618 Ferretti Ave, 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 | |
|---|---|---|---|---|
| 620 Ferretti Ave | Single Family | 2,108 | C |
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| 616 Ferretti Ave | Single Family | 1,539 | C |
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| 615 Lang Rd | Single Family | 1,653 | C |
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| 617 Lang Rd | Single Family | 2,304 | C |
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| 613 Lang Rd | Single Family | 1,605 | C |
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| 619 Ferretti Ave | Single Family | 1,656 | C |
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| 622 Ferretti Ave | Single Family | 1,843 | C |
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| 614 Ferretti Ave | Single Family | 2,237 | C |
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| 617 Ferretti Ave | Single Family | 1,686 | C |
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| 621 Ferretti Ave | Single Family | 1,279 | C |
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| 619 Lang Rd | Single Family | 1,934 | C |
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| 611 Lang Rd | Single Family | 1,619 | C |
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| 615 Ferretti Ave | Single Family | 1,494 | C |
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| 623 Ferretti Ave | Single Family | 1,685 | C |
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| 624 Ferretti Ave | Single Family | 1,847 | C |
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| 612 Ferretti Ave | Single Family | 2,160 | C |
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| 734 Mayflower Ave | Single Family | 1,497 | C |
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| 621 Lang Rd | Single Family | 1,733 | C |
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| 609 Lang Rd | Single Family | 2,159 | C |
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| 736 Mayflower Ave | Single Family | 1,512 | C |
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| 732 Mayflower Ave | Single Family | 1,632 | C |
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| 613 Ferretti Ave | Single Family | 1,834 | C |
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| 625 Ferretti Ave | Single Family | 1,295 | C |
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| 614 Lang Rd | Single Family | 2,878 | B |
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| 614 Lang Rd | Single Family | 2,878 | B |
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| 612 Lang Rd | Single Family | 3,518 | C |
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| 738 Mayflower Ave | Single Family | 1,702 | C |
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| 616 Lang Rd | Single Family | 2,409 | B |
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| 730 Mayflower Ave | Single Family | 1,329 | C |
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| 626 Ferretti Ave | Single Family | 1,716 | C |
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| 610 Ferretti Ave | Single Family | 2,186 | C |
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| Lang Rd | Vacant Residential | 0 | L | |
| 623 Lang Rd | Single Family | 1,825 | C |
|
| 618 Lang Rd | Single Family | 2,789 | B |
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| 607 Lang Rd | Single Family | 2,286 | C |
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| 740 Mayflower Ave | Single Family | 1,699 | C |
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| 611 Ferretti Ave | Single Family | 1,787 | C |
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| 627 Ferretti Ave | Single Family | 1,414 | C |
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| 728 Mayflower Ave | Single Family | 1,519 | C |
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| 620 Lang Rd | Single Family | 1,561 | C |
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| 608 Ferretti Ave | Single Family | 2,194 | C |
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| 628 Ferretti Ave | Single Family | 1,717 | C |
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| 742 Mayflower Ave | Single Family | 1,896 | C |
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| 726 Mayflower Ave | Single Family | 2,908 | C |
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| 605 Lang Rd | Single Family | 1,624 | C |
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| 625 Lang Rd | Single Family | 1,751 | C |
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| 400 Barataria Ln | Single Family | 3,597 | B |
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| 706 James Ct | Single Family | 1,685 | C |
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| 609 Ferretti Ave | Single Family | 1,539 | 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 43 of all properties in this area. This suggests it would appeal to someone earning around $60,452 per year who should qualify for a mortgage between $120,904 and $151,130.
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 43 of all properties in this area. This corresponds to a rent of $948 per month and a monthly household income of $3,529 ($42,348 per year)
Nearby Companies
404 Barataria Ln
404 Bartaria Ln
621 Lang Rd
617 Ferretti Ave
728 Mayflower Ave