Rosemary Beach is
in North West Florida. Rosemary Beach is
approximately 23 miles from Panama City (population 36,484) and around 54 miles from Navarre (population
31,378).
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.
The median household income in this part of Florida is $57,128.
The bottom 10% of the population earn less than $18,447 per year.
The top 10% earn more than $136,019 per year. The top 1%
earn more than $426,588 per year.
Most renters earn
between $29,172 (20th percentile)
and $54,264 (80th percentile) per year.
Someone earning the median household income in this area is likely to qualify for a mortgage between
$114,256 and
$142,820.
The tax assessed value of this property
places it in percentile 99 of all properties in this area.
This suggests it would appeal to someone earning
around $426,588 per year who should qualify for a mortgage between
$853,176 and
$1,066,470.
The median monthly rent in this part of Florida is $937.
Most renters earn
between $2,431
and $4,522 per month.
They typically spend 31% of their monthly income on rent.
Most rents fall in the $665 (20th percentile)
to $1,275 (80th percentile) range.
The residential vacancy rate is 18%.
This property falls in percentile 99 of all properties in this area. This corresponds to a rent of $3,023 per month and a monthly household income of $9,832
($117,984 per year)
