Everything You Need to Know About Living in Freeport, Florida

Freeport, Florida, is a hidden gem located in Walton County on the beautiful Florida Panhandle. If you are considering a move to Freeport or are curious about the area, this guide will provide everything you need to know about its history, lifestyle, cost of living, and real estate market.

Let’s dive into what makes Freeport such a great place to live.

If you would rather watch or listen to this content, check out the video!

Freeport is situated along Choctawhatchee Bay at the intersection of US Highway 331 (north-south) and State Road 20 (east-west). This prime location provides residents with easy access to essential goods and services such as restaurants, grocery stores, and repair shops.

Proximity to Nearby Cities:

• Interstate 10: 20 minutes north
• Beaches of 30A: 30 minutes south
• Panama City: 36 miles west
• Destin: 23 miles south
• Niceville: 15 miles southwest

One of Freeport’s biggest advantages is that there is no bridge toll on Highway 331, making travel more cost-efficient for residents.

Freeport began in the 1800s as a trading post, taking advantage of its location along the Choctawhatchee River, which connects to the Gulf of Mexico. Today, Freeport has grown to a year-round population of about 6,000 residents, with rapid growth due to its proximity to Destin and 30A.

<p”>Freeport began as a trading post in the 1800s, taking advantage of its location along the Choctawhatchee River, which flows into the Gulf of Mexico. Over time, it developed into a thriving community.

<p”>Today, Freeport has a year-round population of about 6,000 residents and continues to grow due to its close proximity to Destin and 30A.

Freeport has experienced rapid growth, expanding by 20% since 2020. The town offers a relaxed atmosphere, access to nature, and close proximity to the beaches of 30A without the traffic congestion. The affordability of homes, particularly in the $300,000 – $400,000 range, has drawn many buyers, making new construction a popular option.

According to Niche.com, Freeport earns an overall rating of B. Residents rate it 3.5 out of 5 stars, highlighting the following:

• Beautiful rural setting
• Quiet and peaceful small-town atmosphere
• Friendly and welcoming community
• Easy access to 30A beaches and Destin

For a more detailed report, check out the full link below.

• Four Mile Creek Landing – Perfect for kayaking, paddleboarding, and fishing.
• E.O. Wilson Biophilia Center – Features guided nature walks, animal encounters, and educational programs for all ages.
• Windmills Town Center (Hammock Bay) – Offers concerts, farmers markets, food trucks, a microbrewery, and a replica 1920s general store.
• Freeport Regional Sports Complex – Equipped with shuffleboard, jogging trails, baseball, softball, volleyball, basketball, and disc golf.
• Windswept Dunes Golf Course – A championship 18-hole course with various tee options for different skill levels.

Despite being a small town, Freeport has a fantastic food scene:

• Nick’s Seafood Restaurant – A beloved eatery on Choctawhatchee Bay serving fresh local seafood for nearly 50 years.
• Le Hotwalk Chinese Buffet – Popular for its sushi and diverse buffet offerings.
• Pizza Co. 850 – A cozy pizzeria known for its handmade fresh pizza and calzones.
• The Bay & North Beach Social – Trendy waterfront spots featuring craft cocktails, seafood, sushi, live music, and a family-friendly atmosphere.

As of September 2024, the median home value in Freeport is $412,228 (Zillow). This is only a 0.9% decrease from last year, indicating a stable market.
Popular Neighborhoods:

• Hammock Bay
• Windswept Estates
• The Bluffs at Lafayette
• Owl’s Head

Real Estate Trends:

• Home prices have remained steady, with properties staying on the market longer.
• New construction homes offer competitive incentives, including:
  • Interest rates as low as 4.9% (when using builder lenders)
  • Closing cost assistance (up to $10,000+)
  • Free upgrades (appliance packages, window coverings, etc.)
• Many builders do not list all their inventory online. Contact us for an up-to-date list of available new homes.

• Freeport – $412,000
• Destin – $640,000
• Miramar Beach – $698,000
• Santa Rosa Beach – $969,000
• Niceville – $440,000
• Fort Walton Beach – $328,000
• DeFuniak Springs – $235,000

The closer you get to the Gulf, the more expensive homes become.

According to BestPlaces.net:

• Freeport’s cost of living is 24.6% higher than the national average.
• Freeport is 20.9% higher than the Florida average.

Taxes:

• Walton County Sales Tax: 7%
• County Property Tax Rate: 0.85% per $1,000 of taxable value
• Florida State Income Tax: None! (A major perk for residents)