53 Lake Lorraine Cir, Shalimar
Okaloosa County Real Estate - Eglin Afb
Eglin Afb is in North West Florida. It's population as recorded in the 2010 Census was 2,274. Eglin Afb is approximately 40 miles from Pensacola (population 51,923) and around 57 miles from Panama City (population 36,484).
The median age for residents of Eglin Afb is 24.7. Around 51.7% of Eglin Afb households include school aged children and 31.1% of households include individuals aged 65 years or over. Census records indicate 77.1% of the Eglin Afb population are White, 8.8% are Black or African American, .5% American Indian, 2.1% Asian and 7.6% are Two or more Races.
There are 1,376 housing units in Eglin Afb. 507 (36.8%) of these were reported as vacant in the 2010 Census. There are 869 residential rental units in Eglin Afb. 860 of them were occupied in 2010 providing a residential rental vacancy rate of .7%.
Eglin Afb links:
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Okaloosa County
Okaloosa County is part of the Northwest Florida region, along with Bay, Santa Rosa, Escambia, Walton, Holmes, Jackson, Washington, Calhoun, Liberty, Gulf, Franklin, Gadsden, Leon, Jefferson, and Wakulla counties. Okaloosa has a population over 180,000. The county is part of one of the fastest growing regions in the nation. The county is located in the panhandle, with the southern portion bordering the Gulf of Mexico and the northern portion on the Georgia border.
Top industries in Okaloosa County are government, professional & business services, trade & transportation, leisure and hospitality, and education & health services. Several air force and army facilities are located in Okaloosa County, including Eglin Air Force Base, Hurlburt Field, and Duke Field. By size, Eglin is the largest Air Force base in the country and is responsible for the development, acquisition, testing, and deployment of all air-delivered weapons. Okaloosa county's white sand beaches also attract many tourists to the area. Top private sector employers are Fort Walton Beach Medical Center, L-3 Communications/Crestview Aerospace, DRS Training & Control Systems, InDyne Inc, and ResortQuest. Major public sector employers are US Department of Defense-Eglin AFB, Okaloosa School District, and County of Okaloosa-Sheriff's Department.
Defense is major business in Okaloosa. Of the ten largest defense contractors in the state, six have a presence in Okaloosa. 350 such companies provide 21,000 jobs and contribute over $6.5 billion to the economy.
Okaloosa is a major transportation hub. Indeed, its county seat, Crestview, is nicknamed the "Hub City". With two rivers, a CSX railroad line, and access to multiple highways including Interstate-10, the city is at the center of the region.
Northwest Florida State College has five campuses throughout the county, with its main campus in Niceville. Troy University also has campuses in the county, including one on Eglin AFB.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 55 Lake Lorraine Cir | Single Family | 2,631 | C |
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| 51 Lake Lorraine Cir | Single Family | 2,390 | B |
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| 49 Lake Lorraine Cir | Single Family | 2,386 | B |
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| 57 Lake Lorraine Cir | Single Family | 2,390 | B |
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| 56 Lake Lorraine Cir | Single Family | 2,645 | C |
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| 47 Lake Lorraine Cir | Single Family | 3,181 | B |
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| 59 Lake Lorraine Cir | Single Family | 2,461 | C |
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| 58 Lake Lorraine Cir | Single Family | 2,664 | C |
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| 45 Lake Lorraine Cir | Single Family | 2,334 | B |
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| 1 Pebble Beach Dr | Single Family | 2,588 | C |
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| 61 Lake Lorraine Cir | Single Family | 2,630 | B |
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| 60 Lake Lorraine Cir | Single Family | 2,882 | C |
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| 922 Shalimar Pointe Dr | Single Family | 2,199 | B |
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| 924 Shalimar Pointe Dr | Single Family | 2,182 | B |
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| 2913 Shalimar Ln | Single Family | 2,118 | B |
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| 3 Pebble Beach Dr | Single Family | 2,521 | C |
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| 926 Shalimar Pointe Dr | Single Family | 2,196 | B |
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| 2911 Shalimar Ln | Single Family | 2,013 | B |
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| 2915 Shalimar Ln | Single Family | 3,182 | B |
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| 928 Shalimar Pointe Dr | Single Family | 2,225 | B |
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| 2909 Shalimar Ln | Single Family | 2,209 | B |
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| 930 Shalimar Pointe Dr | Single Family | 2,143 | B |
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| 2917 Shalimar Ln | Single Family | 2,929 | B |
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| 2907 Shalimar Ln | Single Family | 2,052 | B |
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| 43 Lake Lorraine Cir | Single Family | 3,617 | B |
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| 932 Shalimar Pointe Dr | Single Family | 2,475 | B |
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| 934 Shalimar Pointe Dr | Single Family | 2,002 | B |
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| 2905 Shalimar Ln | Single Family | 2,164 | B |
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| 63 Lake Lorraine Cir | Single Family | 2,873 | B |
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| 62 Lake Lorraine Cir | Single Family | 2,294 | C |
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| 5 Pebble Beach Dr | Single Family | 2,640 | B |
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| 936 Shalimar Pointe Dr | Single Family | 2,282 | B |
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Local Household Income
The median household income in this part of Florida is $68,549. The bottom 10% of the population earn less than $21,092 per year. The top 10% earn more than $162,114 per year. The top 1% earn more than $423,170 per year. Most renters earn between $33,396 (20th percentile) and $58,956 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $137,098 and $171,373.
The tax assessed value of this property places it in percentile 87 of all properties in this area. This suggests it would appeal to someone earning around $145,893 per year who should qualify for a mortgage between $291,786 and $364,733.
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 $1,020. Most renters earn between $2,783 and $4,913 per month. They typically spend 30% of their monthly income on rent. Most rents fall in the $744 (20th percentile) to $1,362 (80th percentile) range. The residential vacancy rate is 12%.
This property falls in percentile 87 of all properties in this area. This corresponds to a rent of $1,489 per month and a monthly household income of $5,288 ($63,456 per year)