Destin, FL 32541 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Destin, FL—32541

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$575,000

6.0% YoY Growth

Household Income

$93,000

19.8% YoY Growth

Days on Market

125

1.0% Longer YoY

Home Price Forecast

0.6%

Median Rent

$2,680

2.8% YoY Growth

1-Bed Rent

$1,600

6.6% YoY Growth

2-Bed Rent

$2,000

8.4% YoY Growth

3-Bed Rent

$2,700

4.3% YoY Growth

Home Price Trends — Destin, FL

As of Dec '25, the median home price in Destin, FL is $575,000, with a year-over-year change of -6.0%. This indicates that home prices in Destin, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$575,000	-6.0%
Single Family	$609,000	-3.9%
Condos	$549,000	-6.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

4.1%

1 Bedroom

22.6%

2 Bedrooms

45.4%

3 Bedrooms

22.3%

4 Bedrooms

5.6%

Property Listings — Destin, FL

As of Dec '25, Realtor.com reports that the median days on market for a home in Destin, FL is 121. This is a increase of 5.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$639,000	5.0%
Listing Count	722	-1.0%
Listings as % of Homes	3.7%	-1.0%
Days on Market	125	1.0%

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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%

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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%

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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%

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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

Destin, FL—32541

Key Metrics at a Glance

Home Price Trends — Destin, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Destin, FL

% of Rental Stock

Property Listings — Destin, FL

Demographics — Destin, FL

Race and Ethnicity

Mortgage and Risk — Destin, FL

Mortgages

Rentals and Section 8 — Destin, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Destin, FL

Home Price to Income Ratio

Destin, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Shalimar, FL

Eglin AFB, FL

Dana Point, FL

Miramar Beach, FL

Fort Walton Beach, FL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.1
Median Home Price	$575,000
Median Household Income	$93,000

Destin, FL—32541

Key Metrics at a Glance

Home Price Trends — Destin, FL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Destin, FL

% of Rental Stock

Property Listings — Destin, FL

Demographics — Destin, FL

Race and Ethnicity

Mortgage and Risk — Destin, FL

Mortgages

Rentals and Section 8 — Destin, FL

Section 8 Market Size

Section 8 Opportunity

Affordability — Destin, FL

Home Price to Income Ratio

Destin, FL — ZIP Code Boundary Map

Nearby ZIP Codes

Shalimar, FL

Eglin AFB, FL

Dana Point, FL

Miramar Beach, FL

Fort Walton Beach, FL

Frequently Asked Questions

What is the average home price in Destin, FL 32541?

How have home prices in Destin, FL 32541 changed over the past year?

What is the home price projection for Destin, FL 32541?

What are the demographics of Destin, FL 32541?

How long does it take homes to sell in Destin, FL 32541?

What is the average rent price in Destin, FL 32541?