Destin, FL—32541
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Destin, FL
As of Oct '25, the median home price in Destin, FL is $594,000, with a year-over-year change of -6.5%. This indicates that home prices in Destin, FL are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $594,000 | -6.5% |
| Single Family | $630,000 | -4.4% |
| Condos | $568,000 | -6.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $361,000 | -8.8% |
2 Bed | $493,000 | -7.0% |
3 Bed | $675,000 | -4.9% |
4 Bed | $1,087,000 | -4.8% |
| 5 Bed | $1,943,000 | -6.7% |
% of Housing Stock
Rental Trends — Destin, FL
As of July '25, Rentcast reports the average rent in Destin, FL is $2,810, with a year-over-year rent change of -2.8%. Per bedroom, the median rent as of July '25 in Destin, FL is studios: $2,000, 1-bedrooms: $1,560, 2-bedrooms: $2,180, 3-bedrooms: $2,920, 4-bedrooms: $4,110. The most common rental property sizes in Destin, FL are 2-bedroom and 1-bedroom, accounting for 45.4% and 22.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,680 | $2,810 |
| Studio Rent | $1,550 | $2,000 |
| 1 Bed Rent | $1,600 | $1,560 |
| 2 Bed Rent | $2,000 | $2,180 |
| 3 Bed Rent | $2,700 | $2,920 |
| 4 Bed Rent | $3,800 | $4,110 |
% of Rental Stock
Property Listings — Destin, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Destin, FL is 123. This is a increase of 6.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $689,000 | 8.0% |
Listing Count | 874 | 2.0% |
| Listings as % of Homes | 3.7% | 2.0% |
Days on Market | 123 | 6.0% |
Demographics — Destin, FL
As of the latest ACS Survey released in 2023, Destin, FL has a population of 18,600, which has decreased by -1.5% over the past 5 years. Destin, FL is a moderately popular place for families, as children make up 19.1% of the population. The area has a highly educated workforce, with 47.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,600 | -1.5% |
% Under 18 | 19.1% | 6.1% |
% Seniors | 18.7% | 9.4% |
% WFH | 16.8% | 90.9% |
% w/ College Degree | 47.7% | 10.9% |
As of the latest ACS Survey released in 2023, Destin, FL is a predominantly white area, with 80.7% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Destin, FL is hispanic, making up 7.4% of the population. Foreign-born residents account for 13.5% of the population in Destin, FL, and this percentage has increased by 32.4% 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 | 80.7% | -4.8% |
% Black | 3.1% | 0.0% |
% Hispanic | 7.4% | -11.9% |
% Asian | 1.8% | -25.0% |
% Foreign Born | 13.5% | 32.4% |
Mortgage and Risk — Destin, FL
According to HUD data as of 2023, there were 613 mortgage originations in Destin, FL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Destin, FL. Investor activity is low, as 9.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 613 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 9.0% |
% Second Loans | 28.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Destin, FL
As of 2024, the percent of homes in Destin, FL under the Section 8 program is 0.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Destin, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,600 | $1,900 |
| 2 Bedroom | $140 | $2,000 | $2,140 |
| 3 Bedroom | $270 | $2,700 | $2,970 |
| 4 Bedroom | -$210 | $3,800 | $3,590 |
Affordability — Destin, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.3 |
| Median Home Price | $594,000 |
| Median Household Income | $93,000 |