Wakulla County, Florida Housing Market

In Wakulla County, Florida, the median home value is $258,300, with a median monthly rent of $1,108. This places Wakulla County at #847 nationally out of 3134 counties by median home value, and #37 within Florida.

Median Home Value $258,300
Median Rent $1,108/mo
Owner Occupancy 81.9%
Price/Rent Ratio 19.4

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Wakulla County fell -5.3% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

4,800
jobs (private sector)
  • Avg weekly wage: $950
  • Establishments: 608
  • BLS QCEW, 2025
🏗️

Housing Supply

518
new units authorized (2025)
  • Single-family: 518
  • Multi-family: 0
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+1420
net migration (filers, 2021-2022)
  • Inflow: 13,628 (avg $67,171)
  • Outflow: 12,208 (avg $67,082)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 1 active ZIP codes in Wakulla County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 32327 248.6 -4.38% 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.

How Wakulla County Compares

MetricWakulla CountyFlorida AverageU.S. Average
Median Home Value $258,300 $284,325 $227,706
Median Gross Rent $1,108 $1,303 $968
Owner Occupancy Rate 81.9% 74.6% 73.3%
Price/Rent Ratio 19.4 17.6 18.7

Market Analysis

The median home value in Wakulla County is 9.2% below the Florida state average and 13.4% above the U.S. national average. The median rent of $1,108/month is 15.0% below the state average.

With a price-to-rent ratio of 19.4, the buy-vs-rent decision in Wakulla County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.

Wakulla County has an owner-occupancy rate of 81.9%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Mille Lacs County Minnesota $258,300 $903
Phillips County Colorado $258,200 $999
Rensselaer County New York $258,400 $1,217
Butler County Ohio $258,500 $1,135
Warren County Kentucky $258,000 $1,002

Other Counties in Florida

CountyMedian Home ValueMedian RentOwner Occ.
Escambia County $257,200 $1,321 64.8%
Baker County $256,700 $1,302 85.1%
Polk County $266,500 $1,363 70.5%
Gulf County $250,000 $1,187 80.8%
Citrus County $245,500 $1,107 85.2%

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).