507 Sheffield Rd, Fort Walton Beach
Okaloosa County Real Estate - Fort Walton Beach
Fort Walton Beach is in North West Florida. It's population as recorded in the 2010 Census was 19,507. Fort Walton Beach is approximately 36 miles from Pensacola (population 51,923) and around 60 miles from Panama City (population 36,484).
The median age for residents of Fort Walton Beach is 42.8. Around 25.3% of Fort Walton Beach households include school aged children and 31.7% of households include individuals aged 65 years or over. Census records indicate 77.7% of the Fort Walton Beach population are White, 12.3% are Black or African American, .6% American Indian, 3.2% Asian and 3.6% are Two or more Races.
There are 9,592 housing units in Fort Walton Beach. 1,191 (12.4%) of these were reported as vacant in the 2010 Census. There are 3,759 residential rental units in Fort Walton Beach. 3,241 of them were occupied in 2010 providing a residential rental vacancy rate of 13.6%.
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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 | |
|---|---|---|---|---|
| 505 Sheffield Rd | Single Family | 996 | C |
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| 509 Sheffield Rd | Single Family | 1,159 | C |
|
| 508 Trenton St | Single Family | 1,428 | C |
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| 506 Trenton St | Single Family | 1,437 | C |
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| 510 Trenton St | Single Family | 1,539 | C |
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| 503 Sheffield Rd | Single Family | 1,592 | C |
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| 511 Sheffield Rd | Single Family | 993 | C |
|
| 506 Sheffield Rd | Single Family | 1,216 | C |
|
| 504 Trenton St | Single Family | 1,826 | C |
|
| 508 Sheffield Rd | Single Family | 993 | C |
|
| 504 Sheffield Rd | Single Family | 980 | C |
|
| 512 Trenton St | Single Family | 2,306 | C |
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| 510 Sheffield Rd | Single Family | 980 | C |
|
| 501 Sheffield Rd | Single Family | 1,199 | C |
|
| 502 Sheffield Rd | Single Family | 1,297 | C |
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| 502 Trenton St | Single Family | 1,250 | C |
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| 513 Sheffield Rd | Single Family | 1,573 | C |
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| 514 Trenton St | Single Family | 1,262 | C |
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| 509 Manchester Rd | Single Family | 1,449 | C |
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| 507 Manchester Rd | Single Family | 1,766 | C |
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| 512 Sheffield Rd | Single Family | 1,191 | C |
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| 509 Trenton St | Single Family | 1,387 | C |
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| 500 Sheffield Rd | Single Family | 1,716 | C |
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| 511 Manchester Rd | Single Family | 1,275 | C |
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| 505 Manchester Rd | Single Family | 1,967 | C |
|
| Marlow Dr | County Owned | 0 | L | |
| 511 Trenton St | Single Family | 1,671 | C |
|
| 515 Sheffield Rd | Single Family | 1,191 | C |
|
| 416 Marlowe Dr | Single Family | 1,995 | C |
|
| 418 Marlowe Dr | Single Family | 1,406 | C |
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| 503 Surrey St | Single Family | 1,560 | C |
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| 516 Trenton St | Single Family | 1,399 | C |
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| 503 Pelham St | Single Family | 1,222 | C |
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| 503 Manchester Rd | Vacant Residential | 1,925 | L |
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| 514 Sheffield Rd | Single Family | 1,618 | C |
|
| 513 Manchester Rd | Single Family | 993 | C |
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| 412 Marlowe Dr | Single Family | 1,216 | C |
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| 503 Trenton St | Single Family | 1,285 | C |
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| 504 Surrey St | Single Family | 1,114 | C |
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| 517 Sheffield Rd | Single Family | 1,191 | C |
|
| 501 Manchester Rd | Single Family | 1,659 | C |
|
| 518 Trenton St | Single Family | 2,454 | C |
|
| 505 Pelham St | Single Family | 1,174 | C |
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| 505 Surrey St | Single Family | 1,685 | C |
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| 515 Manchester Rd | Single Family | 1,235 | C |
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| 516 Sheffield Rd | Single Family | 1,771 | C |
|
| 501 Trenton St | Single Family | 1,609 | C |
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| 517 Trenton St | Single Family | 2,247 | C |
|
| 508 Manchester Rd | Single Family | 1,338 | C |
|
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 15 of all properties in this area. This suggests it would appeal to someone earning around $27,841 per year who should qualify for a mortgage between $55,682 and $69,603.
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 15 of all properties in this area. This corresponds to a rent of $699 per month and a monthly household income of $2,532 ($30,384 per year)
Nearby Companies
515 Sheffield Rd