| 478 Nw 85 St Rd 478 | Condominium | 1,150 | B |
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| 484 Nw 85 St Rd 484 | Condominium | 1,150 | B |
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| 454 Nw 85 St Rd 454 | Condominium | 950 | B |
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Local Household Income
The median household income in this part of Florida is $39,076. The bottom 10% of the population earn less than $12,487 per year. The top 10% earn more than $96,613 per year. The top 1% earn more than $197,554 per year. Most renters earn between $23,232 (20th percentile) and $38,580 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $78,152 and $97,690.
The tax assessed value of this property places it in percentile 22 of all properties in this area. This suggests it would appeal to someone earning around $21,092 per year who should qualify for a mortgage between $42,184 and $52,730.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $953. Most renters earn between $1,936 and $3,215 per month. They typically spend 41% of their monthly income on rent. Most rents fall in the $538 (20th percentile) to $1,218 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 22 of all properties in this area. This corresponds to a rent of $592 per month and a monthly household income of $1,969 ($23,628 per year)
Nearby Companies
3790 Nw 85th Terra
3790 Nw 85th Terra
5300 Nw 85 Aven Ph 2002