Okaloosa County, Florida Housing Market
In Okaloosa County, Florida, the median home value is $351,200, with a median monthly rent of $1,612. This places Okaloosa County at #412 nationally out of 3134 counties by median home value, and #21 within Florida.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,170
- Establishments: 7,342
- BLS QCEW, 2025
Housing Supply
- Single-family: 987
- Multi-family: 70
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 96,299 (avg $91,373)
- Outflow: 87,008 (avg $91,401)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Okaloosa County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 32536 | 273.6 | -0.95% | 2025 |
| 2 | 32580 | 296.5 | — | 2024 |
| 3 | 32579 | 311.3 | -1.77% | 2025 |
| 4 | 32548 | 360.8 | +2.23% | 2025 |
| 5 | 32578 | 323.9 | -2.52% | 2025 |
| 6 | 32547 | 318.0 | -3.80% | 2025 |
| 7 | 32569 | 326.4 | +4.54% | 2025 |
| 8 | 32539 | 285.6 | -0.32% | 2025 |
| 9 | 32541 | 332.4 | +5.24% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Okaloosa County Compares
| Metric | Okaloosa County | Florida Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $351,200 | $284,325 | $227,706 |
| Median Gross Rent | $1,612 | $1,303 | $968 |
| Owner Occupancy Rate | 68.4% | 74.6% | 73.3% |
| Price/Rent Ratio | 18.2 | 17.6 | 18.7 |
Market Analysis
The median home value in Okaloosa County is 23.5% above the Florida state average and 54.2% above the U.S. national average. The median rent of $1,612/month is 23.7% above the state average.
With a price-to-rent ratio of 18.2, the buy-vs-rent decision in Okaloosa County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Okaloosa County has an owner-occupancy rate of 68.4%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Henderson County | North Carolina | $351,400 | $1,187 |
| Moore County | North Carolina | $351,400 | $1,254 |
| Indian River County | Florida | $351,500 | $1,357 |
| Jefferson County | West Virginia | $350,800 | $1,108 |
| Stevens County | Washington | $350,600 | $898 |
Other Counties in Florida
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Indian River County | $351,500 | $1,357 | 80.1% |
| Osceola County | $353,300 | $1,746 | 65.3% |
| Pinellas County | $355,100 | $1,642 | 69.5% |
| St. Lucie County | $347,300 | $1,585 | 78.6% |
| Lee County | $362,200 | $1,712 | 74.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).