Fort Walton Beach, Florida
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%.
Fort Walton Beach links:
Fort Walton Beach is located in Okaloosa County. It has a population of approximately 19,507 people. The population increased 4.0% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 5.1% for Okaloosa County and a 1.7% increase for the country as a whole. Fort Walton Beach occupies 7.48 of the 930.25 square miles in Okaloosa County. It had a population density of 2606.8 persons per square mile in 2010. This compared to 194.4 for the county, 350.6 for Florida and 87.4 for the country.
10.4% ( 9,592) of the 92,394 housing units in Okaloosa County are in Fort Walton Beach (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Fort Walton Beach has a 63.3% homeownership rate compared to Okaloosa County's 66.9% homeownership rate and Florida's rate of 69.0%.
| Region | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 18,801,310 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Okaloosa County | 180,822 | $4,417 | 5.1% | $54,140 | 92,394 | $196,800 |
| Fort Walton Beach | 19,507 | $1,487 | 4.0% | $47,282 | 9,592 | $173,200 |
Fort Walton Beach's medium household income in 2011 was $47,282. Okaloosa County's medium household income was $54,140, which is higher than the medium income for Florida as a whole: $47,827. 11.8% of the population in Fort Walton Beach lives below the poverty line, compared to 14.7% in Florida, 11.7% of the population in Okaloosa County and 14.3% nationwide. Additional Information:
Fort Walton Beach Economic Activity
The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Fort Walton Beach. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $1,487 million, Fort Walton Beach's economic activity represents 33.66% of Okaloosa County's $4,417MM in economic activity. Okaloosa County represents 0.70% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $438 | 29.5% |
| Merchant wholesaler sales | $102 | 6.9% |
| Retail sales | $862 | 58.0% |
| Accommodation and food services sales | $85 | 5.7% |
| Total | $1,487 | 100% |
Okaloosa County Regional Comparisons
| City | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Crestview | 20,978 | $513 | 6.5% | $48,750 | 9,153 | $169,300 |
| Destin | 12,305 | $792 | 4.1% | $63,716 | 13,672 | $292,800 |
| Fort Walton Beach | 19,507 | $1,487 | 4.0% | $47,282 | 9,592 | $173,200 |
| Niceville | 12,749 | $118 | 6.6% | $63,864 | 5,695 | $207,800 |
| Valparaiso | 5,036 | $24 | 1.5% | $43,798 | 1,939 | $195,000 |
Okaloosa County is located in Northwest Florida. This region is responsible for 4.6% of Florida's economic activity. Okaloosa County represents 15.3% of the region's economy.
| Region | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Escambia County | 297,619 | $8,505 | 1.7% | $43,707 | 136,551 | $145,000 |
| Santa Rosa County | 151,372 | $1,467 | 4.7% | $55,913 | 65,728 | $173,400 |
| Okaloosa County | 180,822 | $4,417 | 5.1% | $54,140 | 92,394 | $196,800 |
| Walton County | 55,043 | $1,223 | 4.6% | $46,926 | 45,682 | $174,000 |
| Holmes County | 19,927 | $81 | -0.6% | $33,510 | 8,649 | $86,800 |
| Jackson County | 49,746 | $836 | -1.6% | $39,869 | 21,011 | $97,200 |
| Washington County | 24,896 | $195 | 0.0% | $37,036 | 10,864 | $96,600 |
| Bay County | 168,852 | $4,852 | 1.8% | $48,225 | 99,828 | $168,400 |
| Calhoun County | 14,625 | $74 | 0.7% | $31,142 | 6,069 | $80,200 |
| Liberty County | 8,365 | $28 | -1.1% | $40,893 | 3,362 | $80,600 |
| Gulf County | 15,863 | $95 | -0.9% | $41,291 | 9,148 | $150,600 |
