187 Chicago Ave, Valparaiso
Okaloosa County Real Estate - Valparaiso
Valparaiso is in North West Florida. It's population as recorded in the 2010 Census was 5,036. Valparaiso is approximately 43 miles from Pensacola (population 51,923) and around 56 miles from Panama City (population 36,484).
The median age for residents of Valparaiso is 28.2. Around 23.6% of Valparaiso households include school aged children and 29% of households include individuals aged 65 years or over. Census records indicate 84.5% of the Valparaiso population are White, 5.6% are Black or African American, .6% American Indian, 3.6% Asian and 4.5% are Two or more Races.
There are 1,939 housing units in Valparaiso. 227 (11.7%) of these were reported as vacant in the 2010 Census. There are 764 residential rental units in Valparaiso. 641 of them were occupied in 2010 providing a residential rental vacancy rate of 15.3%.
Valparaiso 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 | |
|---|---|---|---|---|
| 183 Chicago Ave | Single Family | 1,369 | C |
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| 268 Glenview Ave | Municipal Owned | 4,211 | C |
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| 189 Chicago Ave | Single Family | 460 | C |
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| 266 Glenview Ave | Single Family | 1,104 | C |
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| 264 Glenview Ave | Single Family | 2,048 | C |
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| 181 Chicago Ave | Single Family | 1,951 | C |
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| 271 Okaloosa Ave | Multi-family - less than 10 units | 1,384 | C |
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| 186 Chicago Ave | Single Family | 1,601 | C |
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| 188 Chicago Ave | Single Family | 1,117 | C |
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| 184 Chicago Ave | Single Family | 1,147 | C |
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| 262 Glenview Ave | Single Family | 1,809 | C |
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| 273 Okaloosa Ave | Single Family | 1,541 | C |
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| 182 Chicago Ave | Single Family | 2,417 | C |
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| 179 Chicago Ave | Single Family | 1,762 | C |
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| 192 Chicago Ave | Single Family | 1,101 | C |
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| 180 Chicago Ave | Single Family | 1,427 | C |
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| 275 Okaloosa Ave | Single Family | 1,394 | C |
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| 260 Glenview Ave | Single Family | 1,425 | C |
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| 263 Glenview Ave | Single Family | 2,652 | C |
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| 196 Chicago Ave | Single Family | 1,958 | C |
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| 197 Edge Ave | Single Family | 1,784 | C |
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| 199 Edge Ave | Vacant Residential | 0 | L | |
| 178 Chicago Ave | Single Family | 1,145 | C |
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| 101 Westview | Mixed use - store and office or store and residential or residential combination | 6,307 | C |
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| 261 Glenview Ave | Single Family | 1,428 | C |
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| 195 Edge Ave | Single Family | 1,821 | C |
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| 190 Seminole Ave | Single Family | 2,074 | B |
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| 272 Okaloosa Ave | Single Family | 1,859 | C |
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| Westview Ave | Vacant Residential | 0 | L | |
| 277 Okaloosa Ave | Single Family | 1,400 | C |
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| 258 Glenview Ave | Multi-family - less than 10 units | 1,613 | C |
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| 193 Edge Ave | Single Family | 2,361 | C |
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| 198 Chicago Ave | Single Family | 2,002 | C |
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| 259 Glenview Ave | Single Family | 1,224 | C |
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| 274 Okaloosa Ave | Single Family | 2,656 | C |
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| 115 Westview Ave | Municipal Owned | 3,012 | C |
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| 115 Westview Ave | Bowling alley, skating rink, pool hall or enclosed arena | 4,663 | C |
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| 203 Edge Ave | Single Family | 1,635 | C |
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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 66 of all properties in this area. This suggests it would appeal to someone earning around $91,419 per year who should qualify for a mortgage between $182,838 and $228,548.
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 66 of all properties in this area. This corresponds to a rent of $1,173 per month and a monthly household income of $4,279 ($51,348 per year)
Nearby Companies
187 Chicago Ave
181 Chicago Ave
181 Chicago Ave
115 Westview Ave
115 Westview Ave
190 Seminole Ave