Shalimar, FL—32579
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shalimar, FL
As of Oct '25, the median home price in Shalimar, FL is $374,000, with a year-over-year change of -2.2%. This indicates that home prices in Shalimar, 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 | $374,000 | -2.2% |
| Single Family | $384,000 | -1.8% |
| Condos | $187,000 | -7.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | -5.4% |
3 Bed | $334,000 | -2.6% |
4 Bed | $481,000 | -1.4% |
| 5 Bed | $655,000 | -1.9% |
% of Housing Stock
Rental Trends — Shalimar, FL
As of July '25, Rentcast reports the average rent in Shalimar, FL is $2,220, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Shalimar, FL is 1-bedrooms: $1,200, 2-bedrooms: $1,750, 3-bedrooms: $2,400, 4-bedrooms: $2,870. The most common rental property sizes in Shalimar, FL are 2-bedroom and 3-bedroom, accounting for 33.0% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,200 |
| 2 Bed Rent | $1,750 | $1,750 |
| 3 Bed Rent | $2,250 | $2,400 |
| 4 Bed Rent | $2,700 | $2,870 |
% of Rental Stock
Property Listings — Shalimar, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Shalimar, FL is 91. This is a increase of 29.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $475,000 | 3.0% |
Listing Count | 85 | 16.0% |
| Listings as % of Homes | 1.1% | 16.0% |
Days on Market | 91 | 29.0% |
Demographics — Shalimar, FL
As of the latest ACS Survey released in 2023, Shalimar, FL has a population of 10,800, which has increased by 5.8% over the past 5 years. Shalimar, FL is a moderately popular place for families, as children make up 18.9% of the population. The area has a highly educated workforce, with 48.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,800 | 5.8% |
% Under 18 | 18.9% | 0.0% |
% Seniors | 24.8% | -3.5% |
% WFH | 10.9% | 94.6% |
% w/ College Degree | 48.2% | 13.7% |
As of the latest ACS Survey released in 2023, Shalimar, FL is a predominantly white area, with 75.4% of the population identifying as white. The white population has grown by 6.3% in the last 5 years. The second most common race or ethnicity in Shalimar, FL is hispanic, making up 11.6% of the population. Foreign-born residents account for 6.9% of the population in Shalimar, FL, and this percentage has decreased by 18.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.4% | 6.3% |
% Black | 4.6% | -48.9% |
% Hispanic | 11.6% | 10.5% |
% Asian | 2.6% | -55.9% |
% Foreign Born | 6.9% | -18.8% |
Mortgage and Risk — Shalimar, FL
According to HUD data as of 2023, there were 208 mortgage originations in Shalimar, FL, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Shalimar, 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 | 208 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Shalimar, FL
As of 2024, the percent of homes in Shalimar, FL under the Section 8 program is 2.9%. 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. In Shalimar, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 44 |
Total Units Section 8 | 44 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,300 | $1,570 |
| 2 Bedroom | $10 | $1,750 | $1,760 |
| 3 Bedroom | $200 | $2,250 | $2,450 |
| 4 Bedroom | $260 | $2,700 | $2,960 |
Affordability — Shalimar, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $374,000 |
| Median Household Income | $98,000 |