| Franklin County | 11,549 | $130 | 1.2% | $37,017 | 8,665 | $170,100 |
| Gadsden County | 46,389 | $1,106 | -2.6% | $33,453 | 19,561 | $109,000 |
| Leon County | 275,487 | $5,470 | 3.0% | $45,827 | 124,701 | $195,300 |
| Jefferson County | 14,761 | $139 | -3.4% | $42,096 | 6,727 | $125,000 |
| Wakulla County | 30,776 | $195 | 0.1% | $54,151 | 12,721 | $136,900 |
| Total | 1,400,233 | $28,814 | 0.8% | $42,825 | 671,661 | $136,619 |
Fort Walton Beach Real Estate
There are 23,931 properties in Fort Walton Beach. The following table shows a summary of them based on 2014 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Commercial Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Government Property | 154 | 0.64 | 0 | n/a | n/a | n/a | n/a |
| Health Care | 3 | 0.01 | 0 | n/a | n/a | n/a | n/a |
| Hotel & Motel | 23 | 0.10 | 0 | n/a | n/a | n/a | n/a |
| Industrial | 205 | 0.86 | 3 | $427,500 | $31 | March 1st, 2014 | June 1st, 2014 |
| Miscellaneous Property | 7 | 0.03 | 0 | n/a | n/a | n/a | n/a |
| Mobile/Manufactured | 485 | 2.03 | 22 | $54,500 | $38 | January 1st, 2014 | October 1st, 2014 |
| Multifamily | 499 | 2.09 | 16 | $410,000 | $75 | January 1st, 2014 | August 1st, 2014 |
| Office | 459 | 1.92 | 24 | $232,450 | $79 | January 1st, 2014 | September 1st, 2014 |
| Residential | 21,281 | 88.93 | 1,195 | $145,000 | $90 | January 1st, 2014 | October 1st, 2014 |
| Residential Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Retail | 648 | 2.71 | 18 | $661,000 | $119 | January 1st, 2014 | October 1st, 2014 |
| Senior Housing | 7 | 0.03 | 0 | n/a | n/a | n/a | n/a |
| Special Purpose | 125 | 0.52 | 3 | $660,000 | $71 | June 1st, 2014 | July 1st, 2014 |
| Sports & Entertaining | 35 | 0.15 | 0 | n/a | n/a | n/a | n/a |
Commercial Real Estate in Fort Walton Beach, Florida
0( .00%) of the properties in Fort Walton Beach are classified as Commercial.
Government Real Estate in Fort Walton Beach, Florida
154( .64%) of the properties in Fort Walton Beach are classified as Government.
Health Care Real Estate in Fort Walton Beach, Florida
3( .01%) of the properties in Fort Walton Beach are classified as Health Care.
Hotel & Motel Real Estate in Fort Walton Beach, Florida
23( .10%) of the properties in Fort Walton Beach are classified as Hotel & Motel.
Industrial Real Estate in Fort Walton Beach, Florida
205( .86%) of the properties in Fort Walton Beach are classified as Industrial. 3 of them sold between March 1st, 2014 and June 1st, 2014. The total value of these sales was $1,038,500. The median sales price was $427,500. In 2014 the median sales price for Industrial in Fort Walton Beach was $31 per sq ft.
Miscellaneous Real Estate in Fort Walton Beach, Florida
7( .03%) of the properties in Fort Walton Beach are classified as Miscellaneous.
Mobile/Manufactured Real Estate in Fort Walton Beach, Florida
485( 2.03%) of the properties in Fort Walton Beach are classified as Mobile/Manufactured. 22 of them sold between January 1st, 2014 and October 1st, 2014. The total value of these sales was $2,120,200. The median sales price was $54,500. In 2014 the median sales price for A Class Mobile/Manufactured in Fort Walton Beach was $236 per sq ft, B Class properties sold for $38/ft and C Class $20/ft.
Multifamily Real Estate in Fort Walton Beach, Florida
499( 2.09%) of the properties in Fort Walton Beach are classified as Multifamily. 16 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $14,023,400. The median sales price was $410,000. In 2014 the median sales price for Multifamily in Fort Walton Beach was $75 per sq ft.
