Why move to Northwest Florida? Well, there are a number of reasons why the Florida Panhandle, Walton County in particular, is a great place to purchase a home. The local economy is doing really well and thanks to the military bases and the tourism industry, there are many job opportunities. And who doesn’t want the ability to enjoy the white sand beaches of the Emerald Coast whenever they wish?!
An important aspect to consider when choosing a new place to live is the local economy. Where the local economy is thriving, you will likely find a rising median household income as well as a lower unemployment rate. “According to a Wall Street 24/7 analysis of Florida counties’ gross domestic product growth from 2012 to 2015, [Walton County] recorded a 53 percent GDP growth rate over the three-year period.” Regardless of your reason for moving, it is always reassuring knowing that the area you are investing in a new home has a stable and even growing economy.
For many years, military bases in Northwest Florida have provided a reliable source of economic benefit to those that live on the panhandle. With the constant influx of military personnel moving to and from various parts of our country, it is obvious why many decide to stay and settle in our beautiful paradise. With the many military bases within two hours of Freeport, the US Armed Forces has been a steady employer for both military and civilian personnel. As a result, with the stable increase of population, opportunities for the local economy to grow have been booming!
Tourism also plays a significant role in the panhandles economy. People have been enjoying the beaches here for years but it wasn’t all that long ago that the tourism industry really took off. By 2017, 22,000 jobs had been created in Walton County and with the increasing popularity of our vacation destination, you can expect that number to rise as well.
With job opportunities, the stunning beaches and growing economy, Walton County is the perfect place to vacation, raise a family and retire. Our knowledgeable realtors are ready to find you your dream home in Hammock Bay!