Fort Walton Beach, FL 32548 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Fort Walton Beach, FL—32548

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$329,000

4.0% YoY Growth

Household Income

$63,900

20.8% YoY Growth

Days on Market

105

24.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$1,850

1.6% YoY Growth

1-Bed Rent

$1,200

2.2% YoY Growth

2-Bed Rent

$1,600

4.2% YoY Growth

3-Bed Rent

$2,050

0.9% YoY Growth

Other Zip Codes in Fort Walton Beach, FL

Home Price Trends — Fort Walton Beach, FL

As of Dec '25, the median home price in Fort Walton Beach, FL is $329,000, with a year-over-year change of -4.0%. This indicates that home prices in Fort Walton Beach, FL are decreasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$329,000	-4.0%
Single Family	$295,000	-3.3%
Condos	$458,000	-3.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Fort Walton Beach, FL

As of July '25, Rentcast reports the average rent in Fort Walton Beach, FL is $1,950, with a year-over-year rent change of 1.6%. Per bedroom, the median rent as of July '25 in Fort Walton Beach, FL is studios: $1,500, 1-bedrooms: $1,320, 2-bedrooms: $1,750, 3-bedrooms: $2,220, 4-bedrooms: $2,490. The most common rental property sizes in Fort Walton Beach, FL are 2-bedroom and 1-bedroom, accounting for 41.5% and 27.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,850	$1,950
Studio Rent	$1,250	$1,500
1 Bed Rent	$1,200	$1,320
2 Bed Rent	$1,600	$1,750
3 Bed Rent	$2,050	$2,220
4 Bed Rent	$2,300	$2,490

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% of Rental Stock

Studio

3.5%

1 Bedroom

27.5%

2 Bedrooms

41.5%

3 Bedrooms

22.1%

4 Bedrooms

4.5%

5+ Bedrooms

1.0%

Property Listings — Fort Walton Beach, FL

As of Dec '25, Realtor.com reports that the median days on market for a home in Fort Walton Beach, FL is 110. This is a increase of 33.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$452,000	5.0%
Listing Count	278	-5.0%
Listings as % of Homes	1.3%	-5.0%
Days on Market	105	24.0%

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Demographics — Fort Walton Beach, FL

As of the latest ACS Survey released in 2023, Fort Walton Beach, FL has a population of 23,200, which has increased by 8.9% over the past 5 years. Fort Walton Beach, FL is a moderately popular place for families, as children make up 20.2% of the population. The area has a moderately educated workforce, with 30.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	23,200	8.9%
% Under 18	20.2%	7.4%
% Seniors	18.4%	1.1%
% WFH	7.4%	80.5%
% w/ College Degree	30.9%	25.1%

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As of the latest ACS Survey released in 2023, Fort Walton Beach, FL is a predominantly white area, with 62.9% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Fort Walton Beach, FL is hispanic, making up 12.7% of the population. Foreign-born residents account for 11.9% of the population in Fort Walton Beach, FL, and this percentage has increased by 41.7% 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	62.9%	-9.0%
% Black	12.0%	-10.4%
% Hispanic	12.7%	32.3%
% Asian	6.0%	62.2%
% Foreign Born	11.9%	41.7%

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Mortgage and Risk — Fort Walton Beach, FL

According to HUD data as of 2023, there were 442 mortgage originations in Fort Walton Beach, FL, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Fort Walton Beach, FL. Investor activity is low, as 7.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	442
% Conventional Loans	64.0%
% Government Loans	36.0%
% Investor Loans	7.0%
% Second Loans	16.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Fort Walton Beach, FL

As of 2024, the percent of homes in Fort Walton Beach, FL under the Section 8 program is 7.9%. 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 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Fort Walton Beach, FL, because HUD payments exceed market rent, while 2-bedroom units do not.

Section 8 Market Size

Total Units under HUD	518
Total Units Section 8	395
% Rentals under Section 8	7.9%
% Occupied Section 8	82.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$220	$1,200	$1,420
2 Bedroom	$0	$1,600	$1,600
3 Bedroom	$170	$2,050	$2,220
4 Bedroom	$390	$2,300	$2,690