Office Real Estate in Fort Walton Beach, Florida
459( 1.92%) of the properties in Fort Walton Beach are classified as Office. 24 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $27,129,969. The median sales price was $232,450. In 2014 the median sales price for A Class Office in Fort Walton Beach was $185 per sq ft, B Class properties sold for $79/ft and C Class $28/ft.
Residential Real Estate in Fort Walton Beach, Florida
21,281( 88.93%) of the properties in Fort Walton Beach are classified as Residential. 1,195 of them sold between January 1st, 2014 and October 1st, 2014. The total value of these sales was $1,125,596,648. The median sales price was $145,000. In 2014 the median sales price for A Class Residential in Fort Walton Beach was $339 per sq ft, B Class properties sold for $90/ft and C Class $36/ft.
Residential Real Estate in Fort Walton Beach, Florida
0( .00%) of the properties in Fort Walton Beach are classified as Residential.
Retail Real Estate in Fort Walton Beach, Florida
648( 2.71%) of the properties in Fort Walton Beach are classified as Retail. 18 of them sold between January 1st, 2014 and October 1st, 2014. The total value of these sales was $29,834,971. The median sales price was $661,000. In 2014 the median sales price for A Class Retail in Fort Walton Beach was $191 per sq ft, B Class properties sold for $119/ft and C Class $54/ft.
Senior Housing Real Estate in Fort Walton Beach, Florida
7( .03%) of the properties in Fort Walton Beach are classified as Senior Housing.
Special Purpose Real Estate in Fort Walton Beach, Florida
125( .52%) of the properties in Fort Walton Beach are classified as Special Purpose. 3 of them sold between June 1st, 2014 and July 1st, 2014. The total value of these sales was $14,420,000. The median sales price was $660,000. In 2014 the median sales price for Special Purpose in Fort Walton Beach was $71 per sq ft.
Sports & Entertaining Real Estate in Fort Walton Beach, Florida
35( .15%) of the properties in Fort Walton Beach are classified as Sports & Entertaining.
Fort Walton Beach, Okaloosa County Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Government Property | 152 | 2,422,008 |
| Health Care | 3 | 363,323 |
| Hotel & Motel | 28 | 1,267,202 |
| Industrial | 198 | 3,963,517 |
| Land | 685 | 116,833 |
| Miscellaneous Property | 6 | 70,578 |
| Mobile/Manufactured | 449 | 837,892 |
| Multifamily | 460 | 3,671,351 |
| Office | 448 | 2,576,226 |
| Residential | 21,436 | 36,010,113 |
| Retail | 613 | 6,234,309 |
| Senior Housing | 7 | 444,337 |
| Special Purpose | 118 | 1,695,823 |
| Sports & Entertaining | 33 | 352,730 |
Fort Walton Beach Median Property Values per Sq Ft
| Property Class | Class A | Class B | Class C | ||||
|---|---|---|---|---|---|---|---|
| Usage | Year | Sale | Lease | Sale | Lease | Sale | Lease |
| Camp | 2016 | $157 | $11 | $38 | $6 | $35 | $5 |
| Airport (private or commercial), bus terminal, marine terminal, pier or marina. | 2016 | $240 | $8 | $96 | $6 | $51 | $4 |
| Auto sales, auto repair and storage or auto service shop | 2016 | $133 | $11 | $68 | $6 | $40 | $4 |
