617 Tropical Way, Freeport
Walton County Real Estate - Freeport
Freeport is in North West Florida. It's population as recorded in the 2010 Census was 1,787. Freeport is approximately 37 miles from Panama City (population 36,484) and around 47 miles from Navarre (population 31,378).
The median age for residents of Freeport is 36.7. Around 34.9% of Freeport households include school aged children and 20% of households include individuals aged 65 years or over. Census records indicate 87.5% of the Freeport population are White, 2.9% are Black or African American, 1.7% American Indian, 1.6% Asian and 2.7% are Two or more Races.
There are 919 housing units in Freeport. 217 (23.6%) of these were reported as vacant in the 2010 Census. There are 332 residential rental units in Freeport. 226 of them were occupied in 2010 providing a residential rental vacancy rate of 31.3%.
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Walton County
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.
Neighboring Properties
Address | Type | Sq Ft | Class | |
---|---|---|---|---|
601 Tropical Way | Single Family | 1,843 | B | |
587 Tropical Way | Single Family | 1,830 | B | |
115 Tropical Way | Single Family | 1,907 | B | |
131 Tropical Way | Single Family | 1,928 | B | |
101 Tropical Way | Single Family | 1,958 | B | |
573 Brannon Oak Dr | Single Family | 1,942 | B | |
616 Tropical Way | Single Family | 1,819 | B | |
147 Tropical Way | Single Family | 2,287 | B | |
87 Tropical Way | Single Family | 1,571 | B | |
632 Tropical Way | Single Family | 1,860 | B | |
602 Brandon Oak Dr | Single Family | 1,775 | B | |
588 Brandon Oak Dr | Single Family | 1,779 | B | |
161 Tropical Way | Single Family | 2,215 | B | |
71 Tropical Way | Single Family | 1,984 | B | |
559 Brannon Oak Dr | Single Family | 1,552 | B | |
572 Tropical Way | Single Family | 1,888 | B | |
175 Tropical Way | Single Family | 2,188 | B | |
57 Tropical Way | Single Family | 1,915 | B | |
543 Brannon Oak Dr | Single Family | 1,942 | B | |
270 Mallet Beach Dr | Single Family | 1,831 | B | |
189 Tropical Way | Single Family | 2,136 | B | |
43 Tropical Way | Single Family | 1,958 | B | |
116 Tropical Way | Single Family | 1,732 | B | |
132 Tropical Way | Single Family | 1,980 | B | |
102 Tropical Way | Single Family | 1,923 | B | |
146 Tropical Way | Single Family | 1,812 | B | |
88 Tropical Way | Single Family | 1,720 | B | |
529 Tropical Way | Single Family | 1,508 | B | |
250 Mallot Beach Dr | Single Family | 1,894 | B | |
72 Tropical Way | Single Family | 1,713 | B | |
160 Tropical Way | Single Family | 2,136 | B |
Local Household Income
The median household income in this part of Florida is $50,843. The bottom 10% of the population earn less than $15,071 per year. The top 10% earn more than $118,419 per year. The top 1% earn more than $409,192 per year. Most renters earn between $20,136 (20th percentile) and $39,888 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $101,686 and $127,108.
The tax assessed value of this property places it in percentile 46 of all properties in this area. This suggests it would appeal to someone earning around $46,269 per year who should qualify for a mortgage between $92,538 and $115,673.
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 $744. Most renters earn between $1,678 and $3,324 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $486 (20th percentile) to $1,034 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 46 of all properties in this area. This corresponds to a rent of $696 per month and a monthly household income of $2,276 ($27,312 per year)
Nearby Companies
601 Tropical Way
672 Tropical Way
617 Tropical Way
189 Tropical Way
161 Tropical Way
161 Tropical Way
101 Tropical Way
176 Tropical Way
160 Tropical Way