Defuniak Springs, FL—32433
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Defuniak Springs, FL
As of Oct '25, the median home price in Defuniak Springs, FL is $226,000, with a year-over-year change of -2.6%. This indicates that home prices in Defuniak Springs, FL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $226,000 | -2.6% |
| Single Family | $226,000 | -3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $132,000 | -7.7% |
2 Bed | $162,000 | -5.3% |
3 Bed | $231,000 | -2.5% |
4 Bed | $300,000 | -2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Defuniak Springs, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Defuniak Springs, FL is 77. This is a decrease of -2.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | 3.0% |
Listing Count | 87 | -7.0% |
| Listings as % of Homes | 0.7% | -7.0% |
Days on Market | 77 | -2.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Defuniak Springs, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $226,000 |
| Median Household Income | $51,600 |