| Bowling alley, skating rink, pool hall or enclosed arena | 2016 | $157 | $11 | $38 | $6 | $35 | $5 |
| Church | 2016 | $140 | $8 | $22 | $6 | $21 | $4 |
| Club, lodge or union hall | 2016 | $140 | $8 | $22 | $6 | $21 | $4 |
| College | 2016 | $140 | $15 | $22 | $8 | $21 | $4 |
| Community Shopping Center | 2016 | $133 | $11 | $68 | $6 | $40 | $4 |
| Condominium | 2016 | $312 | $16 | $227 | $16 | $100 | $16 |
| Cooperative | 2016 | $312 | $16 | $227 | $16 | $100 | $16 |
| County Owned | 2016 | $140 | $15 | $22 | $8 | $21 | $4 |
| Enclosed theater or auditorium | 2016 | $133 | $11 | $68 | $6 | $40 | $5 |
| Financial institution (bank, saving and loan company, mortgage company, credit services) | 2016 | $133 | $11 | $68 | $6 | $40 | $4 |
| Florist or greenhouse | 2016 | $133 | $11 | $68 | $6 | $40 | $4 |
| Forest, park or recreational area | 2016 | $140 | $15 | $22 | $8 | $21 | $4 |
| Home for the aged | 2016 | $140 | $15 | $22 | $10 | $21 | $9 |
| Hotel or motel | 2016 | $157 | $33 | $38 | $33 | $35 | $33 |
| Light manufacturing | 2016 | $49 | $5 | $32 | $3 | $18 | $2 |
| Military | 2016 | $140 | $15 | $22 | $8 | $21 | $4 |
| Mineral processing, cement plant,refinery, clay plants or gravel plant | 2016 | $49 | $5 | $32 | $3 | $18 | $2 |
| Miscellaneous Residential (migrant camp or boarding home.) | 2016 | $312 | $33 | $227 | $33 | $100 | $33 |
| Mixed use - store and office or store and residential or residential combination | 2016 | $133 | $11 | $68 | $6 | $40 | $4 |
| Mobile Home | 2016 | $108 | $6 | $35 | $6 | $22 | $6 |
| Mortuary, cemetery or crematorium | 2016 | $140 | $8 | $22 | $6 | $21 | $4 |
| Multi-family - 10 units or more | 2016 | $108 | $7 | $35 | $5 | $22 | $5 |
| Multi-family - less than 10 units | 2016 | $90 | $7 | $56 | $5 | $44 | $5 |
| Municipal Owned | 2016 | $140 | $15 | $22 | $8 | $21 | $4 |
| Nightclub, cocktail lounge or bar | 2016 | $157 | $11 | $38 | $6 | $35 | $5 |
| Office building, non-professional service building, one story | 2016 | $240 | $12 | $96 | $9 | $51 | $6 |
| Private school or college | 2016 | $140 | $8 | $22 | $6 | $21 | $4 |
| Privately owned hospital | 2016 | $140 | $25 | $22 | $17 | $21 | $11 |
| Professional service building | 2016 | $240 | $12 | $96 | $9 | $51 | $6 |
| Public county school | 2016 | $140 | $15 | $22 | $8 | $21 | $4 |
| Repair service shop (excluding automotive) | 2016 | $133 | $11 | $68 | $6 | $40 | $4 |
| Restaurant, cafeteria | 2016 | $133 | $11 | $68 | $6 | $40 | $4 |
| Service station | 2016 | $133 | $11 | $68 | $6 | $40 | $4 |
| Single Family | 2016 | $122 | $16 | $90 | $16 | $57 | $16 |
| State Owned | 2016 | $140 | $15 | $22 | $8 | $21 | $4 |
| Store, one story | 2016 | $133 | $11 | $68 | $6 | $40 | $4 |
| Supermarket | 2016 | $133 | $11 | $68 | $6 | $40 | $4 |
| Tourist attraction, permanent exhibit or other entertainment facilities | 2016 | $157 | $11 | $38 | $6 | $35 | $5 |
| Undefined - Reserved for Use by Department of Revenue | 2016 | $90 | $16 | $56 | $16 | $44 | $16 |
| Utility | 2016 | $140 | $42 | $22 | $15 | $21 | $6 |
| Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 2016 | $49 | $5 | $32 | $3 | $18 | $2 |