Fort Walton Beach, FL—32547
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 $306,000, with a year-over-year change of -4.6%. 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 | $306,000 | -4.6% |
| Single Family | $311,000 | -4.3% |
| Condos | $198,000 | -10.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $206,000 | -4.6% |
3 Bed | $308,000 | -4.0% |
4 Bed | $412,000 | -2.8% |
| 5 Bed | $511,000 | -2.9% |
% of Housing Stock
Rental Trends — Fort Walton Beach, FL
As of July '25, Rentcast reports the average rent in Fort Walton Beach, FL is $1,840, with a year-over-year rent change of -1.1%. Per bedroom, the median rent as of July '25 in Fort Walton Beach, FL is studios: $1,880, 1-bedrooms: $1,470, 2-bedrooms: $1,560, 3-bedrooms: $2,040, 4-bedrooms: $2,640. The most common rental property sizes in Fort Walton Beach, FL are 2-bedroom and 3-bedroom, accounting for 52.2% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,840 |
| Studio Rent | $1,880 | $1,880 |
| 1 Bed Rent | $1,500 | $1,470 |
| 2 Bed Rent | $1,500 | $1,560 |
| 3 Bed Rent | $2,000 | $2,040 |
| 4 Bed Rent | $2,500 | $2,640 |
% 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 76. This is a increase of 13.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -3.0% |
Listing Count | 184 | -11.0% |
| Listings as % of Homes | 0.7% | -11.0% |
Days on Market | 76 | 13.0% |
Demographics — Fort Walton Beach, FL
As of the latest ACS Survey released in 2023, Fort Walton Beach, FL has a population of 35,500, which has increased by 6.5% over the past 5 years. Fort Walton Beach, FL is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,500 | 6.5% |
% Under 18 | 21.5% | 13.2% |
% Seniors | 16.1% | -0.6% |
% WFH | 5.4% | 390.9% |
% w/ College Degree | 27.8% | -2.5% |
As of the latest ACS Survey released in 2023, Fort Walton Beach, FL is a predominantly white area, with 59.4% of the population identifying as white. The white population has shrunk by 8.6% in the last 5 years. The second most common race or ethnicity in Fort Walton Beach, FL is hispanic, making up 18.6% of the population. Foreign-born residents account for 15.3% of the population in Fort Walton Beach, FL, and this percentage has increased by 40.4% 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 | 59.4% | -8.6% |
% Black | 11.5% | -19.6% |
% Hispanic | 18.6% | 37.8% |
% Asian | 3.3% | -2.9% |
% Foreign Born | 15.3% | 40.4% |
Mortgage and Risk — Fort Walton Beach, FL
According to HUD data as of 2023, there were 602 mortgage originations in Fort Walton Beach, FL, of which 46.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Fort Walton Beach, FL. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 602 |
% Conventional Loans | 46.0% |
% Government Loans | 54.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
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 8.0%. 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. 3-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 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 483 |
Total Units Section 8 | 483 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | 74.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,500 | $1,300 |
| 2 Bedroom | -$40 | $1,500 | $1,460 |
| 3 Bedroom | $30 | $2,000 | $2,030 |
| 4 Bedroom | -$50 | $2,500 | $2,450 |
Affordability — Fort Walton Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $306,000 |
| Median Household Income | $67,800 |