Fort Walton Beach, FL—32548
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Fort Walton Beach, FL
Home Price Trends — Fort Walton Beach, FL
As of Oct '25, the median home price in Fort Walton Beach, FL is $328,000, with a year-over-year change of -4.3%. This indicates that home prices in Fort Walton Beach, FL are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $328,000 | -4.4% |
| Single Family | $294,000 | -3.9% |
| Condos | $462,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $312,000 | -5.2% |
2 Bed | $283,000 | -5.0% |
3 Bed | $324,000 | -3.6% |
4 Bed | $399,000 | -2.9% |
| 5 Bed | $501,000 | -2.7% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Fort Walton Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fort Walton Beach, FL is 122. 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $463,000 | 12.0% |
Listing Count | 294 | -3.0% |
| Listings as % of Homes | 1.3% | -3.0% |
Days on Market | 122 | 33.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Fort Walton Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $328,000 |
| Median Household Income | $63,900 |