Real Estate Locale :: Destin Florida Real Estate
Destin Florida Real Estate: Buying Real Estate in Destin, Florida
Destin, Florida real estate is all about coastal living, sandy white beaches, fishing, and beautiful emerald-colored waters. The small town on the Emerald Coast first originated as a fishing village, but has quickly matured into a popular tourist destination with the communities' small population of 12,000 expanding to over 40,000 during the peak tourism season.
If you're considering purchasing real estate in Destin, Florida, keep reading for more information on property values, local amenities, and area demographics.
Property Values in Destin, Florida
The median sale listing price in Destin, Florida sits at approximately $595,000. However, according to Zillow.com, median values are sitting at approximately $364,000. This discrepancy between listing prices and values may be due to owners of smaller, one-bedroom condos taking their properties off the market during the current real estate downturn in Florida and therefore leaving a majority of listings that are larger, waterfront, luxury homes and condos which are significantly more expensive.
Demographics for Destin, Florida
Destin's population base of 12,000 people has a median age of 44 years old alongside a median income of about $60,800 a year. The cost of living is approximately 20 percent higher than the national average, but most residents are willing to pay the extra prices to live in such a beautiful place. The unemployment rate sits at a low 2.6 percent, while job growth is moving along at a healthy 5.9 percent.
Local Amenities in Destin, Florida
Destin, Florida real estate really has one main attraction – the beach. With some of the whitest beaches in the world surrounded by the Gulf of Mexico and the stunning Choctawhatchee Bay, Destin offers its residents sunshine, water and true, natural beauty.
That said, the majority of Destin's economy is fueled by tourism, meaning the city is home to a number of high-quality resorts and hotels, parks and shopping centers. Because of this focus on tourism, a large portion of Destin, Florida real estate is focused on vacation and second home properties.
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