Defuniak Springs, FL—32455
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Defuniak Springs, FL
As of Oct '25, the median home price in Defuniak Springs, FL is $194,000, with a year-over-year change of -2.6%. This indicates that home prices in Defuniak Springs, 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 | $194,000 | -2.6% |
| Single Family | $193,000 | -2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $160,000 | -1.2% |
3 Bed | $236,000 | -0.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Defuniak Springs, FL
As of July '25, Rentcast reports the average rent in Defuniak Springs, FL is $3,020, with a year-over-year rent change of -24.5%. Per bedroom, the median rent as of July '25 in Defuniak Springs, FL is 2-bedrooms: $3,020. The most common rental property sizes in Defuniak Springs, FL are 3-bedroom and 2-bedroom, accounting for 52.0% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $3,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,150 | $3,020 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Defuniak Springs, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Defuniak Springs, FL is 132. This is a increase of 49.0% 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 53.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $421,000 | -4.0% |
Listing Count | 19 | 44.0% |
| Listings as % of Homes | 0.6% | 44.0% |
Days on Market | 132 | 49.0% |
Demographics — Defuniak Springs, FL
As of the latest ACS Survey released in 2023, Defuniak Springs, FL has a population of 3,900, which has decreased by -13.5% over the past 5 years. Defuniak Springs, FL is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 10.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,900 | -13.5% |
% Under 18 | 20.4% | 10.9% |
% Seniors | 25.6% | 17.4% |
% WFH | 8.5% | 93.2% |
% w/ College Degree | 10.7% | 7.0% |
As of the latest ACS Survey released in 2023, Defuniak Springs, FL is a predominantly white area, with 91.1% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Defuniak Springs, FL is hispanic, making up 2.5% of the population. Foreign-born residents account for 0.9% of the population in Defuniak Springs, FL, and this percentage has decreased by 35.7% 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 | 91.1% | 1.1% |
% Black | 0.4% | -81.8% |
% Hispanic | 2.5% | 56.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.9% | -35.7% |
Mortgage and Risk — Defuniak Springs, FL
According to HUD data as of 2023, there were 105 mortgage originations in Defuniak Springs, FL, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Defuniak Springs, FL. Investor activity is low, as 1.0% 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 | 105 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Defuniak Springs, FL
Defuniak Springs, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $960 |
| 2 Bedroom | -$1,070 | $2,150 | $1,080 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,780 |
Affordability — Defuniak Springs, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $194,000 |
| Median Household Income | $45,100 |