Defuniak Springs, FL 32433 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Defuniak Springs, FL—32433

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$228,000

2.7% YoY Growth

Household Income

$51,600

45.1% YoY Growth

Days on Market

73

36.0% Shorter YoY

Home Price Forecast

0.8%

Median Rent

$1,600

27.0% YoY Growth

1-Bed Rent

$900

16.7% YoY Growth

2-Bed Rent

$995

7.0% YoY Growth

3-Bed Rent

$1,700

50.4% YoY Growth

Other Zip Codes in Defuniak Springs, FL

Home Price Trends — Defuniak Springs, FL

As of Dec '25, the median home price in Defuniak Springs, FL is $228,000, with a year-over-year change of -2.7%. This indicates that home prices in Defuniak Springs, FL are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$228,000	-2.7%
Single Family	$228,000	-2.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Defuniak Springs, FL

As of July '25, Rentcast reports the average rent in Defuniak Springs, FL is $1,740, with a year-over-year rent change of 27.0%. Per bedroom, the median rent as of July '25 in Defuniak Springs, FL is 1-bedrooms: $900, 2-bedrooms: $1,200, 3-bedrooms: $1,940, 4-bedrooms: $1,950. The most common rental property sizes in Defuniak Springs, FL are 3-bedroom and 2-bedroom, accounting for 59.0% and 22.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,600	$1,740
Studio Rent	N/A	N/A
1 Bed Rent	$900	$900
2 Bed Rent	$995	$1,200
3 Bed Rent	$1,700	$1,940
4 Bed Rent	$1,960	$1,950

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% of Rental Stock

Studio

3.5%

1 Bedroom

9.3%

2 Bedrooms

22.1%

3 Bedrooms

59.0%

4 Bedrooms

5.5%

5+ Bedrooms

0.7%

Property Listings — Defuniak Springs, FL

As of Dec '25, Realtor.com reports that the median days on market for a home in Defuniak Springs, FL is 55. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$250,000	3.0%
Listing Count	93	-1.0%
Listings as % of Homes	0.7%	-1.0%
Days on Market	73	-36.0%

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Demographics — Defuniak Springs, FL

As of the latest ACS Survey released in 2023, Defuniak Springs, FL has a population of 19,000, which has increased by 7.9% over the past 5 years. Defuniak Springs, FL is a moderately popular place for families, as children make up 22.7% of the population. The area has a poorly educated workforce, with 13.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,000	7.9%
% Under 18	22.7%	-5.8%
% Seniors	15.2%	0.0%
% WFH	6.2%	51.2%
% w/ College Degree	13.5%	39.2%

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As of the latest ACS Survey released in 2023, Defuniak Springs, FL is a predominantly white area, with 75.3% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Defuniak Springs, FL is black, making up 10.5% of the population. Foreign-born residents account for 5.9% of the population in Defuniak Springs, FL, and this percentage has increased by 90.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	75.3%	-6.3%
% Black	10.5%	-1.9%
% Hispanic	7.9%	46.3%
% Asian	0.4%	33.3%
% Foreign Born	5.9%	90.3%

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Mortgage and Risk — Defuniak Springs, FL

According to HUD data as of 2023, there were 408 mortgage originations in Defuniak Springs, FL, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Defuniak Springs, FL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	408
% Conventional Loans	55.0%
% Government Loans	45.0%
% Investor Loans	2.0%
% Second Loans	2.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Defuniak Springs, FL

As of 2024, the percent of homes in Defuniak Springs, FL under the Section 8 program is 17.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Defuniak Springs, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	350
Total Units Section 8	336
% Rentals under Section 8	17.6%
% Occupied Section 8	71.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$290	$900	$1,190
2 Bedroom	$385	$995	$1,380
3 Bedroom	$160	$1,700	$1,860
4 Bedroom	$350	$1,960	$2,310