Defuniak Springs, FL 32435 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Defuniak Springs, FL—32435

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$234,000

2.1% YoY Growth

Household Income

$63,000

42.8% YoY Growth

Days on Market

66

39.0% Shorter YoY

Home Price Forecast

1.1%

Median Rent

$1,500

0.0% YoY Growth

1-Bed Rent

$1,250

10.8% YoY Growth

2-Bed Rent

$1,500

0.6% YoY Growth

3-Bed Rent

$1,900

35.9% 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 $234,000, with a year-over-year change of -2.1%. This indicates that home prices in Defuniak Springs, FL are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$234,000	-2.1%
Single Family	$233,000	-2.1%
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 $1,660, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Defuniak Springs, FL is 1-bedrooms: $1,160, 2-bedrooms: $1,590, 3-bedrooms: $1,970, 4-bedrooms: $2,300. The most common rental property sizes in Defuniak Springs, FL are 3-bedroom and 2-bedroom, accounting for 42.2% and 25.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,660
Studio Rent	N/A	N/A
1 Bed Rent	$1,250	$1,160
2 Bed Rent	$1,500	$1,590
3 Bed Rent	$1,900	$1,970
4 Bed Rent	$2,100	$2,300

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% of Rental Stock

Studio

3.7%

1 Bedroom

14.8%

2 Bedrooms

25.6%

3 Bedrooms

42.2%

4 Bedrooms

13.7%

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 50. This is a decrease of -10.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$295,000	2.0%
Listing Count	40	8.0%
Listings as % of Homes	1.1%	8.0%
Days on Market	66	-39.0%

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Demographics — Defuniak Springs, FL

As of the latest ACS Survey released in 2023, Defuniak Springs, FL has a population of 6,360, which has decreased by -13.2% over the past 5 years. Defuniak Springs, FL is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	6,360	-13.2%
% Under 18	22.5%	6.1%
% Seniors	21.9%	12.9%
% WFH	11.3%	413.6%
% w/ College Degree	26.9%	43.9%

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As of the latest ACS Survey released in 2023, Defuniak Springs, FL is a predominantly white area, with 83.2% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Defuniak Springs, FL is black, making up 6.3% of the population. Foreign-born residents account for 3.3% of the population in Defuniak Springs, FL, and this percentage has increased by 13.8% 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	83.2%	-2.0%
% Black	6.3%	-6.0%
% Hispanic	3.7%	37.0%
% Asian	0.0%	-100.0%
% Foreign Born	3.3%	13.8%

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Mortgage and Risk — Defuniak Springs, FL

According to HUD data as of 2023, there were 89 mortgage originations in Defuniak Springs, FL, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Defuniak Springs, FL. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	89
% Conventional Loans	64.0%
% Government Loans	36.0%
% Investor Loans	1.0%
% Second Loans	6.0%
% Cash Out Refinance	8.0%

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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 30.6%. 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, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	165
Total Units Section 8	129
% Rentals under Section 8	30.6%
% Occupied Section 8	77.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$290	$1,250	$960
2 Bedroom	-$420	$1,500	$1,080
3 Bedroom	-$460	$1,900	$1,440
4 Bedroom	-$320	$2,100	$1,780