Defuniak Springs, FL—32435
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 $232,000, with a year-over-year change of -2.3%. This indicates that home prices in Defuniak Springs, FL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $232,000 | -2.3% |
| Single Family | $232,000 | -2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $152,000 | -6.7% |
3 Bed | $225,000 | -3.0% |
4 Bed | $298,000 | 2.4% |
| 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 $1,660, 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 |
% 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 57. This is a increase of 25.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $307,000 | 0.0% |
Listing Count | 33 | -2.0% |
| Listings as % of Homes | 1.1% | -2.0% |
Days on Market | 57 | 25.0% |
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% |
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% |
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% |
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 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 |
Affordability — Defuniak Springs, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $232,000 |
| Median Household Income | $63,000 |