RANK #215 / 1001 NAT · #6 / 41 FL · POP 82,948
1YR FORECAST: -3.2%
5YR OUTLOOK: +33%
Walton County, Florida, is distinguished by its rare coastal dune lakes, a geographical feature found in only a few places globally, offering unique ecosystems where fresh and saltwater intermix. Located in the Florida Panhandle, the county stretches from the Alabama border to the Gulf of Mexico, encompassing diverse landscapes from the historic town of DeFuniak Springs, known for its nearly perfectly round spring-fed lake, to the scenic coastal communities along Highway 30A like Seaside and Grayton Beach. Commuting within the county is facilitated by a public transit service, GoWal, connecting the northern and southern parts of the county, though services were temporarily suspended for redesign as of early 2023. The area offers extensive outdoor recreation, including 26 miles of white-sand beaches, state parks like Topsail Hill Preserve and Grayton Beach, and trails for hiking and biking.
Life in Walton County offers a blend of coastal living and small-town charm, attracting families, retirees, and remote workers. The Walton County School District is recognized for its academic performance. The economy is largely driven by tourism, with significant visitor spending supporting local businesses, restaurants, and cultural attractions year-round. This economic activity also contributes to public safety initiatives and infrastructure enhancements, including beach access and parking. Beyond tourism, the county's economic development efforts aim to diversify and attract new investments, fostering job creation.
Walton County is one of 76 U.S. counties in this market profile — stronger than typical on the BoomTown Index. Within this cohort, its recent home-price change of -2.2% runs above the profile's typical -3.7%.
See all 76 Sun Belt Post-Surge Correction counties →Overvalued relative to economy
Prices declining
Moderate climate & terrain
Above national median (15x)
Housing looks overvalued at 16.8x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.
Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.
Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).
Source: Redfin · Census BPS — Browse sales on Redfin →
Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →
| PROJECT | AMOUNT | STATUS |
|---|---|---|
|
Pecan Tree Solar Photovoltaic Power Plant
NextEra Energy / Florida Power & Light Co.
|
$74M | Operating |
|
Wild Quail Solar Energy Center
Florida Power & Light Co.
|
$74M | Operating |
|
Chautauqua Solar Energy Center
Unknown
|
$74M | Operating |
|
Swallowtail Solar Energy Center
Unknown
|
$74M | Operating |
|
Hardwood Hammock Solar Energy Center
Florida Power & Light Co.
|
$74M | Planned |
|
Walton County Broadband Project (Fixed Wireless Network)
SOM1101, LLC / WildStar Networks
|
$50M | Under Construction |
Source: public records, news, corporate announcements. Amounts are estimates where noted.
Bars show percentile rank among all 1001 counties.
With a Boom Town Index score of 78/100, Walton County sits in the upper half of all 1001 ranked counties. Employment is expanding at +1.8%, and median household income stands at $81,986 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in FL.
Walton County leans toward the expensive side. A median home value of $425,100 against an income-to-home-value ratio of 0.19 means housing eats a bigger share of local earnings than the national norm. Renters face $1,741/month on average.
Walton County is growing on multiple fronts. Population is up +3.9% year-over-year while employers added jobs at a +1.8% clip. Home values shifted -2.2% in the past year.
There's a moderate stream of newcomers. About 4.0% of residents moved from another state, which is above average and suggests Walton County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.